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Nidec Announces Its Commencement of Tender Offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135)
Press Release: Nidec Announces Its Commencement of Tender Offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135)
The ADR trends on the 3rd show that INPEX, Hitachi, Kawasaki Heavy Industries, etc., are low in yen conversion value.
On the 3rd, the ADRs (American Depositary Receipts) showed a broad decline compared to the closing prices in Tokyo on the same day when converted to yen. In terms of yen conversion, INPEX <1605.T>, Hitachi <6501.T>, Kawasaki Heavy Industries <7012.T>, IHI <7013.T>, SoftBank Group <9984.T>, etc., were all lower. Nidec Corporation Sponsored ADR <6594.T>, Rohm <6963.T>, Murata Manufacturing <6981.T>, Asics <7936.T>, Tokyo Electron <8035.T>, etc., also performed poorly. Provided by Wealth Advisor Company.
Highlights of the PTS on the 3rd = Nippon Paint Holdings, Nidec Corporation Sponsored ADR, Decorte Holdings, etc.
▽ Nippon Paint Holdings <4612.T> has revised its consolidated operating profit forecast for the fiscal year ending December 2025 from 198 billion yen to 244 billion yen (a 30% increase year-on-year). ▽ Nidec Corporation Sponsored ADR <6594.T> has initiated a tender offer for Makino Milling Machine <6135.T>. ▽ Kasumigaseki Capital <3498.T> reports a consolidated operating profit of 4.81 billion yen for the first half of the fiscal year ending August 2025 (2.4 times higher than the same period last year). ▽ Decorte Holdings <7372.T> has terminated its capital and business alliance agreement with MIXI <2121.T>.
Completion of the procedures related to the public tender offer for our company, Makino Milling Machine Co., Ltd. (stock code: 6135), in accordance with the French Currency ETF Financial Code (foreign investment regulations).
Company Name: Nidec Corporation Sponsored ADR Representative: President and Company Executive Mitsuya Kishida Exchange: Tokyo Stock Exchange Main Board (6594) Location: 338 Kuze Donjo-cho, Minami-ku, Kyoto City Contact: Corporate Communications Department Manager Keita Watanabe Phone: (075) 935-6150 This is to announce the scheduled commencement of a tender offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135), as previously announced on December 27, 2024.
Nidec Announces the Status of Own Share Repurchase
