tiprankstipranks
Trending News
More News >

Nidec Faces Delay in Consolidated Financial Statement Audit

Story Highlights
Nidec Faces Delay in Consolidated Financial Statement Audit

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1