logo
Nidec Announces That Its Board Authorizes Share Repurchase Plan

Nidec Announces That Its Board Authorizes Share Repurchase Plan

Business Wire27-05-2025
KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the 'Company') announces today that its Board of Directors has authorized a new share repurchase plan at a meeting held on May 27, 2025, whereby the Company may repurchase up to 13 million shares in accordance with the Articles of Incorporation pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.
Reason for Share Repurchase
To flexibly implement share repurchases while considering factors such as funds for medium- to long-term growth investments, the current cash position, stock price levels, and the status of total shareholder returns, with a view to achieving a total return ratio of 50%.
Details of Authorized Share Repurchase Plan
Class of shares: Common stock
Total number of shares that may be repurchased: Up to 13,000,000 shares
(1.13% of total number of shares issued, excluding treasury stock)
Total repurchasable amount: 35 billion yen
Period of repurchase: From May 28, 2025 through May 27, 2026
Reference
Total number of shares issued and outstanding shares held in treasury as of April 30, 2025:
Total number of shares issued (excluding treasury stock): 1,146,307,799 shares
Shares held in treasury: 46,261,137 shares
Cautionary Statement Concerning Forward-Looking Information
This press release contains forward-looking statements regarding the Company's current intent, plans, expectations and estimates. Such forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Actual results may differ materially from those described in such forward-looking statements as a result of various factors, including, but not limited to, available funds, future alternative uses for cash, future competing investment opportunities, and general economic, business and market conditions. The Company assumes no obligation to, and does not currently intend to, update these forward-looking statements, except as required by law.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Western Metallica Announces Director Resignation and Provides Corporate Update
Western Metallica Announces Director Resignation and Provides Corporate Update

Business Wire

time11 minutes ago

  • Business Wire

Western Metallica Announces Director Resignation and Provides Corporate Update

TORONTO--(BUSINESS WIRE)--Western Metallica Resources Corp. (TSXV: WMS) (' Western Metallica ' or the ' Company ') announces that Ms. Brigitte Berneche has resigned from the Board of Directors. The Company would like to thank Brigitte for her contributions. With regards to corporate activities, the Company has been working with its creditors in Peru through its local subsidiary, Green Rock Copper S.A.C., to agree to appropriate settlement terms for outstanding debts primarily related to the drill program completed in February 2025. The disappointing drill results from this program were the primary reason for ceasing exploration activities in Peru as the Company was no longer able to finance additional exploration work. In addition, in connection with the company's ongoing efforts to address its outstanding liabilities at the corporate level, it has made the following modifications to the debt held by its CEO, Greg Duras. The Borrower and the Lender may negotiate repayment of the Loan via the transfer of securities or other investment products but any arrangement for repayment other than cash remains subject to all applicable regulatory rules, including without limitation, the rules of the TSX Venture Exchange and provided that in no event shall any repayment result in the Lender acquiring more than 19.9% of the Borrower. The Lender may also assign or transfer all or any part of its rights and obligations under the loan agreement. The Company will provide a further update on planned activities in due course. About Western Metallica Resources Corp. Western Metallica is an Ontario registered company with its head office in Toronto, Ontario, trading on the TSXV under symbol WMS. Western Metallica is in the business of mineral resource exploration. Its project interests include its 100% owned Nueva Celti Copper Property in Andalusia, Spain, and three other gold projects located in the 'Navelgas Gold Belt' in Asturias, Spain (Penedela, Valledor and Sierra Alta). Further information can be found at: Cautionary Notes The TSXV has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release. Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

NinjaOne Appoints Geoff Davies as VP and Country Manager for Australia and New Zealand
NinjaOne Appoints Geoff Davies as VP and Country Manager for Australia and New Zealand

Business Wire

time11 minutes ago

  • Business Wire

NinjaOne Appoints Geoff Davies as VP and Country Manager for Australia and New Zealand

