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NNDNF - Nidec approves 5.5M share repurchase program
Nihon Densan Kabushiki Kaisha
Nidec Corporation (OTCPK:NNDNF) board authorized a share repurchase program wherein it can repurchase up to $5.5M of its shares. The share repurchase plan is authorized effective from April 22, 2022 through January 24, 2023. The authorization is intended to enable agile capital management highly responsive to the changing business environment. YTD, the stock lost 42.1%; current share repurchase forms 0.01% of its total current market cap.