Nidec

2 August 2023 02:55

Nidec Completes Acquisition of Automatic Feed Company and Related 2 Companies, US-based Press Machine Equipment Manufacturers

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

17 June 2023 16:00

Nidec and Embraer announce joint venture agreement to develop Electric Propulsion System for emerging aerospace industry

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

5 June 2023 03:41

Nidec and Renesas Collaborate on Semiconductor Solutions for Next-Generation E-Axle for EVs

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

24 April 2023 02:15

Nidec Announces Financial Results for Fiscal Year Ended March 31, 2023

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

15 March 2023 02:31

Nidec Executes Stock Transfer Agreement on Nidec Copal Electronics’ Acquisition of Midori Precisions

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

Rendering of the finished new factory, Nidec Electric Motor Serbia

10 December 2021 07:12

Nidec Holds Groundbreaking Ceremony to Mark the Construction of New Factory in Serbia

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today held a ceremony of laying the foundation stone for the construction of its new factory in Novi Sad, Serbia.

1.Groundbreaking Ceremony
Today’s event, held at the factory constuction site in the city of Novi Sad in Serbia, was attended by the President of the Republic of Serbia Mr. Aleksandar Vučić, the Mayor of

17 November 2021 23:35

Nidec to Execute a Capital Alliance Agreement to Purchase Stake in OKK Corporation via Third-party Share Allocation

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved, among others, a resolution to purchase the shares of OKK Corporation (“OKK”) through a third-party allocation of common shares in a meeting of the Board of Directors held on November 18, 2021 (Japan time) (the “Share Purchase”), and that the Company has executed a capit

26 July 2021 05:11

Nidec announced its first-quarter financial results and the mid-term strategic goal Vision2025

Nidec Corporation ― the world's No.1 comprehensive motor manufacturer ― announced its first-quarter financial results and the mid-term strategic goal Vision2025.
Download the full presentation

Summary of Q1 FY2021

Net sales stood at a record high of ¥447.5 billion, 32.8% higher Y/Y. Operating profit significantly increased 60.3% Y/Y to ¥44.6 billion.
Q1 q

15 April 2020 03:48

Nidec Dominates Institutional Investor’s Annual Rankings of Best IR Companies in Japan

Nidec Corporation ranked No.1 in all 4 categories, which are Best CEOs, Best CFOs, Best IR Professionals, Best IR Programs in the Electronics/Components business sector on Institutional Investor’s 2020 All-Japan Executive Team. This is the eighth consecutive year of being ranked No.1 on Institutional Investor’s All-Japan Executive Team rankings.
2020 All-Japan Executive Team is a survey execute

31 March 2020 21:39

Nidec to acquire the Delta production line from Secop Austria

Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced today that it has signed a definitive agreement with Secop Austria GmbH on March 31, 2020, by which Nidec will acquire the Delta production line from Secop through the Company’s sub-subsidiary Nidec Global Appliance Italy S.r.l. and its Austrian company.

2 March 2020 01:00

Monthly Nidec Report - Nidec's CSR

As the world unites behind the goal of "realizing a sustainable society," Corporate Social Responsibility (CSR) becomes more important than ever. Against this backdrop, the Nidec group is strengthening its efforts in the three areas of environmental, social, and governance, in addition to its core mission of striving to provide products and services that contribute to overcoming societal challe

7 February 2020 01:15

Summary of Statements Made at the Press Conference held on February 4

On February 4, 2020 Nidec held a press conference about the personnel changes resolved at a meeting of the board of directors held on the same day. The following is a summary of the statements made by the speakers at the press conference.

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