What’s next for motors? - Nidec at CES 2019

Press Releases   •   Jan 10, 2019 05:44 EST

Introducing new products demonstrated by Nidec at CES 2019. Although electric motors have been around since the first half of the 1800s, their function has largely remained unchanged. By converting electricity to mechanical energy they act as the muscles that power our machines and devices and give them the ability to spin and move. Accordingly, the bulk of the innovations that the technology...

Nidec to Display Thermal Solutions for Smartphones and Other Devices at CES 2019

Press Releases   •   Dec 28, 2018 01:30 EST

The launch of 5G is expected to deliver a slew of benefits including dramatically higher data transfer rates and reduced latency. Coupled with advances in artificial intelligence, smartphones and other devices are set to become even more powerful. But this trend does not come without its challenges; as the performance of devices increases, so do the requirements on thermal management.

First Car Using Nidec’s E-Axle Traction Motor System Unveiled

Press Releases   •   Dec 10, 2018 01:30 EST

Kyoto, Japan: The new electric car brand Aion S recently unveiled at Auto Guangzhou 2018 by GAC NE, GAC MOTOR’s new energy vehicle arm, will be the first line of cars to adopt Nidec’s fully integrated traction motor system (E-Axle). The super e-car with a driving mileage of over 500 kilometers is slated to hit the market in 2019.

Honda and Nidec-Shimpo Collaborate to Mass-Produce Omni-directional Driving Wheel System

Press Releases   •   Dec 03, 2018 01:58 EST

Nidec-Shimpo Corporation ("Nidec-Shimpo") is collaborating with Honda Motor Co., Ltd. ("Honda") in a joint effort to mass-produce an omni-directional driving wheel system, the "Honda Omni Traction Drive System," developed by Honda. The product is expected to be launched in January 2019.

Nidec Announces Completion of Tender Offer for Shares of Chaun-Choung Technology Corp., Taiwan

Press Releases   •   Nov 30, 2018 01:36 EST

Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it has completed the tender offer for 48.0% of the outstanding shares of Chaun-Choung Technology Corp. (TWSE: 6230) (“CCI”) based in Taiwan which was commenced on October 3, 2018 (the “Tender Offer”), in line with its previous announcement title “Nidec Announces Fulfillment of All the Conditions of Tender Offer for Chaun-Choung Technology Corp., Taiwan” dated November 12, 2018.

This transaction does not fall under the public tender offer defined in Paragraph 1, Article 27-2 of the Financial Instruments and Exchange Act of Japan. 

1. Summary of CCI

(1) Company name Chaun-Choung Technology Corp.
(2) Headquarters 12F, No.123-1, Xingde Road, Sanchung, New Taipei City 241,
Taiwan, R.O.C.
(3) Name and title of
representative
Chairman, Wu Shih Ling
(4) Description of business Development, manufacturing, and sales of thermal module
products
(5) Capital TWD 863,433,960
(6) Date of establishment December 14, 1973
(7) Consolidated financial results and financial conditions of CCI                                            
         Accounting period         December 2015         December 2016         December 2017
Net assets             TWD 3,494M             TWD 3,782M             TWD 3,599M
Total assets             TWD 6,215M             TWD 6,730M             TWD 6,489M
Book-value per share                TWD 40.47                TWD 43.80                TWD 41.68
Sales             TWD 6,044M             TWD 7,297M             TWD 7,067M
Operating profit                TWD 801M             TWD 1,194M                TWD 767M
Net profit                TWD 671M                TWD 946M                TWD 500M
Earnings per share                  TWD 7.77                TWD 10.95                  TWD 5.79

2. Number of shares acquired, cost of investment paid and shares held by Nidec Corporation before

and after investment 

(1) Number of shares held                  
prior to the Tender Offer 
0 shares                                                                     
(Number of voting rights: 0)
(Voting rights ownership: 0.0%) 
(2) Number of shares
acquired 
41,444,831 shares
(Number of voting rights: 41,444,831) 
(3) Cost of investment Approximately TWD 4,476 million
(4) Number of shares held
after the Tender Offer 
41,444,831 shares
(Number of voting rights: 41,444,831)
(Voting rights ownership: 48.0%) 

3. Schedule
Completion date of stock transfer                   November 30, 2018

4. Future outlook
The Tender Offer is expected to have no significant impact on Nidec’s consolidated financial performance for the fiscal year ending March 31, 2019. Nidec will make additional disclosure on a timely basis in accordance with the rules of the Tokyo Stock Exchange upon determination of further details. 

