Nidec Corporation Buyback
OLI recorded this information on 1/21/2016
Share Amount Authorized:
Nidec Corporation (NYSE:NJ) (the "Company") announces today that its Board of Directors has authorized a new share repurchase plan at a meeting held on January 21, 2016, whereby the Company may repurchase up to three million shares in accordance with the Article of Incorporation pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
NIDEC and its subsidiaries are primarily engaged in the design, development, manufacture and marketing of small precision motors, mid-size motors, machinery, electronic and optical components, and other products. Co.'s principal products are spindle motors for hard disk drives, motors for optical disk drives, small precision fans and other small motors; mid-size motors; test systems, measuring equipment, power transmission equipment, factory automation systems, card readers and industrial robots; camera shutters, camera lens units, switches, trimmer potentiometers, motor driven actuator units, processing and precision plastic mold products; and auto parts and pivot assemblies.
Open the NJ Page at The Online Investor »
Free NJ Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts
Strong Buy (4.00 out of 4)
(ranked lower than approx. 62% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite