Nidec Drive Technology Corporation (“Nidec Drive Technology” or the “Company”), a Nidec Group company, has announced today that it has held a ceremony to open its new press machine assembly factory in the city of Ritto, Shiga Prefecture, on Wednesday, April 15.
This factory will double Nidec Drive Technology’s Japanese domestic production capacity from 60 to 120 press machines per year, while e
Nidec Advance Technology Corporation (“Nidec Advance Technology” or “we”) has announced today that it has joined the Semiconductor Assembly Test Automation and Standardization Research Association (SATAS).
■ SATAS
The SATAS is a research and development union established in April 2024 for the purposes of realizing and implementing labor reduction, automation, and standardization of the packa
St. Louis, MO – April 1, 2026 – Nidec, a global leader in electric motors, drives, and controls powering critical industries worldwide, today announced the appointment of Michael Briggs as Chairman of the Motion & Energy Business Unit and Chief Executive Officer of the Appliance & Automotive Division, effective April 1, 2026. In this role, he will oversee a global portfolio of businesses,
- Developing an industry-leading high-speed, high-accuracy analyzer to meet the datacenter market’s needs -
Nidec Advance Technology Corporation (“Nidec Advance Technology” or the “Company”) announced today that it has executed a new-product development contract with Techno Horizon Co., Ltd. (“Techno Horizon”) (headquarter
Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2022.
The highlights are as follows:
Net sales stood at a record high of ¥1,918.2 billion, 18.5% higher Y/Y.
Operating profit and profit before income taxes increased 7.2% Y/Y to ¥171.5 billion, 1
Nidec Corporation ― the world's No.1 comprehensive motor manufacturer ― announced its first-quarter financial results and the mid-term strategic goal Vision2025.
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Summary of Q1 FY2021
Net sales stood at a record high of ¥447.5 billion, 32.8% higher Y/Y. Operating profit significantly increased 60.3% Y/Y to ¥44.6 billion. Q1 quarterly op
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced today that it has signed a definitive agreement with Secop Austria GmbH on March 31, 2020, by which Nidec will acquire the Delta production line from Secop through the Company’s sub-subsidiary Nidec Global Appliance Italy S.r.l. and its Austrian company.
OMRON Automotive Electronics has become part of the Nidec group under the new name Nidec Mobility. Moving forward, the company will work closely with Nidec’s automotive motor business unit to develop new modules and systems that combine the motors, pumps, gears, etc. of the Nidec group with the electronic control units, and other electronic components, of Nidec Mobility.
The work-style reform initiative launched by the Japanese government is gaining traction in industrial circles. For Nidec, a company that used to be known for long hours and a gung-ho attitude, the shift toward a more efficient way of working started about three years ago. In order to win in the global competition, the company has set out to achieve "double productivity and zero overtime" by 2020.
Nidec is known for making active use of mergers & acquisitions (M&A) as a part of its management strategy. In this installment, Takamitsu Araki, senior vice president and general manager of Nidec's corporate strategy office, explains the company's M&A strategy and recipe for successful acquisitions.
Nidec Corporation announced today that the Company completed the acquisition of the compressor business (“Embraco”) of Whirlpool Corporation on July 2, 2019 (July 1, 2019 local time in Brazil) following the European Commission’s approval granted on June 26, 2019.
Nidec Corporation announced today that its Board of Directors has approved a resolution to acquire OMRON Automotive Electronics Co. Ltd. from OMRON Corporation. Through the Transaction, the Company will be able to create new module and systems products by combining Nidec's and OMRON Automotive Electronics’ products.
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.
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.
Nidec Corporation today announced that the Company has acquired 100% ownership of MS-Graessner GmbH & Co. KG and its group companies, a privately owned German company group from its owners on August 31, 2018 through Nidec-Shimpo GmbH which is the Germany-based affiliate of Nidec’s subsidiary, Nidec-Shimpo Corporation.
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.
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.
