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Nidec CEO Says Stock Will Double in Two Years, Then He’ll Retire

  • Nagamori sees shares rising to 20,000 yen within two years
  • Founder says ex-CEO hasn’t done enough to replicate his ways
Shigenobu Nagamori
Shigenobu NagamoriPhotographer: Akio Kon/Bloomberg

Shigenobu Nagamori is back at the top of Nidec Corp., one of Japan’s biggest companies, and doesn’t intend to leave until he’s boosted the company’s share price to a record and captained it onto a path of steady growth.

The 77-year-old, who spent half a century building Nidec into the world’s top supplier of motors for everything from hard drives to power plants, has garnered a reputation for being a sharp deal maker and bellwether for industry trends. At the same time, he’s struggled to find a successor, promoting former Nissan Motor Co. executive Jun Seki to become chief executive officer last year before summarily taking back the reins 10 months later after what he saw as lackluster performance.