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Nidec ( (JP:6594) ) has provided an update.
Nidec Corporation has announced a delay in the submission of its 52nd Annual Securities Report due to unresolved issues identified in trade transactions at its subsidiary, NIDEC FIR INTERNATIONAL S.R.L. The company is conducting an internal investigation with a third-party expert to address potentially erroneous declarations of country of origin, which may have led to unpaid import tariffs. This delay impacts the company’s ability to finalize its audited consolidated financial statements, affecting stakeholders’ access to financial information.
The most recent analyst rating on (JP:6594) stock is a Buy with a Yen4500.00 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 industrial and automotive sectors, focusing on the production of motors and actuators for various applications including industrial, commercial, and household appliances. Their products range from AC, geared, and brushless DC motors to motor-related components and drives, serving markets such as construction, renewable energy, and commercial refrigeration.
Average Trading Volume: 4,773,809
Technical Sentiment Signal: Hold
Current Market Cap: Yen3411.9B
For a thorough assessment of 6594 stock, go to TipRanks’ Stock Analysis page.