SYDNEY--(BUSINESS WIRE)-- NinjaOne ®, the automated endpoint management platform, today announced the appointment of Geoff Davies as Vice President and Country Manager for Australia and New Zealand (ANZ). Davies brings more than 15 years of experience leading high-performance sales teams across the region. As VP and Country Manager, Davies will be responsible for growing NinjaOne's business across Australia and New Zealand and continuing to make NinjaOne customers and partners wildly successful. As we continue to grow our presence in the region and deliver best-in-class value to IT teams and MSPs, Geoff will bring a unique perspective that will help NinjaOne, our customers, and our partners thrive. Share Prior to NinjaOne, Davies led enterprise sales for ServiceNow in ANZ for more than a decade, scaling the region more than 8X. Under his guidance, his team consistently exceeded annual revenue targets and significantly grew the ANZ customer base. Davies also held senior sales leadership roles in other high-growth SaaS organizations, most recently as Regional Vice President of Commercial and Enterprise Sales for ANZ at Elastic. His leadership style focuses on collaboration, teamwork, and delivering meaningful value for the company and its customers. 'Geoff is a proven sales leader with a deep understanding of the ANZ market and a passion for making his team and customers successful,' said John Sapone, Chief Revenue Officer at NinjaOne. 'As we continue to grow our presence in the region and deliver best-in-class value to IT teams and MSPs, Geoff will bring a unique perspective that will help NinjaOne, our customers, and our partners thrive.' 'Joining NinjaOne at this pivotal moment in rapid growth is the opportunity of a lifetime,' said Davies. 'The company's commitment to fostering community and customer success is unmatched in the industry, and it's clear that the leadership team is relentlessly focused on continuing to identify and solve customer pain points. I look forward to working with my fellow Ninjas and our partners to simplify IT for customers across Australia and New Zealand.' NinjaOne is hiring globally and across all departments. To learn more, visit: About NinjaOne NinjaOne, the automated endpoint management platform, delivers visibility, security, and control over all endpoints for more than 30,000 customers in 130+ countries. The cloud-native NinjaOne platform simplifies endpoint management, patching, and visibility for environments at any scale. It is proven to increase productivity, reduce security risk, and lower costs. NinjaOne is obsessed with customer success and provides free and unlimited onboarding, training, and support. Try NinjaOne for free at

KBRA Assigns Preliminary Ratings to AHPT 2025-ATRM
KBRA Assigns Preliminary Ratings to AHPT 2025-ATRM

Business Wire

time11 minutes ago

  • Business Wire

KBRA Assigns Preliminary Ratings to AHPT 2025-ATRM

NEW YORK--(BUSINESS WIRE)--KBRA announces the assignment of preliminary ratings to eight classes of AHPT 2025-ATRM, a CMBS single-borrower securitization. The collateral for the transaction is a $653.0 million floating rate, interest-only mortgage loan. The loan is expected to have an initial two-year term with three, one-year extension options and require monthly interest-only payments. The loan will be secured by the borrowers' fee simple and leasehold interests in 14 hotels located in 11 states. In addition, the loan may be secured by the leasehold interest in one additional hotel, which is not expected to be part of the loan collateral as of the origination date, but which may become part of the collateral upon receipt by the related borrower of an executed estoppel certificate from the related ground lessor within nine months of loan closing and satisfaction of certain other conditions. For the TTM 5/2025 period, the portfolio's occupancy was 71.2% with an average daily rate (ADR) of $168.35, resulting in revenue per available room (RevPAR) of $119.82. As of TTM 5/2025, the portfolio achieved weighted average occupancy, ADR and RevPAR penetration rates of 109.4%, 109.5% and 120.5%, respectively. KBRA's analysis of the transaction included a detailed evaluation of the property's cash flows using our North American CMBS Property Evaluation Methodology, and the application of our North American CMBS Single Borrower & Large Loan Rating Methodology. In addition, KBRA also relied on its Global Structured Finance Counterparty Methodology for assessing counterparty risk in this transaction, and its ESG Global Rating Methodology, to the extent deemed applicable. The results of our analysis yielded a KBRA net cash flow (KNCF) for the portfolio of approximately $63.2 million, which is 10.0% below the issuer's NCF, and a KBRA value of approximately $582.9 million, which is 34.7% below the aggregate of the appraiser's individual as-is values for each property. The resulting in-trust KBRA Loan to Value (KLTV) is 112.0%. In our analysis of the transaction, we also reviewed and considered third party engineering, environmental, and appraisal reports, the results of our site inspection of the property, and legal documentation review. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1010558

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store