Nidec
{{short description|Japanese electric motor company}}
{{Infobox company
|name = Nidec Corporation
|native_name = ニデック株式会社
|romanized_name = Nidec kabushiki gaisha
|logo = Nidec company logo.svg
|logo_size = 200px
|image = NIDEC HQ and Central Lab 20120716-001.jpg
|image_size = 250px
|image_caption = Company headquarters and Central Technical Laboratory
|traded_as = {{TYO|6594}}
TOPIX 100 Component
|industry = Electronic components
|foundation = {{Start date and age|1973|07|23}}
|location = 338 Kuzetonoshiro-cho, Minami-ku, Kyoto 601-8205, Japan
|key_people = Shigenobu Nagamori {{small|(CEO)}}
|products = {{unbulleted list|Small precision motors|Automotive motors|Home appliance motors|Commercial and industrial motors|Motors for machinery|Electronic and optical components}}
|revenue = {{increase}} US$11.15 billion (FY 2017)
(JPY 1199.3 billion) (FY 2017)
|net_income = {{increase}} US$1.04 billion (FY 2017)
(JPY 111.7 billion) (FY 2017)
|num_employees = Nidec Corporation: 2,392 (as of March 31, 2017)
Consolidated: 107,062 (as of March 31, 2017)
|homepage = {{Official website|http://www.nidec.com/en-Global/}}
}}
{{Nihongo|Nidec Corporation|ニデック株式会社|Nidekku Kabushiki gaisha}}, formerly known as {{Nihongo|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.{{cite web|title=Nidec Corporation Company Profile|url=http://www.hoovers.com/company-information/cs/company-profile.Nidec_Corporation.5b92374d82d04d70.html|publisher=Hoovers|access-date=February 2, 2015}}{{cite web|url=https://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=NJ|title=Nidec Corporation Snapshot|publisher=Bloomberg Businessweek|access-date=February 2, 2015}}
The two product groups with the largest sales are hard-disk drive motors and automotive products with 16% and 22% of sales, respectively.
As of 2017, the company has 296 subsidiaries companies located across Japan, Asia, Europe and the Americas.{{cite web|url=http://az369030.vo.msecnd.net/pdffile/csr/CSR_Report2017_EN.pdf |title=Nidec Corporation CSR Report (2017)|publisher=Nidec|access-date=December 4, 2017}} Nidec is listed on the first section of the Tokyo Stock Exchange{{cite web|title=Nidec Corporation Stock Data|url=http://quote.tse.or.jp/tse_n/quote.cgi?F=listing/EDetail1&MKTN=T&QCODE=6594|publisher=Japan Exchange Group|access-date=February 2, 2015|archive-date=February 3, 2015|archive-url=https://web.archive.org/web/20150203020000/http://quote.tse.or.jp/tse_n/quote.cgi?F=listing%2FEDetail1&MKTN=T&QCODE=6594|url-status=dead}} 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.{{cite web|url=http://www.businessweek.com/magazine/toc/05_25/B393805it100.htm |archive-url=https://web.archive.org/web/20050612003454/http://www.businessweek.com/magazine/toc/05_25/B393805it100.htm |url-status=dead |archive-date=June 12, 2005 |title=The Future of Technology: The Big Trends Ahead and Our Ranking of the Top 100 Info Tech Companies|year=2005|publisher=Bloomberg Businessweek |access-date=February 2, 2015}} Also Nidec was featured on the 2014 Forbes World's Most Innovative Companies list.{{cite web|url=https://www.forbes.com/innovative-companies/list/|title=The World's Most Innovative Companies|work=Forbes|access-date=February 2, 2015}}
History
class="wikitable" | ||
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.[http://www.nidec-asi.com/ Nidec ASI official web site] 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{{cite news|url=http://www.themeditelegraph.com/it/markets/2014/05/20/nidec-asi-nuovo-barba-gemme-vicepresidente-LK7qMWL66sjUdyUla48AUP/index.html|title=Nidec-Asi, il nuovo ad è Barra: Gemme vicepresidente|work=The Medi Telegraph|date=May 20, 2014|access-date=April 15, 2016}}
- Nidec Leroy-Somer. On January 31, 2017, Nidec acquired Leroy-Somer from Emerson Electric which became Nidec Leroy-Somer Holding.{{cite news|url=http://www.emersonindustrial.com/en-EN/Electric-Power-Generation/news-events/news/Pages/Nidec-Completes-Acquisition-of-Control-Techniques-and-Leroy-Somer.aspx|title=Nidec Completes Acquisition of Leroy-Somer|work=Emerson Electric|date=February 1, 2017|access-date=July 25, 2017}}[http://www.nidec.com/en-Global/corporate/group/leroy_somer/ Nidec Leroy-Somer Holding]
- 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.{{Cite news|url=https://globenewswire.com/news-release/2017/07/31/1065218/0/en/Nidec-Completes-Acquisition-of-Secop-Group-Secop-Holding-GmbH-and-Other-3-Entities-a-German-Compressor-Manufacturer.html|title=Nidec Completes Acquisition of Secop Group (Secop Holding GmbH and Other 3 Entities), a German Compressor Manufacturer|last=Corporation|first=Nidec|work=GlobeNewswire News Room|access-date=2018-06-05|language=en-US}} Since April 28, 2018, Nidec has entered into an agreement with Whirlpool Corporation to acquire the refrigeration compressor business of Embraco.{{Cite news|url=https://www.nasdaq.com/press-release/nidec-to-acquire-whirlpool-corporations-compressor-business-20180424-00143|title=Nidec to Acquire Whirlpool Corporation's Compressor Business - NASDAQ.com|work=NASDAQ.com|access-date=2018-06-06|language=en-us}} In response to antitrust concerns, in 2019 Nidec sold Secop.{{Cite web|url=https://www.secop.com/updates/news-nidec-to-sell-its-secop-compressor-business-to-essvp-iv-advised-by-orlando-management-ag/|title=Nidec to Sell Its Secop Compressor Business to ESSVP IV – Advised by Orlando Management AG {{!}} Secop|website=www.secop.com|language=en|access-date=2019-10-30}}
- 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
{{Reflist}}
External links
- [http://www.nidec.com Nidec global website]
- [http://www.nidecamerica.com Nidec America website] {{Webarchive|url=https://web.archive.org/web/20160205204816/http://www.nidecamerica.com/ |date=2016-02-05 }}
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Category:Manufacturing companies of Japan
Category:Defense companies of Japan
Category:Auto parts suppliers of Japan
Category:Manufacturing companies based in Kyoto
Category:Companies listed on the Tokyo Stock Exchange
Category:Companies listed on the Osaka Exchange
Category:Companies listed on the New York Stock Exchange
Category:Manufacturing companies established in 1973
Category:Japanese companies established in 1973
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