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December 25, 2024
 

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NIDEC

Nidec separately announced it signed a memorandum of understanding on Monday with Tata Elxsi, an Indian technology service provider, to develop software programs for India and other markets.
BUSINESS / Tech
Jul 23, 2024
Japan's Nidec lifts annual profit outlook after first quarter
The company raised its expectations for operating profit in the financial year to the end of March 2025 to ¥240 billion ($1.53 billion).
Nintendo is among the big name companies in which Kyoto Financial Group has cross-held shares.
BUSINESS / Companies
Jul 9, 2024
Kyoto bank defies call to unwind holdings after $6-billion gain
Kyoto Financial Group has amassed unrealized profits of more than $6 billion on holdings in other firms.
Mitsuya Kishida, incoming CEO of Nidec (left), and Shigenobu Nagamori, chairman and CEO, during a news conference at the company's headquarters in Kyoto on Feb. 14.
BUSINESS / Companies
Mar 12, 2024
Japan's Nidec, U.S. private equity firm KPS vie for Siemens’ motors unit
The Innomotics unit makes heavy-duty electric motors used in ships and mining equipment, and could fetch about ¥483.6 billion in a sale.
Kyoto Financial Group's early bets on Nintendo and other Kyoto-based startups are now bringing huge gains to the regional bank.
BUSINESS / Companies
Nov 3, 2023
Early bets on Nintendo and Nidec yield big gains for Kyoto bank
Kyoto Financial Group has equity holdings worth almost ¥903 billion thanks to investments made decades ago.
BUSINESS
Nov 27, 2022
The humiliating fall of Nidec billionaire's handpicked successor
The story of Jun Seki's time at the company is a cautionary tale of the risks of taking over from a self-made titan who finds it near-impossible to pass the reins.
Japan Times
BUSINESS / Companies
Sep 2, 2022
President of Japanese motor-maker Nidec resigns over weak earnings
Jun Seki, president and chief operating officer who once held the chief executive position, will resign to take responsibility for a deterioration in the company's earnings, the firm said.
BUSINESS / Companies
Aug 25, 2022
Nidec’s COO to resign after being sidelined by founder Shigenobu Nagamori
The move underscores the Japanese company's struggles to put a succession plan for its aging founder in place.
Japan Times
COMMENTARY / Japan
Apr 29, 2022
Japan’s aging billionaires think they are indispensable. That’s a problem.
Japan's aging and hard-working corporate founders don't know when to walk away.
Japan Times
BUSINESS / Companies
Apr 21, 2022
Nidec reappoints chairman Shigenobu Nagamori as CEO as it posts 17% fall in profit
Electric motor-maker Nidec Corp. posted a 17% drop in fourth quarter operating profit and announced a change in leadership Thursday.
Japan Times
BUSINESS / Companies
Jan 25, 2022
Nidec founder sours on CEO successor after less than a year
Chairman Shigenobu Nagamori says it was naive of him to bring in someone from outside and appoint that person as successor, sources say.
Japan Times
BUSINESS / Companies
Sep 14, 2021
Unhappy with profitability, Nidec founder pushes on targets
Nagamori recently told his senior managers that they need to do more to boost Nidec's business performance
Japan Times
BUSINESS
Apr 27, 2021
Billionaire founder of Nidec hands reins to ex-Nissan star
Shigenobu Nagamori is stepping down almost half a century after founding his pioneering motor maker on the family farm.
Japan Times
BUSINESS / Companies
Jan 26, 2021
Nidec to buy back shares as outlook improves and profit, sales top estimates
The manufacturer raised its operating income forecast for the current fiscal year to u00a5155 billion, up from u00a5140 billion and an average projection by analysts of u00a5149 billion.
Japan Times
BUSINESS / Companies
Jan 12, 2021
World’s top maker of tiny motors has sights on Tesla as EVs gather pace
Although most who use its products don't know its name, Nidec's motors are used in about 85% of the world's hard drives and it controls almost half of the global market for brushless motors.
Japan Times
BUSINESS / Companies
Oct 27, 2020
Canon and Nidec outlooks offer early hints for Japan blue chips
Canon is forecasting operating profit 42% higher than the figure it gave previously, while Nidec has lifted its outlook by 12%.
Japan Times
BUSINESS / Companies
Feb 3, 2020
Japan's Nidec betting on electric cars and acquisitions to triple sales: sources
Nidec Corp. plans to more than triple its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, according to two people familiar with the matter.
Japan Times
BUSINESS / Companies
Sep 10, 2018
Under visionary Shigenobu Nagamori, precision motor-maker Nidec sees EVs driving future profits
Since starting Nidec in 1973 in a tiny Kyoto shed with just three workers, Shigenobu Nagamori has built it into the world's top maker of precision motors and became one of Japan's most venerated business leaders.
Is Japan ready for 60 million tourists?
Visitors to Kyoto walk along a street near Kiyomizu Temple in April. A popular tourist spot, Kyoto has seen what locals feel to be an overwhelming amount of tourists in 2024.
Honda-Nissan megamerger in the works
Nissan CEO Makoto Uchida (left), Honda CEO Toshihiro Mibe (second from left) and Takao Kato, CEO of Mitsubishi Motors, hold a news conference on merger talks on Monday in Tokyo.
Picturesque Japan hot spring town limits day trippers
Ginzan Onsen hot springs in Obanazawa, Yamagata Prefecture
Bankruptcies and suicides rise as Japanese struggle with mounting debt
Lawyers estimate that personal bankruptcies in Japan are on track to reach the highest since 2012 this year.
Japan accuses Google of violating antimonopoly law
The Japanese antitrust watchdog said that Google forced smartphone makers to preinstall its search app on their devices, sources say.
For baseball fans, 2024 brought The Summer of Shohei Ohtani
Dodgers designated hitter Shohei Ohtani reacts to a standing ovation from fans after hitting his 50th home run of the season, against the Marlins in Miami on Sept. 19.
Trump's Pentagon policy pick pushed for Japan to spend 3% of GDP on defense
Elbridge Colby (center) speaks at the Threat and the Strategy panel during the Air Force Association Air, Space and Cyber Conference in National Harbor, Maryland, in September 2019.
A brief history of ‘osechi ryōri,' Japan's edible tradition for the new year
Japan's traditional New Year cuisine has a long history, though modern developments have led to slight changes in the way things work.
Japan accuses Google of violating antimonopoly law
The Japanese antitrust watchdog said that Google forced smartphone makers to preinstall its search app on their devices, sources say.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.

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Visitors to Kyoto walk along a street near Kiyomizu Temple in April. A popular tourist spot, Kyoto has seen what locals feel to be an overwhelming amount of tourists in 2024.
Is Japan ready for 60 million tourists?
By Kathryn Wortley

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