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Electronics

Nidec chief sees opportunity amid coronavirus uncertainty

Japan's M&A maestro still keen for deals as motor maker aims for 10tn yen in sales

Nidec CEO and chairman says the company must not be afraid to act amid the coronavirus pandemic. (Screenshot from Nidec website)

TOKYO -- While the coronavirus pandemic has brought painful uncertainty for many business leaders, Nidec Chairman and CEO Shigenobu Nagamori sees a silver lining in the crisis.

"The coronavirus has brought tough times, but it also brings opportunity," the head of the Japanese electric motor maker said in an online results briefing on Thursday. "We will continue to supply what our competitors cannot and further expand our market share."

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