Nidec

Nidec Corporation

Company headquarters and Central Technical Laboratory
Native name	ニデック株式会社
Romanized name	Nidec kabushiki gaisha
Company type	Public KK
Traded as	TYO: 6594 TOPIX 100 Component
Industry	Electronic components
Founded	July 23, 1973; 50 years ago (1973-07-23)
Headquarters	338 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
Revenue	US$11.15 billion (FY 2017) (JPY 1199.3 billion) (FY 2017)
Net income	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)
Website	Official website
Footnotes / references ^[1]

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, Nihon 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]

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]

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History

Year	Month	Major Events
1973	July	Shigenobu 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.
1974	October	Opened a sales agent in the U.S. Relocated its head office to Omiya, Nakagyo-ku, Kyoto.
1975	April	Launched full-scale production of brushless DC motors.
1976	April	Established Nidec America Corp, a locally incorporated company.
1979	October	Started production of spindle motors for 8-inch hard disk device.
1984	February	Acquired 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.
1988	October	The company listed its stock on the second section of the Osaka Stock Exchange, and the Kyoto Stock Exchange.
1990	August	Established Nidec Electronics (Thailand) Co., Ltd., a locally incorporated company.
1992	February	Established Nidec (Dalian) Ltd., a locally incorporated company in China.
1993	April	Established Nidec Electronics GmbH, a locally incorporated company in Germany.
1995	December	Established Nidec Philippines Corp., a locally incorporated company.
1997	December	Established Nidec Tosok (Vietnam) Co., Ltd. through a joint investment with Tosok Corp.
1998	February	Established 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.
1999	December	Established Nidec Korea Corp., a locally incorporated company.
2001	September	Listed on the New York Stock Exchange.
2003	March	The building for the Head Office and Central Technical Laboratory was completed in Minami-ku, Kyoto
2006	December	Established Nidec Motors & Actuators by acquiring the motor and actuator business of Valeo S.A., a French company.
2010	January	Nidec 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.
2012	March	Established SC Wado Component (Cambodia) Co., Ltd. as the first operating base in Cambodia.
2023	April	Company 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.