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nidec corp (6594) Details

NIDEC Corporation manufactures and sells electric motors and related components and equipment worldwide. It offers hard disk drives spindle motors and other small precision motors for optical disk drives, electronic cooling fans, refrigerators, DVD recorders, laser printers, copiers, polygon scanners, automobiles, and other applications, as well as vibration mechanism for smartphones. The company also provides automotive motors, power-train components, sensors, and electronic controls for power steering systems, dual-clutch transmission systems, engine cooling systems, seat adjusters, window lifts, vehicle traction systems, collision avoidance and mitigation systems, and other products; and home appliances motors for air purification systems, washing machines, refrigerators, dish washers, and other products. In addition, it offers commercial and industrial motors and systems for processing lines, rolling mills, mining equipment, heat pump and water heater systems, elevators, escalators, air conditioning systems, commercial food refrigerators, floor care equipment, utility and material handling vehicles, aerial lifts, monitoring systems, barrier-free facilities, electric tools, air compressors, marine propulsion systems, wind and photovoltaic power generation systems, and other products. Further, the company offers transfer robots for liquid-crystal-display panels, semiconductor wafers, and other products; card readers; mechanical pressing and food packaging machines; power transmission systems; shutters and lens units for digital still cameras and mobile phones; switches; trimmer potentiometers; precision plastic moldings; plastic metal casings; and music box products. It serves hard disk drives, electric household appliances, automation equipment, automotive components, home video game consoles, telecommunication equipment, and audio-visual equipment manufacturers. The company was founded in 1973 and is headquartered in Kyoto, Japan.

96,602 Employees
Last Reported Date: 06/22/16
Founded in 1973

nidec corp (6594) Top Compensated Officers

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nidec corp (6594) Key Developments

Nidec Reportedly Bid For Emerson Electric's Leroy-Somer Alternator Business

Nidec Corporation (TSE:6594) reportedly is the frontrunner in bidding for Emerson Electric Co. (NYSE:EMR).'s motors and drives unit. Sources told Bloomberg that Nidec has emerged as the lead bidder for the Leroy-Somer unit in a deal that could be worth about $1 billion. Zhongshan Broad-Ocean Motor Co., Ltd. (SZSE:002249); Wolong Electric Group Co.,Ltd. (SHSE:600580) also have expressed interest in the unit, the sources said. A winner in the auction could be announced as early as this week.

Nidec Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2016

Nidec Corporation announced unaudited consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company net sales of JPY 276,206 million compared with JPY 285,041 million for the same period a year ago. Operating profit was JPY 31,540 million compared with JPY 29,859 million for the same period a year ago. Profit before income taxes was JPY 29,103 million compared with JPY 31,591 million for the same period a year ago. Profit attributable to owners of the parent was JPY 22,041 million compared with JPY 23,251 million for the same period a year ago. Basic and diluted earnings per share attributable to owners of the parent were JPY 74.31 against diluted earnings share attributable to owners of the parent of JPY 77.96 a year ago. Operating profit increased 5.6% year on year, marking quarterly record high despite a 3.1% decline in net sales year on year.

Nidec Seeks Acquisitions

Nidec Corporation is seeking acquisitions. Masahiro Nagayasu, General Manager of Nidec said that they have many opportunities to acquire and that they are looking at several companies to be acquired and in this fiscal year they will be able to analyze this kind of acquisition.

 

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