e concerns that if the conflict drags on, it could affect global supply chains. Since December 7, operations in Poipet, Cambodia, near the Thai border, have been successively suspended. NHK Spring Co., Ltd. stopped operations since it was ordered in the afternoon of December 8 to evacuate the area. Nidec Corporation, which was also ordered to stop operations by the Poipet government, suspended operations since December 10. Yazaki Cambodia Product...

News  Updated at: 2025/12/16

Nidec commences production at Orchard Hub Campus in Hubli, Karnataka, India On November 19, Nidec Corporation began full-scale production at its Orchard Hub manufacturing campus in Hubli-Dharwad, Karnataka. The facility is in the Kotur-Belur Industrial Area and spans 50 acres. It supports Nidec’s operations in power generation, renewable energy, electric mobility, and industrial systems. The products manufactured at Orchard Hub include data cen...

News  Updated at: 2025/11/21

Nidec posts JPY 87 billion loss from automotive product business Nidec Corporation (Nidec) announced on November 14 that it has posted a loss of about JPY 87 billion in the automotive-related and other businesses. The company has incorporated provisions for contract losses and impairment losses. Nidec will also submit guidelines for its improvement plan in relation to inappropriate accounting practices disclosed among its group companies to the T...

News  Updated at: 2025/11/17

Nidec secures credit line totaling JPY 600 billion On November 4, Nidec Corporation (Nidec) announced that it has secured a credit line totaling JPY 600 billion. The company has secured fund-raising sources to stabilize its ongoing management turmoil. Nidec has entered into a commitment line agreement (unsecured and unguaranteed) with its main creditor banks, MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation, for JPY 300 billion each. The c...

News  Updated at: 2025/11/06

Tokyo Stock Exchange designates Nidec shares as “security on special alert” On October 28, the Tokyo Stock Exchange designated shares of Nidec Corporation (Nidec) as a “security on special alert”. It explained that Nidec’s internal management system must be improved, indicating that its audit company has issued a “disclaimer of opinion”. When a company is designated as a security on special alert, it undergoes a review of its intern...

News  Updated at: 2025/10/29

rs of Le Mans circuit. It is the brand’s first fully electric GTi badge. The car was developed by Peugeot Sport in Satory and styled in collaboration with Peugeot’s design team in Vélizy, France. The vehicle has powerful M4+ electric motor is built in Trémery, France, through the Stellantis–Nidec Emotors joint venture. The model delivers top performance in the electric hot hatch segment, with output of 280 hp and 345 Nm of torque. It acce...

News  Updated at: 2025/06/16

Nidec establishes new plant in Karnataka, India Nidec Corporation (Nidec) announced that Nidec Industrial Automation India Private Limited, a subsidiary under the Motion & Energy business division, has opened a new plant in Hubli-Dharwad, Karnataka. The new plant will have a total area of 200,000 square meters (currently approximately 121,000 square meters has been acquired, and 77,000 square meters is in the process of acquisition), with a plant...

News  Updated at: 2025/06/16

Nidec India helds groundbreaking ceremony of third manufacturing building in Neemrana On May 5, Nidec India Private Limited, a subsidiary of Nidec Corporation, held a groundbreaking ceremony for the construction of a third building at its existing manufacturing facility in Neemrana, Rajasthan. Located approximately 120 km southwest of New Delhi, the new building will cover a total floor area of 27,767 square meters and is scheduled for completion...

News  Updated at: 2025/05/20

Nidec withdraws TOB for Makino Milling Nidec Corporation (Nidec) announced on May 8 that it would withdraw the tender offer bid (TOB) for Makino Milling Machine Co., Ltd. (Makino Milling). The withdrawal comes with about two weeks remaining in the purchase period. With Makino Milling taking countermeasures, Nidec has determined that there is no economic rationale for continuing the TOB. Nidec said that it would start returning the tendered share ...

News  Updated at: 2025/05/13

Tokyo District Court rejects Nidec’s request for provisional injunction to halt countermeasures against TOB Nidec Corporation (Nidec) announced on May 7 that its petition for a provisional injunction to restrain a countermeasure against its tender offer bid (TOB) for Makino Milling Machine Co., Ltd. (Makino Milling) was rejected by the Tokyo District Court on the same day. Regarding Nidec’s nonconsensual takeover bid for Makino Milling, Makin...

