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Producer Manufacturing

NIDEC Corp.

Business Summary

NIDEC CORP. engages in the development, manufacturing, and sales of small precision, automotive, commercial and industrial motors, motors for machinery, electronic and 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, Nidec Motors and Actuators, and Others. The Nidec segment includes Nidec Corporation, which develops and sells hard disk drive (HDD) motors, small motors, and in-vehicle products. The Nidec Electronics Thailand segment includes Nidec Electronics (Thailand) Co., Ltd. and its subsidiaries. It also manufactures and sells HDD motors. The Nidec Singapore segment includes Nidec Singapore Pte Ltd. and its subsidiaries. It also sells HDD and other small motors. The Nidec Hong Kong segment includes Nidec (Hong Kong) Co., Ltd. and its subsidiaries. It produces and markets HDD and other small motors. The Nidec Sankyo segment Nidec Sankyo Corp. and its subsidiaries. It manufactures and sells automotive products, electronic components, and other small motors. The Nidec Copal segment includes Nidec Copal Corp. and its subsidiaries. It manufactures and sells optical and electronic products and equipment. The Nidec Techno Motor segment includes Nidec Techno Motor Corp. and its subsidiaries. It produces and sells commercial and industrial products. The Nidec Motor segment includes Nidec US Holdings Corp. and its subsidiaries in North and South America, Asia, and Europe. Its main products include consumer electronics and commercial and industrial products. The Nidec Motors & Actuators segment includes Nidec Motors & Actuators (Germany) GmbH and its subsidiaries in Europe, Japan, Asia, and North and South America. It manufactures and sells automotive products. The Others segment includes Nidec Global Service Corp. The company was founded by Shigenobu Nagamori and Hiroshi Kobe on July 23, 1973 and is headquartered in Kyoto, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue1,534.80B14,116.24M
Gross Profit333,504M3,067.38M
Operating income114,184M1,050.20M
Income before tax106,927M983.45M
Net income75,791M697.08M
EBITDA201,040M1,849.05M
Diluted EPS126.391.16
Dividends Per Share57.500.52
Total Assets2,114.04B19,582.64M
Total liabilities1,144.05B10,597.51M
Total equity949,703M8,797.21M
Operating cash flow168,049M1,545.62M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 1,178.29B 1,199.31B 1,488.09B 1,475.43B 1,534.80B
Gross Profit 268,337M 285,631M 356,196M 335,774M 333,504M
Operating income 117,662M 139,366M 166,505M 129,254M 114,184M
Income before tax 117,164M 141,313M 163,665M 129,830M 106,927M
Net income 89,945M 111,007M 130,834M 103,386M 75,791M
EBITDA 182,612M 199,103M 235,245M 200,270M 201,040M
Diluted EPS 150.96 187.13 220.95 186.49 126.39
Dividends Per Share 40 42.50 47.50 52.50 57.50
Total Assets 1,376.63B 1,678.99B 1,773.19B 1,884.00B 2,114.04B
Total liabilities 605,267M 823,191M 830,808M 864,379M 1,144.05B
Total equity 763,023M 846,572M 932,501M 996,795M 949,703M
Operating cash flow 147,659M 129,853M 175,568M 170,233M 168,049M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 9,812.19M 11,075.24M 13,426.48M 13,304.84M 14,116.24M
Gross Profit 2,234.57M 2,637.70M 3,213.82M 3,027.86M 3,067.38M
Operating income 979.82M 1,286.99M 1,502.31M 1,165.55M 1,050.20M
Income before tax 975.68M 1,304.97M 1,476.68M 1,170.75M 983.45M
Net income 749.01M 1,025.11M 1,180.46M 932.29M 697.08M
EBITDA 1,520.69M 1,838.65M 2,122.52M 1,805.94M 1,849.05M
Diluted EPS 1.25 1.72 1.99 1.68 1.16
Dividends Per Share 0.33 0.39 0.42 0.47 0.52
Total Assets 12,248.19M 15,067.72M 16,673.23M 17,021.35M 19,582.64M
Total liabilities 5,385.17M 7,387.51M 7,812.01M 7,809.36M 10,597.51M
Total equity 6,788.76M 7,597.34M 8,768.22M 9,005.69M 8,797.21M
Operating cash flow 1,229.62M 1,199.15M 1,584.08M 1,535.08M 1,545.62M

Valuation Measures

Mar 2020
PER44.36
ROA3.79%
ROE7.78%
Operating margin7.43%
Profit margin4.93%

Key executives

  • Chairman & Chief Executive Officer: Shigenobu Nagamori
  • President, COO & Representative Director: Jun Seki
  • Chief Technology Officer & Vice President: Mikio Katayama
  • Executive Vice President: Hiroyuki Yoshimoto
  • Vice Chairman & Chief Sales Officer: Hiroshi Kobe

Shareholders

  • NAGAMORI SHIGENOBU (11.6%)
  • Baillie Gifford & Co. (5.2%)
  • The Bank of Kyoto, Ltd. (4.1%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.6%)
  • Nomura Asset Management Co., Ltd. (2.5%)
  • Mitsubishi UFJ Financial Group, Inc. (2.4%)
  • Nippon Life Insurance Co. (2.2%)
  • The Vanguard Group, Inc. (2.2%)
  • Meiji Yasuda Life Insurance Co. (2.1%)
  • Capital Research & Management Co. (World Investors) (2.0%)

Contact Details

Related Companies

  • Nidec Global Appliance Italy SRL
  • Roboteq, Inc.
  • Nidec Mobility Corp.
  • NMA Property Verwaltungsgesellschaft mbH
  • Nidec Employee Incentive Plan
  • CIMA SpA
  • Nidec Industrial Automation India Pvt Ltd.
  • Ealing Cia de Gestiones y Participaciones S A
  • Embraco Industria de Compressores e Solucoes em Refrigeracao
  • 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
  • Nidec Component Technology (Suzhou) Co. Ltd.
  • 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.
  • Nidec Sankyo Do Brasil Ltda.
  • SC Wado Component (Cambodia) Co. Ltd.
  • NIDEC (Shaoguan) Ltd.
  • FIR Elettromeccanica SRL
  • Nidec (Beijing) Co. Ltd.
  • Nidec Seimitsu Motor Technology (Dongguan) Co. Ltd.

Competitors

  • Shenzhen Inovance Technology Co., Ltd Class A
  • Regal Beloit Corp
  • Wolong Electric Group Co. Ltd. Class A
  • Dana Incorporated
  • WEG S.A.
  • GMB KOREA Corp.
  • Kulthorn Kirby Public Co., Ltd.
  • Foxconn Technology Co., Ltd.
  • Cummins Inc.
  • Brooks Automation, Inc.
  • FormFactor, Inc.
  • Stoneridge, Inc.
Last Updated on 7 Aug, 2020

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