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November 23, 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.
Japan Times
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.
Japan Times
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.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

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