Nidec Corporation Provides Update on Consolidated Financial Statements
Nidec Corporation, a leading manufacturer of motors and related products, has disclosed that its consolidated financial statements are pending due to delayed audits of overseas subsidiaries. The company has not yet received the accounting auditor’s report, which is required for the completion of its consolidated financial statements.
Stock Price Movement
Nidec’s stock price has shown a moderate increase, although the exact magnitude of this increase is not specified. The company’s stock price movement is not directly related to the delayed audits, as its products continue to be in high demand.
Product Demand and Market Trends
The company’s products, including small precision motors and commercial industrial motors, are in high demand due to growth in various sectors such as internet and telecom. Additionally, Nidec’s expertise in motor manufacturing is expected to benefit from the growing demand for frameless motors in robotics and CNC tools.
Key Products and Markets
- Small precision motors
- Commercial industrial motors
- Frameless motors for robotics and CNC tools
Market Sectors Driving Demand
- Internet
- Telecom