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An announcement from Nidec ( (JP:6594) ) is now available.
Nidec Corporation has announced a strategic move to absorb the inverter business of its wholly-owned subsidiary, Nidec Mobility Corporation, through an absorption-type company split. This decision, effective May 1, 2025, aims to streamline operations and potentially enhance Nidec’s market positioning in the inverter sector by consolidating assets and liabilities, which include short-term borrowings and non-current assets.
More about Nidec
Nidec Corporation operates in the manufacturing industry, primarily focusing on the production of electric motors and related components. The company has a significant presence in the global market, providing products and services that cater to various sectors, including automotive, industrial, and consumer electronics.
YTD Price Performance: -10.55%
Average Trading Volume: 1,694
Technical Sentiment Signal: Strong Buy
Current Market Cap: $20.63B
Learn more about 6594 stock on TipRanks’ Stock Analysis page.