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Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2023

Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 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 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/

Nidec and Embraer receive approval for joint venture to develop Electric Propulsion System for aerospace sector

Nidec and Embraer receive approval for joint venture to develop Electric Propulsion System for aerospace sector

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 Develops New EOP to Cool EV Traction Motor System E-Axle

Nidec Power Train Systems Develops New EOP to Cool EV Traction Motor System E-Axle

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 Launches EV Motor Test Benches TDAS-1202P and TDAS-2032P for Motors with up to 20,000rpm and 700Nm

Nidec Advance Technology Launches EV Motor Test Benches TDAS-1202P and TDAS-2032P for Motors with up to 20,000rpm and 700Nm

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 inverter
Uniaxial Test Bench TDAS

Nidec Instruments Develops a New TiltAC, an Image-stabilizing Module for Smartphone Cameras

Nidec Instruments Develops a New TiltAC, an Image-stabilizing Module for Smartphone Cameras

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

Nidec and Verkor: Strategic partners for the expansion of stationary energy storage solutions

Nidec and Verkor: Strategic partners for the expansion of stationary energy storage solutions

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 Selected as One of 20 Japanese Companies in the “World’s Best Companies 2023” Analysis Jointly Conducted by TIME and Statista

Nidec Selected as One of 20 Japanese Companies in the “World’s Best Companies 2023” Analysis Jointly Conducted by TIME and Statista

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

Three Nidec Companies to Exhibit Boring Machine, Machining Centers, and Gear Machine at EMO 2023, Aiming to Expand Their Shares in European Machine Tool Market

Three Nidec Companies to Exhibit Boring Machine, Machining Centers, and Gear Machine at EMO 2023, Aiming to Expand Their Shares in European Machine Tool Market

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’s Motion & Energy India holds Groundbreaking Ceremony for greenfield project in Karnataka India, plans to invest Rs 450 Cr ($55M)

Nidec’s Motion & Energy India holds Groundbreaking Ceremony for greenfield project in Karnataka India, plans to invest Rs 450 Cr ($55M)

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 20

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For Everything That Spins and Moves

​Nidec was established in Kyoto, Japan in 1973 by its Chairman Shigenobu Nagamori. In 1979, Nidec became the first company in the world to successfully commercialize a direct drive spindle motor for HDDs based on a brushless DC motor. Since then, the company has grown into a world-leading comprehensive motor manufacturer encompassing approximately 300 subsidiaries employing over 100,000 people throughout the world and with annual sales exceeding $10B. Nidec's motors, drives, generators and related products are found in a diverse range of applications including computers, smartphones, home appliances, automobiles, manufacturing plants, robots and more.

Nidec

Nidec head office (Kyoto, Japan)
338 Kuzetonoshiro-cho, Minami-ku 601-8205 Kyoto
Japan