Cautionary Statement Concerning Forward-Looking Information
This press release contains forward-looking statements regarding the intent, belief, strategy, plans or expectations of the Nidec Group or other parties. 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, the risks to successfully integrating the acquired business with the Nidec Group, the anticipated benefits of the Tender Offer not being realized, changes in general economic conditions, shifts in technology or user preferences for particular technologies and changes in business and regulatory environments. The Nidec Group does not undertake any obligation to update the forward-looking statements contained herein or the reasons why actual results could differ from those projected in the forward-looking statements except as may be required by law.

Nidec was established in Kyoto, Japan in 1973 by its Chairman and CEO Shigenobu Nagamori. In 1979, Nidec became the first company in the world to successfully commercialize a direct drive spindle motor for HDDs based on a brushless DC motor. Since then, the company has grown into a world-leading comprehensive motor manufacturer encompassing more than 300 subsidiaries employing over 100,000 people throughout the world and with annual sales exceeding $13B. Nidec's motors, drives, generators and related products are found in a diverse range of applications including computers, smartphones, home appliances, automobiles, manufacturing plants, robots and more.

Nidec Corporation announced today that it has completed the tender offer for 48.0% of the outstanding shares of Chaun-Choung Technology Corp. based in Taiwan which was commenced on October 3, 2018, in line with its previous announcement titled “Nidec Announces Fulfillment of All the Conditions of Tender Offer for Chaun-Choung Technology Corp., Taiwan” dated November 12, 2018.

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The Nidec Group to Exhibit Latest Robotic Components, Haptic Devices and More at CES 2019

Press Releases   •   Nov 27, 2018 01:30 EST

The Nidec group, based in Japan but with over 300 subsidiaries in 43 countries around the world, will be at CES 2019 to display our technologically advanced compact and lightweight motors and high-precision gearboxes designed to accelerate the arrival of a comfortable society supported by robotic technology and our haptic devices designed for advanced human-machine interaction.

Nidec Founder Nagamori Talks about the Company’s Financial Situation and Strategy Moving Forward

Press Releases   •   Oct 31, 2018 21:54 EDT

Following the announcement of Nidec’s financial results for the fiscal first half of 2018, the company’s founder and chairman, Shigenobu Nagamori, met with investors in Tokyo to discuss the company’s financial situation and its strategy moving forward. Nidec recently recorded its highest net sales and operating profit, among other figures, on a first-half and quarterly basis.

Control Techniques Announces New Servo Drive

Press Releases   •   Oct 15, 2018 10:00 EDT

Control Techniques, part of the Nidec group of companies, has revealed its new generation of advanced servo drive technologies. The new Digitax HD servo series delivers ultimate motor control performance and flexibility, from a uniquely compact package. Targeting high axis count automation systems, Digitax HD provides all of the benefits of a modular system with a common DC bus.

Nidec Industrial Solutions animates the debate at the Innovation for Cool Earth Forum in Tokyo

Press Releases   •   Oct 11, 2018 07:00 EDT

Milan, 11 October 2018 - The second day of ICEF, Innovation for Cool Earth Forum, was held today in Tokyo, Japan. The annual event brings together all the most important personalities committed to addressing the problems linked to climate change through technological innovation in the aims of solving the most important environmental challenges of the 21st century.

Nidec Global Appliance Compressors at Chillventa 2018

Press Releases   •   Oct 10, 2018 21:58 EDT

Nidec Global Appliance Compressors (formerly Secop and formerly known as Danfoss Compressors), a forerunner in advanced refrigeration compressor technology with more than 60 years of innovation, will showcase its latest developments at the Chillventa 2018. The exhibition will take place from October 16 to 18, 2018, in Nuremberg. The company can be found in Hall 7A, Booth 208.

Contacts 2 contacts

  • Press Contact
  • Global PR Team
  • Automotive Technology, Robots and Drones
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About Nidec

For Everything That Spins and Moves

​Nidec was established in Kyoto, Japan in 1973 by its Chairman and CEO Shigenobu Nagamori. In 1979, Nidec became the first company in the world to successfully commercialize a direct drive spindle motor for HDDs based on a brushless DC motor. Since then, the company has grown into a world-leading comprehensive motor manufacturer encompassing approximately 300 subsidiaries employing over 100,000 people throughout the world and with annual sales exceeding $10B. Nidec's motors, drives, generators and related products are found in a diverse range of applications including computers, smartphones, home appliances, automobiles, manufacturing plants, robots and more.

Address

  • Nidec
  • Nidec head office (Kyoto, Japan)
  • 338 Kuzetonoshiro-cho, Minami-ku 601-8205 Kyoto
  • Japan