Cost Awareness and Flexibility: Nidec Founder’s Thoughts on Successful Production Management

Press Releases   •   Aug 08, 2018 01:02 EDT

What is the role of manufacturing plants? Is it enough to just produce high-quality goods? Not according to Nidec’s founder Shigenobu Nagamori. At a meeting with investors in Tokyo, Nagamori emphasized the importance of thinking of production plants as profit centers—units accountable for profitability.

Nidec-Shimpo Announces New Models of the S-CART Series of Automated Guided Vehicles (AGVs)

Press Releases   •   Jul 09, 2018 03:02 EDT

Nidec-Shimpo, a subsidiary of Nidec, today announced that the company will begin shipping a new model of Automated Guided Vehicles (AGVs) – the next model in the company's S-CART series – equipped with a “Follow-Me” function. Additionally, the company has also developed a separate new model equipped with a “Return-To-Home” function as well as a model designed to carry a maximum payload of 500 kg.

AGVs in Logistics

Blog posts   •   Jul 09, 2018 03:01 EDT

Nidec Acquires CIMA S.p.A., an Italian Commercial Motor Manufacturer

Press Releases   •   Jul 02, 2018 20:22 EDT

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it acquired a 100% ownership interest in CIMA S.p.A. (“CIMA”), an Italian commercial motor manufacturer, from its shareholders (the “Transaction”) on July 2, 2018, local time. As a result of the Transaction, CIMA became a consolidated subsidiary of Nidec, as outlined below:

1. Outline of New Subsidiary

(1) Company Name: CIMA S.r.l.(*)
(2) Headquarters: Vicenza (Italy)
(3) Foundation: 1977
(4) Directors:
Director and Chairman, CEO:

Director:


Director:

Paolo Delpogetto
(FIR Elettromeccanica S.r.l., CEO)
James Halley
(Appliance, Commercial and Industrial
Motor Business Unit, CFO of European business)
Fabrizio Montoro
(FIR Elettromeccanica S.r.l., Operations Manager)
(5) Principal Business: Designs, manufactures and sells commercial motors
(6) Employees: 54 (as of March, 2018)
(7) Sales: €13.4 million (fiscal year ended December 31, 2017)
(8) Operating Income (**):
€1.7 million (fiscal year ended December 31, 2017)
(Operating margin 13.0%)
(9) Net Assets: €9.9 million (fiscal year ended December 31, 2017)
(10) Total Assets: €15.2 million (fiscal year ended December 31, 2017)

(*) At closing of the Transaction, CIMA has been transformed from a joint stock company (S.p.A., Società per Azioni) into a limited liability company (S.r.l., Società a responsabilità limitata) in order to conduct its management decision making swiftly.
(**) The amount remaining after subtracting one-time expenses or income. Further onetime expenses or income will not occur in the post-acquisition period.

2. Purpose of the Transaction and Future Operation Policy
In line with its continuing initiative to create an optimal business mix, the Company is actively moving forward with the development of new growth platforms with particular emphasis on appliance, commercial and industrial motors and solutions.

Commercial equipment and products have been and will continue to be an important impetus in keeping the initiative on course. Since the acquisition of Kinetek Group Inc. and its subsidiaries, including FIR Elettromeccanica S.r.l. (“FIR”), in November 2012, the Company has added to its product portfolio a new range of pumps and motors for commercial kitchen equipment used for food-service operations including restaurants and canteens (e.g., dishwashers, convection ovens), motors for construction equipment (e.g., cable hoists, ladder hoists, lifts) and pumps, primarily targeted at the European market.

In order to strengthen its commercial motor business in Europe, the Company, setting FIR as a core business platform in Europe, acquired the business of E.M.G. Elettromeccanica S.r.l. (“EMG”) in September 2015, E.C.E. S.r.l. in May 2016 and LGB Elettropompe S.r.l. (“LGB”) in July 2017.

The main products of CIMA are motors used for ventilations and fans for agricultural and industrial purposes. Since there is no overlap between the products of FIR and those of CIMA, the Transaction helps FIR expand its product portfolio. In addition, utilizing FIR’s supply chain and facilities, CIMA will improve its profitability by generating both procurement and cost reduction synergies.

3. Effect on Financial Performance for the Current Fiscal Year
The Transaction is expected to have no significant impact on the Company’s consolidated financial performance for the fiscal year ending March 31, 2019.

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 planned transaction not being realized, changes in general economic conditions, shifts in technology or user preferences for particular technologies, other risks relating to the successful consummation of the planned transaction, 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 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.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it acquired a 100% ownership interest in CIMA S.p.A. (“CIMA”), an Italian commercial motor manufacturer, from its shareholders (the “Transaction”) on July 2, 2018, local time. As a result of the Transaction, CIMA became a consolidated subsidiary of Nidec.

