KYOTO, Japan--Nidec Corporation (TOKYO:6594) (OTC US:NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2023 through September 30, 2023.
The highlights are as follows:
First half net sales stood at a record high of ¥1,160.7 billion, 2.6% higher Y/Y.
First half operating profit increased 20.1% Y/
The 4th of October signifies a momentous milestone in the history of Control Techniques. It marks 50 years of innovation, growth, and engineering excellence. In half a century we have grown from 3, to over 1900 employees, working in 4 manufacturing sites, 5 R&D sites and 23 drive centers worldwide.
Control Techniques’ achievements would not have been possible without its customers, so a big
Kyoto, Japan, October 6th, 2023 - Japan’s Nidec Corporation (TSE: 6594; OTC US: NJDCY) and Brazil’s Embraer (B3: EMBR3, NYSE: ERJ) welcome the unconditional approval from all necessary regulatory authorities for the establishment of their joint venture, Nidec Aerospace LLC. The transaction combines the complementary synergies and distinct areas of expertise of two world-class engineering conglomer
Nidec Power Train Systems Corporation (“Nidec Power Train Systems” or the “Company”), a wholly owned subsidiary of Nidec Corporation, announced today that it has developed a new electric oil pump (“EOP”) to cool E-Axle, the traction motor system for EVs.
Nidec Power Train System’s EOP for the Traction Motor System, E-Axle
As demands grow for, among others, a smaller and lighter traction moto
Nidec Advance Technology Corporation (“Nidec Advance Technology” or the “Company”) today announced the launch of the external sale ofTDAS-1202P, a uniaxial test bench to evaluate the performance of EV traction motor units, and TDAS-2032P, a biaxial test bench to evaluate the performance of E-Axle, the EV traction motor system that houses a motor, a gear, and an inverterUniaxial Test Bench TDAS-120
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) announced today that Nidec Instruments Corporation (“Nidec Instruments”), a wholly owned subsidiary of the Company, has developed a new TiltAC®, an image-stabilizing module for smartphone cameras.
Nidec Instruments’ Latest TiltAC®
At present, 1.3 billion smartphones are shipped annually in the world, and almost all of them are equi
CONTROL TECHNIQUES EXPERTS DISCUSS THE FUTURE OF WATER SUSTAINABILITYPumps are at the heart of every water installation and drive manufacturers are continuously innovating to support the industry and help reduce operating costs as well as improve efficiency. Energy and water have several characteristics in common; they are both essential to modern life; diminishing resources pose a global challeng
The partnership will begin immediately with qualification and testing in order to provide battery energy storage system (BESS) clients with adapted solutions as soon as possible. Verkor will supply cells from its manufacturing facility in Dunkirk to Nidec. Verkor proposes a battery cell and module supply of 450 MWh/year in 2025, increasing to 3GWh/year, with a goal to provide a cumulative 10 GWh
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) announced today that it has been selected as one of the 20 Japanese companies (among 750 businesses in the world) in “World’s Best Companies 2023,” the first comprehensive analysis jointly conducted by TIME, a US weekly magazine, and Statista, a German operator of one of the world’s largest data platforms, to identify top-performing comp
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) announced today that Nidec Machine Tool Corporation, Nidec OKK Corporation, and PAMA S.p.A. (“PAMA”) – the three companies in the Nidec Group’s machine tool business – will exhibit their products at European Machine Tool Exhibition (EMO) 2023, one of the world’s four major machine tool exhibitions, to be held in Hannover, Germany from Se
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec Group”) announced today that Nidec Industrial Automation India Private Limited, one of its subsidiaries, has held a groundbreaking ceremony for a new factory Campus in Hubli-Dharwad, Karnatakain the Republic of India (“India”).
1. About the Groundbreaking Ceremony:Time & date: 12.00PM to 1.00PM on Tuesday, 5thSeptember 2023 (local ti
MULTI-AWARD-WINNING DRIVE TRIUMPHS AGAIN INNOVATIVE TECHNOLOGY AND MANUFACTURING EXCELLENCE
Launched in April 2022, Commander S has gone on to win multiple awards in its short lifespan, and we are pleased to announce that our reliable, easy-to-use and cost-effective electric drive has triumphed again. Breaking away from the traditional method of drive interaction, Commander S is the world’s fir
Nidec Powertrain Systems Corporation (“Nidec Powertrain Systems” or the “Company”), a wholly owned subsidiary of Nidec Corporation, announced today that it has developed a new clutch control module for hybrid electric vehicles (“HEVs”).
Nidec Powertrain Systems’ Latest Clutch Control Module
While the demand for battery electric vehicles (BEVs) is increasing amid the growingly strict environm
Nidec Instruments Corporation (“Nidec Instruments”), a wholly owned subsidiary of Nidec corporation, today announced the release of its latest semiconductor wafer transfer robot.
Nidec Instruments’ Latest Semiconductor Wafer Transfer Robot, SR7163 series
Despite a temporary slowdown in 2023, the global semiconductor market is expected to expand from 2024 after demand recovers in a wide varie
Nidec Power Train Systems Corporation (the “Company”) announced today that it has successfully developed a new electric oil pump for automotive CVT (continuously variable transmission) systems.
Nidec Power Train Systems’ New Electric Oil Pump
This latest product is used to supply oil pressure to the CVT system of a vehicle in the idling-stop mode, and support a car’s engine-driven mechanical
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has acquired full ownership of Automatic Feed Company, Lasercoil Technologies LLC, and Automatic Leasing Company, privately- owned US companies (collectively the “Target”), from its founding family on August 1, 2023 (the “Transaction”). As a result of the Transaction, the Target became a consol
Thanks to a strong experience resulting from close partnerships with end-users and OEMs, Nidec Leroy-Somer is offering Powerdrive MD Smart, an all-inclusive ready-to-use drive in line with the expectations of the major players in the process market segment. Compact and robust, this 100%-connected new generation drive includes all equipment needed for protecting, controlling, interfacing and runnin
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
