KYOTO, Japan--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2023.
The highlights are as follows:
Net sales increased 4.8% Y/Y to ¥566.1 billion.
Operating profit increased 34.7% Y/Y to ¥60.2 billion, marking a record high on a quarterly basis.
P
Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (“Nidec” or the “Company”) announced today that AION Hyper GT, each unit equipped with a Nidec-produced E-Axle model, has been selected as the vehicle for AION, the GAC Group’s EV-dedicated brand, to commemorate the production of its 20 millionth new-energy vehicle. AION made this announcement during the ceremony to mark the occasion at its factory in
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it has acquired full ownership of TAR, LLC d/b/a Houma Armature Works, a privately- owned US company (“Houma”), from its founding family, through the Company’s subsidiary, Nidec Motor Corporation (“NMC”), on July 3, 2023 (US time) (the “Transaction”). As a result of the Transaction, Houma became a consolid
Tokyo and Kyoto, Japan – June 27, 2023 – SoftBank Corp. (TOKYO: 9434) (“SoftBank”) today announced that it and Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) have jointly developed a light-weight, high-efficiency, and high-reliability axial flux-type motor for High Altitude Platform Stations (“HAPS”). This newly developed motor also meets the specifications required for
Nidec Machine Tool Corporation (“Nidec Machine Tool” or the “Company”), a group company of Nidec Corporation, today announced that it will construct a new factory for Nidec India Precision Tools Ltd. (“NMTI”), the Company’s cutting tool manufacturer and seller in Ranipet of India’s Tamil Nadu State, to start production on Saturday, July 01. The new factory, with its production capacity 1.5 times
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has developed a proof of concept (PoC)*3 to realize an “Intelligent Motor® solution,” a system that the Company defined to adapt (i) Intelligent Motors®*1, which are equipped with microcomputers and data coupling and time synchronization functions, and (ii) products with an Intelligent Motor®, to digita
The Nidec Leroy-Somer Digistart soft starter has been upgraded and brings fresh features with the D4 and D5 ranges. The new series are designed to better meet the productivity needs of fixed-speed equipment, and incorporate the latest control and protection technologies as well as embedded intelligence functions. The new starters not only start and stop the machines accurately and efficiently, the
As part of its 50th anniversary celebrations, Control Techniques Italy have decided to focus their attention on issues of sustainability and circularity, by supporting an initiative that blends technology, innovation, and commitment to the environment.
Control Techniques, a part of the Nidec group, who are leaders in the design, development, and manufacture of high-performance and highly effic
Kyoto, Japan – June 18th, 2023 – Japan’s Nidec Corporation (TSE: 6594; OTC US: NJDCY) and Brazil’s Embraer (B3: EMBR3, NYSE: ERJ) today announced an agreement to establish a joint venture company, called Nidec Aerospace LLC (hereunder “JV”), to develop Electric Propulsion Systems for the aerospace sector. The transaction combines the complementary synergies and distinct areas of expertise of two w
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has successfully developed a new electric power steering motor power pack*1 (“EPS-PP”).
Nidec’s New Column-Type EPS-PP
Since the 1990’s, Nidec has been developing and manufacturing EPS motors, which are embraced by auto manufacturers around the world today.
There are two types of EPS: the “colu
June 5, 2023 ―Nidec Corporation (TSE: 6594; OTC US: NJDCY) and Renesas Electronics Corporation (TSE:6723) have agreed to join forces on the development of semiconductor solutions for a next-generation E-Axle (X-in-1 system) that integrates an EV drive motor and power electronics for electric vehicles (EVs).
Today’s EVs are increasingly adopting the 3-in-1 unit called E-Axle, which integra
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has been selected by the UK’s Clarivate Plc, a global information service provider, as a top 100 global innovator for 2023.
Since 2012, Clarivate Plc annually gives the “Clarivate Top 100 Global Innovator” award to organizations selected as the top 100 revolutionary companies and institutions leading
Nidec Corporation (hereinafter referred to as “the Company”) has held an opening ceremony for new factories in Novi Sad, Republic of Serbia (hereinaft referred to as“Serbia”).
1.Opening ceremony overview【Date】: Thursday, May 18, 2023, 10:00-12:00（local time）【Venue】: Novi Sad city, Serbia 【Main Attendees】: Aleksandar Vučić, President of the Republic of SerbiaTetsuya Tsubota, Charge d'Affaires a
Control Techniques have been designing and manufacturing quality variable speed drives (VSDs) for electric motors since 1973. Used by customers worldwide for commercial and industrial applications (e.g. Elevators, Robotics, Rollercoasters, and much more).
There is a reason that Control Techniques have been at the forefront of the drives industry for 50 years. They care about their customers and
KYOTO, Japan--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2023.
The highlights are as follows:
Net sales stood at a record high of ¥2,242.8 billion, 16.9% higher Y/Y.
Operating profit decreased 41.3% Y/Y to ¥100.1 billion due to structural
Nidec Advanced Motor Corporation (“Nidec Advanced Motor” or the “Company”) announced today that it has launched new dust- and water-proof quiet fans, the D1225R series.
The D1225R series, Nidec Advanced Motor’s latest dust- and water-proof quiet fans, employ resin molds for their internal structures, meet the IP68, the highest-level rating for dust, water, and other kinds of resistance, and can
Nidec Drive Technology Corporation (“Nidec Drive Technology”) announced today that is has launched ultra-flat actuators that house FLEXWAVE, a precision-control reducer, and a motor.
With society aging and the birthrate declining, there is a growing need for power assisting suits to support people at hard labor, senior citizens, and people with disabilities. Though still small, the power-assis
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it passed a resolution in the meeting of the Board of Directors held on March 15, 2023 (Japan time) on the purchase by Nidec Copal Electronics Corporation, a subsidiary of the Company, of all the shares of Midori Precisions Co., Ltd. (“Midori Precisions”), a company that develops, manufacturers, and sells
Nidec Sankyo Corporation (“Nidec Sankyo” or the “Company”) announced today that it has successfully developed a new duct damper for refrigerators.
Nidec Sankyo’s new duct damper for refrigerators
The refrigerator is a product that represents white goods, and its market is expected to grow for a long term as, in recent years, electricity infrastructure is being developed in China, India, and
Nidec-Shimpo Corporation (“Nidec-Shimpo”) announced today that it has added adopter-combined gear-head types to its FLEXWAVE series of precision control reducers currently on sale.
Nidec-Shimpo’s latest FLEXWAVE Gear Head Types
Since its June 2015 launch of FLEXWAVE precision control reducers for robots and machine tools, Nidec-Shimpo has, as of October 2022, shipped a total of more than one
