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Nidec Faces Delay in Consolidated Financial Statement Audit

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Nidec Faces Delay in Consolidated Financial Statement Audit

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Nidec ( (JP:6594) ) just unveiled an announcement.

Nidec Corporation announced a delay in receiving the accounting auditor’s report on its consolidated financial statements due to extended audits of its overseas subsidiaries. The company has assured stakeholders that the report is being prepared in time for the upcoming Annual General Meeting of Shareholders, and any necessary corrections will be promptly communicated once the report is finalized.

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 manufacturing industry, primarily focusing on electric motors and related components. The company is known for its innovation and market leadership in precision motors, which are used in a variety of applications including automotive, industrial, and consumer electronics.

Average Trading Volume: 4,857,254

Technical Sentiment Signal: Hold

Current Market Cap: Yen3296.1B

For an in-depth examination of 6594 stock, go to TipRanks’ Stock Analysis page.

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