Business Apr 27, 2021
Billionaire founder of Nidec hands reins to ex-Nissan star
by River Davis and Yuki Furukawa
Shigenobu Nagamori is stepping down almost half a century after founding his pioneering motor maker on the family farm.
Business / Corporate Jan 26, 2021
Nidec to buy back shares as outlook improves and profit, sales top estimates
The manufacturer raised its operating income forecast for the current fiscal year to ¥155 billion, up from ¥140 billion and an average projection by analysts of ¥149 billion.
Business / Corporate Jan 12, 2021
World’s top maker of tiny motors has sights on Tesla as EVs gather pace
by River Davis and Yuki Furukawa
Although most who use its products don’t know its name, Nidec’s motors are used in about 85% of the world’s hard drives and it controls almost half of the global market for brushless motors.
Business / Corporate Oct 27, 2020
Canon and Nidec outlooks offer early hints for Japan blue chips
by Gearoid Reidy
Canon is forecasting operating profit 42% higher than the figure it gave previously, while Nidec has lifted its outlook by 12%.
Business / Corporate Feb 3, 2020
Japan's Nidec betting on electric cars and acquisitions to triple sales: sources
by Norihiko Shirouzu
Nidec Corp. plans to more than triple its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, according to two people familiar with the matter. The world's leading maker of precision motors and a supplier of ...
Business / Corporate Dec 25, 2019
Nissan Motor Co. said Wednesday its third-highest-ranked executive is leaving the company, in an abrupt move that deals yet another blow to the scandal-plagued Japanese carmaker. Nissan said in a statement it accepted the resignation but did not disclose the reasons for the departure of ...
Business / Corporate Jun 20, 2018
Japanese electric motor maker Nidec names new president, Nagamori to stay as CEO and board chairman
Nidec Corp. said Wednesday that Chairman Shigenobu Nagamori will remain CEO of the major electric motor maker but that he has given up his concurrent post of president. Executive Vice President Hiroyuki Yoshimoto, 50, has replaced Nagamori as president, in the Kyoto-based manufacturer's first change ...
Business / Corporate Aug 3, 2016
Precision motor-maker Nidec Corp. has agreed to pay $1.2 billion (about ¥120 billion) for the motors, drives and electric power generation business of Emerson Electric Co., adding customers in Europe and North America in its largest purchase ever. The all-cash deal includes France-based Leroy Somer ...
Business / Corporate Jul 17, 2015
Ambition and ego: Inside Nagamori's Nidec
by Jason Clenfield and Masatsugu Horie
Ambition matters more than brains in Shigenobu Nagamori's world. As chief executive officer of Japanese motor maker Nidec, Nagamori is known for his eccentric management style. Prospective employees have faced off against each other in eating and shouting competitions; new hires at headquarters in Kyoto ...
Business / Corporate Sep 26, 2013
Precision motor manufacturer Nidec Corp. said Thursday it will buy out a Mitsubishi Materials Corp. subsidiary that makes motors for automobiles as it prepares to jump into the growing market for such products. The acquisition of Mitsubishi Materials C.M.I. Corp. will enhance Nidec's product lineup, ...