Nidec Corporation

Company Profile

■URL

https://www.nidec.com/en/

■Address

338 Kuzetonoshiro-cho, Minami-ku, Kyoto 601-8205, Japan

Business Overview

-Has world’s top market share of both brushless DC motors and motors for automotive power steering, according to the Company’s data.

-Its products are in the following groups: precision small motors; products for automobiles, home appliances, commercial use, and industrial use; and parts for machine devices, electronics, and optics. Its automotive products include automotive motors (electric power-steering motors, brake motors) in-vehicle cameras, control valves, electric oil pumps.

-In the fiscal year that ended in March 2023, automotive products accounted for 24.8% of sales.

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Business Overview of Japanese Suppliers in 2024	Featured report

Shareholders

-Listed on the Prime Market of the Tokyo Stock Exchange

(As of Mar. 31, 2024)

Name or Company Name	Investment Ratio (%)
The Master Trust Bank of Japan, Ltd. (Trust Account)	13.39
Individual shareholder	8.60
Custody Bank of Japan, Ltd. (Trust Account)	5.12
Bank of Kyoto, Ltd.	4.31
S.N. Kosan	3.52
MUFJ Bank, Ltd.	2.58
Nippon Life Insurance Company (Standing proxy: The Master Trust Bank of Japan, Ltd.)	2.28
Meiji Yasuda Life Insurance Company (Standing proxy: Japan Custody Bank)	2.22
THE BANK OF NEW YORK MELLON 140042	1.94
SSBTC CLIENT OMNIBUS ACCOUNT (Standing proxy: The Hong Kong and Shanghai Banking Corporation: Tokyo Branch)	1.70
Total	45.68

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Products

Nidec
-E-Axle
-In-wheel motor
-Motors
-Control valves
-Hydraulic solenoid valves
-Electric water pumps
-Electric oil pumps
-Electric actuators
-Millimeter wave radar units

NIDEC Motors & Actuators (Germany) GmbH
-Motors
-Actuators

NIDEC POWERTRAIN SYSTEMS
-Control valves for CVTs and ATs
-Linear Solenoid
-Duty Solenoid
-Linear Solenoid
-ON/OFF Solenoid
-Electric Oil Pump
-Electric Actuator

Nidec GPM
-Electrical water pumps
-Mechanical water pumps
-Electrical oil pumps
-Mechanical oil pumps
-Transmission oil pumps
-Switchable water pump
-Fully variable water pump
-Controlled water pump
-Thermal management module

NIDEC INSTRUMENTS
-Stepping motors
-Ultra wide angle lens units
-Wide angle lenses
-Super-wide angle lenses
-Precision plastic parts
-Head-up display mirror drive unit
-Throttle actuator
-Suspension actuator

Nidec Elesys
-ISF (Millimeter wave radar unit)
-LKAS (Lane keep assist systems)
-ODS (Occupant detection systems)
-ABS ECU
-Power steering ECU
-VSA (Vehicle stability assist unit)
-ESB (Electric servo brake units)
-Traction invertors
-ECUs for rear tires, left-right independent steering
-Multifunctional camera
-Sensor fusions

NIDEC COMPONENTS
-Polygon laser scanner

Nidec Mobility
-Body control module
-Power window switch with an anti-pinching function
-Security entry products
-Electric power steering unit
-DC-DC converter for the idling stop system
-DC-DC converter for xEVs
-Seat-position, steering position controllers
-Seat temperature controllers
-Auto-light units