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Nidec’s CEO and COO Talk about Future Growth and the Company’s New Leadership Structure

Press Releases   •   Jun 28, 2018 22:35 EDT

On June 20, over 1,000 Nidec shareholders gathered in Japan’s ancient capital Kyoto, the home of the company group’s corporate head office, to attend Nidec’s 45th annual general meeting. As customary, the two-hour long meeting was chaired by the company founder and CEO Shigenobu Nagamori who personally responded to all of the questions from the attending shareholders.

Hiroyuki Yoshimoto Assumes Office as New Nidec President

Press Releases   •   Jun 20, 2018 03:01 EDT

For the first time in the 45 year old history of the Kyoto-based multinational manufacturer of electric motors, Nidec has a new president, as Hiroyuki Yoshimoto becomes the first person to hold the post after the company’s founder Shigenobu Nagamori. The appointment was approved on June 20 at the 45th regular general meeting of shareholders and a subsequent meeting of the board of directors.

Nidec Industrial Solutions surfs the crest of the wave of a new business: electronic power makes it possible to experience exciting, safe and reliable surfing indoors

Press Releases   •   Jun 15, 2018 02:42 EDT

Nidec Industrial Solutions is partnering with American Wave Machines by providing the control system backbone for innovative technology which has the potential to disrupt the sport of surfing

Nidec Dominates Institutional Investor’s Annual Rankings of Best IR Companies in Japan

Press Releases   •   May 17, 2018 21:26 EDT

Nidec Corporation ranked No.1 in all 7 categories, which are Best CEOs, Best CFOs, Best IR Professionals, Best IR Programs, Best ESG (Environment, Social and Governance) / SRI (Social Responsibility Investment) Metrics, Best Corporate Governance and Best Analyst Day in the Electronics/Components business sector of Institutional Investor’s 2018 All-Japan Executive Team. This is the sixth consecutive year that Nidec has been ranked No.1 in Institutional Investor’s All-Japan Executive Team rankings.

2018 All-Japan Executive Team is a survey executed by Institutional Investor, a world-leading financial information company based in the U.S. Started in 2013, these annual rankings are conducted based on buy- and sell- side analysts’ votes evaluating the nominated companies’ investor relations attributes including management’s accessibility and timely and accurate disclosure of essential financial information. This year, 838 Japanese companies were nominated across 27 business sectors, and 410 asset management companies cast their ballots to determine the rankings.

Nidec will continue to be committed to creating corporate value over the long term through greater openness and accessibility in Investor Relations activities.

For more information, click here to read more on Institutional Investor's website.

Nidec was established in Kyoto, Japan in 1973 by its Chairman, President 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.

Nidec Corporation ranked No.1 in all 7 categories in the Electronics/Components business sector of Institutional Investor’s 2018 All-Japan Executive Team. This is the sixth consecutive year of being ranked No.1 on Institutional Investor’s All-Japan Executive Team rankings.

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Nidec and Groupe PSA Completes the Establishment of Joint Venture for Automotive Electric Traction Motors

Press Releases   •   May 16, 2018 03:05 EDT

Released on May 16, 2018, in Kyoto, Japan

As announced on December 4, 2017, Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec”) and Groupe PSA have completed the establishment of the joint venture that develops, manufactures and sells automotive electric traction motors. The profile of the joint venture is as follows.

1. Information on the Joint Venture:

  • (1) Company name:
Nidec PSA emotors
  • (2) Headquarters and development base:
Carrières sous Poissy, Paris region, France
  • (3) Production base:
Tremery, Grand Est region, France
  • (4) Representative (CEO):
Ghislain Boiteau, Nidec’s executive
  • (5) Establishment:
May 16, 2018
  • (6) Main business:
R&D, production, and sale of automotive electric traction motors and inverters
  • (7) Number of employees:
40 (the joint venture plans to hire additional 30 engineers by the end of summer 2018, and more in line with business expansion.)
  • (8) Initial share capitals:
€15 million
  • (9) Ownership:
Nidec Leroy-Somer Holding: 50%
PSA Automobiles SA: 50%


2. Effect on Financial Performance for the Current Fiscal Year
The Transaction 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 planned transaction not being realized, changes in general economic conditions, shifts in technology or user preferences for particular technologies, other risks relating to the successful consummation of the planned transaction, 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, President 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.

As announced on December 4, 2017, Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec”) and Groupe PSA have completed the establishment of the joint venture that develops, manufactures and sells automotive electric traction motors. The profile of the joint venture is as follows.

Read more »

Nidec ASI presents the new Ultra Fast Charger for speedy recharging of new-generation electric vehicles: an important asset for the development of the electric car market

Press Releases   •   May 15, 2018 02:28 EDT

The Nidec Group, presents the innovative Ultra Fast Charger (UFC), an advanced system for charging electric vehicles that hooks up to the national grid through charging towers. This solution will help pave the way for the spread of electric vehicles, a market which in many countries is still struggling to get off the ground, but which has huge opportunities for growth in the near future.

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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