News  Updated at: 2025/05/09

Nidec plans to reduce fixed costs to increase operating profit by 50% Nidec Corporation (Nidec), which has enjoyed rapid growth through its aggressive merger and acquisition strategy, will shift its business strategy. While the company’s sales target for the fiscal year that ends in March 2028 (FY 2027) is only a 10% increase from FY 2024 to JPY 2.9 trillion, the company plans to accelerate reorganization of its businesses and integration of it...

News  Updated at: 2025/05/01

Automotive companies to announce FY2024 financial results starting tomorrow Automotive companies are starting to announce their financial results for the fiscal year ended March 31, 2025. Announcements from Hino Motors, Ltd., Toyota Group medium-sized parts suppliers, and Nidec Corporation are scheduled on April 24, and announcements from Toyota Group major parts suppliers such as Denso Corporation and Aisin Corporation are scheduled on April 25....

News  Updated at: 2025/04/23

Successive moves to place TOBs on Japanese automotive parts suppliers There has been a flurry of takeover bids (TOBs) for Japanese auto parts manufacturers. Two contrasting TOB cases related to the parts industry are underway. One is between Nidec Corporation (Nidec) and Makino Milling Machine Co., Ltd. (Makino Milling), and the other is between MinebeaMitsumi Inc. (MinebeaMitsumi) and Shibaura Electronics Co., Ltd. (Shibaura Electronics). Nidec ...

News  Updated at: 2025/04/18

Nidec launches takeover bid for Makino Milling Machine without agreement On April 4, Nidec Corporation (Nidec) launched a takeover bid (TOB) to acquire the shares of Makino Milling Machine Co., Ltd. (Makino Milling Machine). Nidec has not received approval from Makino Milling Machine. Nidec’s First Senior Vice President Takamitsu Araki stated at a press briefing held in Tokyo on the same day, “We have requested a meeting many times, but we ca...

News  Updated at: 2025/04/07

Nidec to take over inverter business of Nidec Mobility Nidec Corporation (Nidec) announced that it will take over the inverter business of Nidec Mobility Corporation (Nidec Mobility), a wholly owned subsidiary of Nidec. Nidec will take over the inverter business through an absorption-type split. The aim is to efficiently use of its management resources, further strengthen its automotive business, and accelerate organic growth. The absorption-type...

News  Updated at: 2025/03/12

together policymakers, industry leaders, and investors. The event saw a total of 15 Japanese firms sign memorandums of understanding (MoUs) and pledge INR 75 billion to the Karnataka government. Toyota Kirloskar Motor Private Limited emerged as the largest investor, committing INR 37.48 billion. NIDEC Industrial Automation India Private Limited pledged INR 6 billion, while Toyota Kirloskar Auto Parts Pvt Ltd and Toyotetsu India Auto Parts Pvt ...

News  Updated at: 2025/02/13

Nidec and Noveon Magnetics enter agreement for rare earth magnets On February 3, Nidec Motor Corp. and Noveon Magnetics announced a 5-year, binding off-take agreement with the potential to supply more than 1,000 tons of total off-take of finished sintered NdFeB rare earth magnets, supporting Nidec's operations across critical industries including automation, industrial, and defense applications with deliveries beginning in 2025. "As a leading glo...

News  Updated at: 2025/02/04

Nidec inaugurates USD 23 million expansion in Mexico On January 20, Nidec inaugurated its expanded facility in Reynosa, Mexico, following a USD 23 million investment announced in July 2024. The plant is now ready to begin operations, marking a significant milestone in Nidec's 20 years of successful presence in Reynosa.  The project is expected to generate 384 new jobs, enhancing the company's industrial leadership in the region.  This expansion...

News  Updated at: 2025/01/24

Nidec subsidiary develops electric clutch ECU for two-wheeler Nidec Corporation (Nidec) announced that its subsidiary Nidec Mobility Corporation (Nidec Mobility) has developed the electric clutch ECU for two-wheel vehicles, which enables the rider to shift gears without using the clutch lever. The newly developed electric clutch ECU automatically controls the manual transmission (MT) clutch of two-wheel vehicles, and the rider can shift between t...

News  Updated at: 2024/11/22

Renesas and Nidec develop 8-in-1 PoC for e-Axles Renesas Electronics Corporation (Renesas Electronics) announced that it has jointly developed with Nidec Corporation (Nidec) the world’s first 8-in-1 proof of concept (PoC) for e-Axle systems for electric vehicles (EVs), which controls eight functions using a single microcontroller (MCU). Together with the motor and gear from Nidec, the eight functions controlled in this PoC include the inverter ...

News  Updated at: 2024/11/19