After handing over the reins in June, Nidec Corp. founder and former Chief Executive Officer Shigenobu Nagamori is unimpressed with the manufacturer’s recent profitability and stock-market performance, going as far as to say the world’s top maker of mini motors is facing its biggest-ever business crisis.

Nagamori, 77, recently told his senior managers that they need to do more to boost Nidec’s business performance and share price, a person familiar with the matter said. Nagamori is known to regularly send such messages to employees of the company he founded in a shack in 1973.

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