Commentary / Japan Apr 29, 2022
Japan’s aging billionaires think they are indispensable. That’s a problem.
by Gearoid Reidy
Japan's aging and hard-working corporate founders don’t know when to walk away.
Business / Corporate Apr 21, 2022
Nidec reappoints chairman Shigenobu Nagamori as CEO as it posts 17% fall in profit
Electric motor-maker Nidec Corp. posted a 17% drop in fourth quarter operating profit and announced a change in leadership Thursday.
Business / Corporate Jan 25, 2022
Nidec founder sours on CEO successor after less than a year
by Yuki Furukawa
Chairman Shigenobu Nagamori says it was naive of him to bring in someone from outside and appoint that person as successor, sources say.
Business / Corporate Sep 14, 2021
Unhappy with profitability, Nidec founder pushes on targets
by Yuki Furukawa and River Davis
Nagamori recently told his senior managers that they need to do more to boost Nidec’s business performance
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 Sep 10, 2018
Under visionary Shigenobu Nagamori, precision motor-maker Nidec sees EVs driving future profits
by Makiko Yamazaki
Since starting Nidec in 1973 in a tiny Kyoto shed with just three workers, Shigenobu Nagamori has built it into the world's top maker of precision motors and became one of Japan's most venerated business leaders. Nagamori guided Nidec past Nissan and Panasonic in market ...
Commentary / Japan Sep 7, 2018
Are robots all hype? Nidec may have the answer
by Anjani Trivedi
Motor maker Nidec, a bellwether for manufacturing trends, has been investing heavily in automation.
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 Jan 26, 2017
Japanese motor maker Nidec Corp. said Thursday it plans to invest ¥100 billion ($878 million) on robots and supercomputers to eliminate overtime work for its 10,000 group employees in Japan by 2020. The company, which commands a high global market share for small precision motors, ...
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 May 29, 2015
Nidec's 70-year-old CEO plans to run company 15 more years
by Jason Clenfield and Masatsugu Horie
Shigenobu Nagamori plans to lead Nidec Corp. until he hits his latest financial target, a 10-fold increase in revenue he expects by 2030. He'll be 85 then. One of Japan's rare mergers and acquisitions specialists, Nagamori became a billionaire by cobbling together 41 companies to ...