Nidec Corporation

Company Profile

■URL

http://www.nidec.com/en-Global/

■Address

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

Business Overview

-The Company has the leading share in the global brushless motor market, and the largest market share of automotive power steering motors, according to the Company's publications.

-The production groups consist of the following product areas: Small precision motors; Automotive, appliance, commercial and industrial products; Machinery; and Electronic and optical components.

Business Highlights

-In the fiscal year ending March 2021, the Company is targeting sales of JPY 2 trillion, with automotive products accounting for JPY 700.0 billion-1 trillion yen. Making products globalized, electrified, and modularized, the Company is aiming to a gain 50% of the world market share for electric power steering (EPS) motors.

-The Company expanded its product lineup and business operations through conducting M&As. In the fiscal year that ended in March 2018, Nidec Sankyo took over Tokyo Maruzen Industry, and Nidec Corp. acquired DriveXpert GmbH of Germany.


Automotive Business of Nidec Group

Business segment Company name Production countries Main products
Automotive motors Nidec Germany, Spain, Poland, Mexico, China (Dalian and Zhejiang), India (operation started in Jul. 2015) Motors (for brakes, seat adjusters, electric power steering systems, engine cooling fans and power sunroofs), actuators
Nidec Motors & Actuators
Nidec Motor U.S., China, Mexico Traction motors
Automotive components Nidec Tosok Vietnam (2 sites), China (Zhejiang), Mexico (operation started in May 2015) Control valves, stepping motors, solenoid valves, spool valves, harness modules and electric oil-pumps
Nidec GPM
(acquired in Feb. 2015)
Germany, Brazil, China (Suzhou) Water pumps and oil pumps
Nidec Sankyo Japan (Nagano, Susono), China (Guangzhou), Vietnam, U.S (Indiana), Indonesia (acquired in Sep. 2015) Stepping motors, Ultra wide angle lens units
Electronic control units (ECUs) Nidec Elesys Japan (Utsunomiya), U.S., China (Zhongshan), Thailand Electronic control units (including EPSs, ABSs, VSA and ADSs), safety systems (including lane keep assist systems, millimeter wave radar units, collision mitigation brake systems and occupant detection systems)

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2018)
Name or Company Name Investment Ratio (%)
Individual shareholder 8.35
Japan Trusties Services Bank Ltd. (Trust Account) 5.94
The Master Trust Bank of Japan, Ltd. (Trust Account) 4.95
Bank of Kyoto, Ltd. 4.18
S.N. Kosan 3.75
State Street Bank and Trust Company 2.69
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 2.50
Nippon Life Insurance Company 2.22
Meiji Yasuda Life Insurance Company 2.16
JPMC Oppenheimer Jasdec Lending Account 1.78
Total 38.57

Products

Nidec
Motors

  • For electric power steering systems (EPS)
  • For engine cooling
  • For seat adjusters
  • For brakes (ESP/ABS)
  • For traction motors


Nidec Motors & Actuators
Motors

  • For brake systems
  • For seat adjusters
  • For steering column adjusters
  • For engine cooling
  • For sunroof closures
  • For trunk openers/power liftgates

Actuators

Nidec Motor
Traction motors


Nidec Tosok
Control valves for CVTs and ATs
Stepping motors
Solenoid valves
Spool valves
Harness modules
Electric oil-pumps

Nidec GPM
Conventional water pumps
Adjustable water pumps
Conventional oil pumps
Adjustable oil pumps
Modules
Transmission oil pumps

Nidec Sankyo
Stepping motors
Relays
Ultra wide angle lens units
Wide Angle Lenses
Super-Wide Angle lenses
Precision Plastic Parts
Resin Molded Parts

Nidec Elesys
Electric power steering units (EPS)
Vehicle stability assist systems (VSA)
Electric parking brake units (EPB)
Electric servo brake units (ESB)
Antilock brake systems (ABS)
Active dumper systems (ADS)
Parking assist units (PA)
Lane keep assist systems (LKAS)
76GHz-band millimetric wave radar units
Electric pre tensioner units
Collision mitigation brake systems (CMBS)
Occupant detection systems (ODS)

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)
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.

Supplemental Information 1