Nidec

Nidec Corporation (ニデック株式会社, Nidekku Kabushiki gaisha), formerly known as Nippon Densan Corporation (日本電産株式会社, Nohon Densan Kabushiki gaisha), is a Japanese manufacturer and distributor of electric motors. Their products are found in hard-disk drives, electric appliances, automobiles and commercial and manufacturing equipment. The company has the largest global market share for the tiny spindle motors that power hard-disk drives.[2][3]

Nidec Corporation
Native name
ニデック株式会社
Nidec kabushiki gaisha
TypePublic KK
TYO: 6594
TOPIX 100 Component
IndustryElectronic components
FoundedJuly 23, 1973 (1973-07-23)
Headquarters338 Kuzetonoshiro-cho, Minami-ku, Kyoto 601-8205, Japan
Key people
Shigenobu Nagamori (CEO)
Products
  • Small precision motors
  • Automotive motors
  • Home appliance motors
  • Commercial and industrial motors
  • Motors for machinery
  • Electronic and optical components
RevenueIncrease US$11.15 billion (FY 2017) (JPY 1199.3 billion) (FY 2017)
Increase US$1.04 billion (FY 2017) (JPY 111.7 billion) (FY 2017)
Number of employees
Nidec Corporation: 2,392 (as of March 31, 2017) Consolidated: 107,062 (as of March 31, 2017)
WebsiteOfficial website
Footnotes / references
[1]

The two product groups with the largest sales are hard-disk drive motors and automotive products with 16% and 22% of sales, respectively.[1]

As of 2017, the company has 296 subsidiaries companies located across Japan, Asia, Europe and the Americas.[4] Nidec is listed on the first section of the Tokyo Stock Exchange[5] and is a constituent of the TOPIX 100 stock market index.

The company was number 42 on the 2005 edition of the Businessweek Infotech 100 list.[6] Also Nidec was featured on the 2014 Forbes World's Most Innovative Companies list.[7]

History
YearMonthMajor Events
1973JulyShigenobu Nagamori, current chairman of the board, president and CEO, established Nippon Densan Corporation (now Nidec Corporation) in Nishikyo-ku, Kyoto with a capital of 20 million yen.
1974OctoberOpened a sales agent in the U.S. Relocated its head office to Omiya, Nakagyo-ku, Kyoto.
1975AprilLaunched full-scale production of brushless DC motors.
1976AprilEstablished Nidec America Corp, a locally incorporated company.
1979OctoberStarted production of spindle motors for 8-inch hard disk device.
1984FebruaryAcquired the axial-flow fan business from American company Torin Corporation, and established the locally incorporated company Nidec Torin Corporation in America. Started production of spindle motors for 3.5-inch hard disk device.
1988OctoberThe company listed its stock on the second section of the Osaka Stock Exchange, and the Kyoto Stock Exchange.
1990AugustEstablished Nidec Electronics (Thailand) Co., Ltd., a locally incorporated company.
1992FebruaryEstablished Nidec (Dalian) Ltd., a locally incorporated company in China.
1993AprilEstablished Nidec Electronics GmbH, a locally incorporated company in Germany.
1995DecemberEstablished Nidec Philippines Corp., a locally incorporated company.
1997DecemberEstablished Nidec Tosok (Vietnam) Co., Ltd. through a joint investment with Tosok Corp.
1998FebruaryEstablished P.T. Nidec Indonesia, a locally incorporated company.[Sep]Listed on the first section of the Tokyo Stock Exchange.

Listed on the first section of the Osaka Stock Exchange.

1999DecemberEstablished Nidec Korea Corp., a locally incorporated company.
2001SeptemberListed on the New York Stock Exchange.
2003MarchThe building for the Head Office and Central Technical Laboratory was completed in Minami-ku, Kyoto
2006DecemberEstablished Nidec Motors & Actuators by acquiring the motor and actuator business of Valeo S.A., a French company.
2010JanuaryNidec Techno Motor Holdings Corporation acquired the home appliance motor business of Appliances Components, an Italian home appliance manufacturer. Started Nidec Sole Motor Corporation S.R.L.[Dec]Established Nidec India Private Limited as its sales subsidiary in India.
2012MarchEstablished SC Wado Component (Cambodia) Co., Ltd. as the first operating base in Cambodia.
2023AprilCompany name changed to Nidec Kabushiki gaisha

Nidec acquisitions
  • Nidec ASI. In 2012 Nidec acquired Ansaldo Sistemi Industriali S.p.A. which became Nidec ASI.[8] Since 2012 Nidec ASI has been involved in comprehensive drive technology. As a part of the Nidec Group, the core business of Nidec ASI S.p.A. includes energy, marine, metals, oil & Gas and general industry (cement, water treatment, rubber and plastic, materials handling, glass, ceramics, paper and ropeway). Since 2014, Giovanni Barra has been CEO of Nidec ASI[9]
  • Nidec Leroy-Somer. On January 31, 2017, Nidec acquired Leroy-Somer from Emerson Electric which became Nidec Leroy-Somer Holding.[10][11]
  • Nidec Global Appliance Compressors GmbH. On July 31, 2017, Nidec acquired Secop GmbH, a German hermetic compressor manufacturer from Aurelius Equity Group, expanding further into the refrigeration market.[12] Since April 28, 2018, Nidec has entered into an agreement with Whirlpool Corporation to acquire the refrigeration compressor business of Embraco.[13] In response to antitrust concerns, in 2019 Nidec sold Secop.[14]
  • In November 2018, Nidec became a shareholder of Nidec Chaun-Choung Technology Corporation, a long-established cooling company in Taiwan. In December 2019, it again announced that it would increase its shareholding from 49.01% to 53.48%, and reached 67% shareholding in December 2020.

References
  1. "Company Profile". Nidec. Retrieved December 4, 2017.
  2. "Nidec Corporation Company Profile". Hoovers. Retrieved February 2, 2015.
  3. "Nidec Corporation Snapshot". Bloomberg Businessweek. Retrieved February 2, 2015.
  4. "Nidec Corporation CSR Report (2017)" (PDF). Nidec. Retrieved December 4, 2017.
  5. "Nidec Corporation Stock Data". Japan Exchange Group. Archived from the original on February 3, 2015. Retrieved February 2, 2015.
  6. "The Future of Technology: The Big Trends Ahead and Our Ranking of the Top 100 Info Tech Companies". Bloomberg Businessweek. 2005. Archived from the original on June 12, 2005. Retrieved February 2, 2015.
  7. "The World's Most Innovative Companies". Forbes. Retrieved February 2, 2015.
  8. Nidec ASI official web site
  9. "Nidec-Asi, il nuovo ad è Barra: Gemme vicepresidente". The Medi Telegraph. May 20, 2014. Retrieved April 15, 2016.
  10. "Nidec Completes Acquisition of Leroy-Somer". Emerson Electric. February 1, 2017. Retrieved July 25, 2017.
  11. Nidec Leroy-Somer Holding
  12. Corporation, Nidec. "Nidec Completes Acquisition of Secop Group (Secop Holding GmbH and Other 3 Entities), a German Compressor Manufacturer". GlobeNewswire News Room. Retrieved 2018-06-05.
  13. "Nidec to Acquire Whirlpool Corporation's Compressor Business - NASDAQ.com". NASDAQ.com. Retrieved 2018-06-06.
  14. "Nidec to Sell Its Secop Compressor Business to ESSVP IV – Advised by Orlando Management AG | Secop". www.secop.com. Retrieved 2019-10-30.



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