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History

July 1973	Established Nippon Densan Corporation (currently Nidec Corporation) in Nishikyo-ku, Kyoto.
Aug. 1973	Started production and sales of small precision AC motors.
Oct. 1984	Established the Shiga Plant (currently Nidec Siga Technical Center).
Nov. 1988	Listed its stock on the second section of the Osaka Stock Exchange, and the Kyoto Stock Exchange.
Mar. 1997	Took a stake in Tosok Corp.
Dec. 1997	Established Nidec Tosok (Vietnam) Co., Ltd.
Sept. 1998	Listed the stock on the first section of the Tokyo Stock Exchange and the first section of the Osaka Stock Exchange.
Sept. 2001	Listed on the New York Stock Exchange.
May 2003	Relocated its Head Office and opened the Central Technical Laboratory.
Oct. 2003	Took a stake in Sankyo Seiki Mfg. Co., Ltd. (currently Nidec Sankyo Corporation)
Feb. 2006	Established Nidec Automobile Motor (Zhejiang) Corp., a locally-incorporated company in China.
Dec. 2006	Established Nidec Motors & Actuators by acquiring the motor and actuator business of Valeo S.A.
Nov. 2009	Opened Shiga Technical Center's new main building.
Sep. 2010	Established Nidec Motor Corporation by acquiring the Motors & Controls business of Emerson Electric Co., an American company. Established Nidec Motor Holdings Corporation as its holding company.
Dec. 2010	Established Nidec India Private Limited as its sales subsidiary in India.
Apr. 2012	Established the Nidec Research and Development Center, Singapore in Singapore.
June 2012	Established Nidec Research And Development Center.
Sept. 2012	Established the Nidec Research and Development Center, Taiwan in Taiwan.
Oct. 2012	Nidec Sankyo Corporation acquired Korean manufacturer SCD Co., Ltd.
Dec. 2012	Took a stake in Nidec Kaiyu Auto Electric (Jiangsu) Co., Ltd.
Apr. 2013	Nidec Corporation establishes Nidec Automotive Motors Americas Corporation in the US to integrate its automotive motor business in the country’s market.
Jan. 2014	Nidec Sankyo Corporation purchases Mitsubishi Materials C.M.I. Corporation. (currently Nidec Sankyo CMI Corporation)
Jan. 2014	Nidec Research and Development Center, Japan opens its new building in Kawasaki, Kanagawa, Japan.
Mar. 2014	Purchased Honda Elesys Co., Ltd. (Currently Nidec Elesys Corporation)
Feb. 2015	Acquired Gerate-und Pumpenbau GmbH Dr. Eugen Schmidt based in Germany (currently Nidec GPM GmbH).
Jul. 2015	Acquired China Tex Mechanical & Electrical Engineering Ltd.’s SR motor drive business (Renamed the company to Nidec (Beijing) Drive Technologies Co., Ltd.)
Sep. 2015	Nidec Sankyo acquired PT. Nagata Opto Indonesia.
Oct. 2015	Opened "Nidec Institute for Industrial Science".
May 2016	Withdrew listing on the New York Stock Market.
Dec. 2016	Acquired Canton Elevator, Inc. based in the USA.
Jan. 2017	Acquired the motor-drive business of Emerson Electric Co. based in the USA; and the electric generator business from the current Nidec Leroy-Somer Holding and Nidec Control Techniques Limited.
Mar. 2017	Opened the Headquarters ANNEX Global R&D Center
Mar. 2017	Acquired Vamco International, Inc. based in the USA.
Mar. 2017	Unified the Group’s corporate brand to Nidec
Jul. 2017	Acquired LGB Ellettropompe S.r.l based in Italy.
Jul. 2017	Acquired Germany-based Secop Group (currently Nidec Global Appliance Compressor Company)
Oct. 2017	Nidec Sankyo acquired the operations of Tokyo Maruzen Industry, Co., Ltd
Nov. 2017	Acquired DriveXpert GmbH, a company based in Germany
Feb. 2018	Opened a new production engineering wing in Seika, located in the Soraku area of Kyoto Prefecture.
Apr. 2018	Acquired Genmark Automation, Inc., a company based in the USA.
May. 2018	Established Nidec PSA emotors as a joint venture with PSA of France, to manufacture automotive traction motors.
Jul. 2018	Acquired CIMA S.p.A., a company based in Italy.
Aug. 2018	Acquired MS-Graessner GmbH & Co. KG, a company based in Germany.
Nov. 2018	Completion of tender offer for shares of Chaun-Choung Technology Corp., Taiwan
Feb. 2019	Acquired Systeme + Steuerungen GmbH, a company based in Germany.
Mar. 2019	Acquired DESCH Antriebstechnik GmbH & Co. KG, a company based in Germany.
Jul. 2019	Acquired Embraco, the compressor business of Whirlpool of the USA.
Oct. 2019	Established Guangzhou Nidec Automobile Drive System Co., Ltd. in China, a joint venture with Guangzhou Automobile Group Co., Ltd., to manufacture automotive traction motors.
Oct. 2019	Acquired Omron Automotive Electronics, establishing it as Nidec Mobility Corporation.
Nov. 2019	Acquired Roboteq, Inc. of the USA
Jun. 2020	Acquired the Delta-type compressor business operations of Secop Austria GmbH
Aug. 2021	Took over Mitsubishi Heavy Industries’ Machine Tool Co., Ltd., renaming it Nidec Machine Tool Co., Ltd.
Feb. 2022	Invested in OKK Co., Ltd.
Dec. 2022	Established Nidec Energy AS jointly with Freyr Battery of Norway.
Feb. 2023	Acquired PAMA S.p.A based in Italy.
Mar. 2023	Nidec Copal Electronics (currently Nidec Components Co., Ltd.) acquired Midori Precisions
Apr. 2023	Adopted the corporate name Nidec Co., Ltd., with subsidiaries in Japan adding the name to their corporate names.