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Nidec ( (JP:6594) ) just unveiled an announcement.
Nidec Corporation reported a slight increase in net sales for the first half of fiscal 2025, driven by growth in its automotive and appliance sectors, despite challenges in its machinery business. However, the company experienced a significant decline in operating profit due to factors such as contract loss provisions and impairment losses in its automotive segment. Additionally, an ongoing investigation into suspected improper accounting practices and an interim review report with a disclaimer of opinion from auditors highlight potential financial statement revisions.
The most recent analyst rating on (JP:6594) stock is a Hold with a Yen2366.00 price target. To see the full list of analyst forecasts on Nidec stock, see the JP:6594 Stock Forecast page.
More about Nidec
Nidec Corporation operates in the manufacturing industry, specializing in producing motors and related products. The company focuses on various sectors, including automotive, appliance, commercial, and industrial products.
Average Trading Volume: 16,056,641
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen2700B
See more data about 6594 stock on TipRanks’ Stock Analysis page.