Nidec : to Join the Nikkei Stock Average (Nikkei 225)
September 06, 2022 at 03:40 am
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Nidec Corporation is pleased to announce its addition to the constituents of the Nikkei Stock Average (Nikkei 225).
Nidec will be added to Nikkei 225, considering market liquidity according to Nikkei Inc.'s Constituents Selection Rules.
For more details, please refer to the following press release from Nikkei Inc.
Changes to the Nikkei Stock Average (dated September 5, 2022)
https://indexes.nikkei.co.jp/nkave/archives/news/20220905E_1.pdf
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Nidec Corporation published this content on 06 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2022 07:39:07 UTC.
Nidec Corporation specializes in the development, manufacturing and marketing of small precision motors and automotive and appliance components. Net sales break down by family of products as follows:
- appliances, air-conditioning and industrial equipment motors (40.5%);
- small precision motors (21.9%): pin motors for hard drives, fan motors, vibrating motors, brush motors and motor applications, etc. ;
- automotive components (21.3%);
- machines (12.1%): industrial robots, card readers, test systems, presses and power transmission drives, etc. ;
- electronic and optical components (3.9%): switches, trimmer potentiometers, lens units and camera shutters, etc. ;
- other (0.3%).
The net sales are distributed geographically as follows: Japan (17.8%), China (26.7%), the United States (21.6%), Germany (6.1%), Italy (5.5%), Thailand (5.2%) and other (17.1%).