Nidec Corporation (日本電産株式会社, Nihon Densan Kabushiki-gaisha) is a Japanese manufacturer 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]
Nidec Corporation |
 Company headquarters and Central Technical Laboratory |
Native name | 日本電産株式会社 |
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Romanized name | Nihon Densan kabushiki gaisha |
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| Type | Public KK |
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Traded as | TYO: 6594
TOPIX 100 Component |
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| Industry | Electronic components |
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| Founded | July 23, 1973; 47 years ago |
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| Headquarters | 338 Kuzetonoshiro-cho, Minami-ku, Kyoto 601-8205, Japan |
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Key people | Shigenobu Nagamori (CEO) |
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| Products | - Small precision motors
- Automotive motors
- Home appliance motors
- Commercial and industrial motors
- Motors for machinery
- Electronic and optical components
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| Revenue |  US$11.15 billion (FY 2017) (JPY 1199.3 billion) (FY 2017) |
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Net income | US$1.04 billion (FY 2017) (JPY 111.7 billion) (FY 2017) |
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Number of employees | Nidec Corporation: 2,392 (as of March 31, 2017) Consolidated: 107,062 (as of March 31, 2017) |
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| Website | Official website |
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Footnotes / references
[1] |
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]
HistoryEdit| Year | Month | Major Events |
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| 1973 | July | Shigenobu Nagamori, current Chairman of the board, President & 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. |
Nidec acquisitionsEdit- 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]