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Producer Manufacturing

NIDEC Corp.

Business Summary

NIDEC CORP. engages in the development, manufacturing, and sale of small precision, automotive, commercial & industrial motors, electronic & optical components, and other related products. It operates through the following segments: Nidec, Nidec Electronics Thailand, Nidec Singapore, Nidec Hong Kong, Nidec Sankyo, Nidec Copal, Nidec Techno Motor, Nidec Motor, and Nidec Motors & Actuators. The Nidec segment develops and sells hard disk drive (HDD) motors, small motors, and in-vehicle products. The Nidec Electronics Thailand segment manufactures and sells HDD motors. The Nidec Singapore sells HDD and other small motors. The Nidec Hong Kong segment produces and markets HDD and other small motors. The Nidec Sankyo segment manufactures and sells automotive products, electronic components, and other small motors. The Nidec Copal segment manufactures and sells optical and electronic products and equipment. The Nidec Techno Motor segment produces and sells commercial and industrial products. The Nidec Motor segment offers consumer electronics, and commercial & industrial products. The Nidec Motors & Actuators segment manufactures and sells automotive products. The company was founded by Shigenobu Nagamori and Hiroshi Kobe on July 23, 1973 and is headquartered in Kyoto, Japan.

Financial Highlights

Mar 2022 JPYUSD
Revenue1,918.17B17,069.75M
Gross Profit404,378M3,598.54M
Operating income174,113M1,549.42M
Income before tax172,606M1,536.01M
Net income137,197M1,220.91M
EBITDA279,037M2,483.13M
Diluted EPS234.302.08
Dividends Per Share650.57
Total Assets2,679.59B22,076.98M
Total liabilities1,361.78B11,219.65M
Total equity1,293.35B10,655.83M
Operating cash flow94,994M845.34M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,488.09B 1,475.43B 1,534.80B 1,618.06B 1,918.17B
Gross Profit 356,196M 335,774M 332,124M 366,418M 404,378M
Operating income 166,505M 129,254M 110,576M 161,596M 174,113M
Income before tax 163,665M 129,830M 106,825M 153,926M 172,606M
Net income 130,834M 103,386M 74,166M 122,173M 137,197M
EBITDA 235,245M 200,270M 198,384M 258,398M 279,037M
Diluted EPS 220.95 186.49 123.62 208.19 234.30
Dividends Per Share 47.50 52.50 57.50 60 65
Total Assets 1,773.19B 1,884.00B 2,122.49B 2,256.02B 2,679.59B
Total liabilities 830,808M 864,379M 1,154.86B 1,142.08B 1,361.78B
Total equity 932,501M 996,795M 947,290M 1,096.02B 1,293.35B
Operating cash flow 175,568M 170,233M 168,049M 219,156M 94,994M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 13,426.48M 13,304.84M 14,116.24M 15,256.49M 17,069.75M
Gross Profit 3,213.82M 3,027.86M 3,054.69M 3,454.90M 3,598.54M
Operating income 1,502.31M 1,165.55M 1,017.01M 1,523.66M 1,549.42M
Income before tax 1,476.68M 1,170.75M 982.51M 1,451.34M 1,536.01M
Net income 1,180.46M 932.29M 682.13M 1,151.95M 1,220.91M
EBITDA 2,122.52M 1,805.94M 1,824.62M 2,436.39M 2,483.13M
Diluted EPS 1.99 1.68 1.13 1.96 2.08
Dividends Per Share 0.42 0.47 0.52 0.56 0.57
Total Assets 16,673.23M 17,021.35M 19,660.90M 20,416.50M 22,076.98M
Total liabilities 7,812.01M 7,809.36M 10,697.60M 10,335.64M 11,219.65M
Total equity 8,768.22M 9,005.69M 8,774.85M 9,918.73M 10,655.83M
Operating cash flow 1,584.08M 1,535.08M 1,545.62M 2,066.39M 845.34M

Valuation Measures

Mar 2022
PER41.60
ROA5.55%
ROE11.48%
Operating margin9.07%
Profit margin7.15%

Key executives

  • Chairman & Chief Executive Officer: Shigenobu Nagamori
  • Executive President, COO & Representative Director: Jun Seki
  • Chief Financial Officer & Head-Investor Relations: Akinobu Samura
  • Chief Technology Officer: Toshihiko Ozeki
  • Deputy Chief Technology Officer: Takeshi Horie

Shareholders

  • NAGAMORI SHIGENOBU (11.6%)
  • Baillie Gifford & Co. (5.2%)
  • The Bank of Kyoto, Ltd. (4.1%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.1%)
  • NIDEC Corp. (3.0%)
  • Nomura Asset Management Co., Ltd. (2.9%)
  • Mitsubishi UFJ Financial Group, Inc. (2.4%)
  • Nippon Life Insurance Co. (2.2%)
  • Meiji Yasuda Life Insurance Co. (2.1%)
  • The Vanguard Group, Inc. (1.9%)

Contact Details

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  • CIMA SpA
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  • Nidec Automotive Motor Americas LLC
  • NIDEC Elesys (Thailand) Co. Ltd.
  • Embraco RUS OOO
  • Nidec Minster Corp.
  • Nidec Americas Holding Corp.
  • Nidec Europe BV
  • Emerson Electric Co. /Motors, Drives & Power Gen Bus/
  • E.C.E. SRL
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  • Ningbo Minster Industrial Machinery Co. Ltd.
  • Nidec Machinery (Zhejiang) Corp.
  • Higashifuji (Shanghai) Co. Ltd.
  • Changzhou Kinetek Motor Master Co., Ltd.
  • Nidec Component Technology (Thailand) Co. Ltd.
  • Nidec Sankyo Korea Corp.

Competitors

  • Moog Inc. Class A
  • Shenzhen Inovance Technology Co., Ltd Class A
  • Regal Rexnord Corporation
  • Wolong Electric Group Co. Ltd. Class A
  • Apex Dynamics, Inc.
  • WEG S.A.
  • Kulthorn Kirby Public Co., Ltd.
  • Magna International Inc.
  • Foxconn Technology Co., Ltd.
  • Valeo SE
  • SUESS MicroTec SE
  • Cummins Inc.
  • FormFactor, Inc.
  • MPI Corp.
  • Shenzhen Han's CNC Technology Co., Ltd. Class A
  • Stem Inc
Last Updated on 24 Jun, 2022

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