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Reinvestment key to revitalizing corporate Japan, Nidec CEO

Nidec CEO Shigenobu Nagamori speaks at the Nikkei Global Management Forum in Tokyo on Nov. 8.

TOKYO -- Reinvestment is key to revitalizing corporate Japan, says Shigenobu Nagamori, who has turned motor manufacturer Nidec into one of Japan's most competitive companies since founding it 43 years ago.

"Companies tend to retain cash for emergency situations," the billionaire executive said Tuesday in Tokyo. "You need to go forward through reinvestment. Reinvestment while taking some risks is the royal road of management."

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