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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 2021 JPYUSD
Revenue1,618.06B15,256.49M
Gross Profit366,459M3,455.28M
Operating income161,637M1,524.05M
Income before tax153,967M1,451.73M
Net income122,205M1,152.25M
EBITDA258,439M2,436.78M
Diluted EPS208.241.96
Dividends Per Share600.56
Total Assets2,256.06B20,416.89M
Total liabilities1,142.09B10,335.72M
Total equity1,096.05B9,919.04M
Operating cash flow219,156M2,066.39M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,199.31B 1,488.09B 1,475.43B 1,534.80B 1,618.06B
Gross Profit 285,631M 356,196M 335,774M 332,124M 366,459M
Operating income 139,366M 166,505M 129,254M 110,576M 161,637M
Income before tax 141,313M 163,665M 129,830M 106,825M 153,967M
Net income 111,007M 130,834M 103,386M 74,166M 122,205M
EBITDA 199,103M 235,245M 200,270M 198,384M 258,439M
Diluted EPS 187.13 220.95 186.49 123.62 208.24
Dividends Per Share 42.50 47.50 52.50 57.50 60
Total Assets 1,678.99B 1,773.19B 1,884.00B 2,122.49B 2,256.06B
Total liabilities 823,191M 830,808M 864,379M 1,154.86B 1,142.09B
Total equity 846,572M 932,501M 996,795M 947,290M 1,096.05B
Operating cash flow 129,853M 175,568M 170,233M 168,049M 219,156M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 11,075.24M 13,426.48M 13,304.84M 14,116.24M 15,256.49M
Gross Profit 2,637.70M 3,213.82M 3,027.86M 3,054.69M 3,455.28M
Operating income 1,286.99M 1,502.31M 1,165.55M 1,017.01M 1,524.05M
Income before tax 1,304.97M 1,476.68M 1,170.75M 982.51M 1,451.73M
Net income 1,025.11M 1,180.46M 932.29M 682.13M 1,152.25M
EBITDA 1,838.65M 2,122.52M 1,805.94M 1,824.62M 2,436.78M
Diluted EPS 1.72 1.99 1.68 1.13 1.96
Dividends Per Share 0.39 0.42 0.47 0.52 0.56
Total Assets 15,067.72M 16,673.23M 17,021.35M 19,660.90M 20,416.89M
Total liabilities 7,387.51M 7,812.01M 7,809.36M 10,697.60M 10,335.72M
Total equity 7,597.34M 8,768.22M 9,005.69M 8,774.85M 9,919.04M
Operating cash flow 1,199.15M 1,584.08M 1,535.08M 1,545.62M 2,066.39M

Valuation Measures

Mar 2021
PER64.51
ROA5.58%
ROE11.96%
Operating margin9.98%
Profit margin7.55%

Key executives

  • Chairman & Chief Executive Officer: Shigenobu Nagamori
  • Executive President, COO & Representative Director: Jun Seki
  • Co-CFO, Head-Investor Relations & Accounting: Hidetoshi Yokota
  • Co-Chief Financial Officer & Executive Officer: Takayuki Sakurai
  • Chief Technology Officer & Executive VP: Mikio Katayama

Shareholders

  • NAGAMORI SHIGENOBU (11.6%)
  • Baillie Gifford & Co. (5.2%)
  • The Bank of Kyoto, Ltd. (4.1%)
  • Nomura Asset Management Co., Ltd. (2.8%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.6%)
  • Mitsubishi UFJ Financial Group, Inc. (2.4%)
  • Capital Research & Management Co. (World Investors) (2.2%)
  • Nippon Life Insurance Co. (2.2%)
  • Meiji Yasuda Life Insurance Co. (2.1%)
  • The Vanguard Group, Inc. (1.9%)

Contact Details

Related Companies

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  • Nidec Automotive Motor Americas LLC
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  • 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.

Competitors

  • Shenzhen Inovance Technology Co., Ltd Class A
  • Regal Beloit Corp
  • Wolong Electric Group Co. Ltd. Class A
  • Apex Dynamics, Inc.
  • WEG S.A.
  • GMB KOREA Corp.
  • Kulthorn Kirby Public Co., Ltd.
  • Magna International Inc.
  • Foxconn Technology Co., Ltd.
  • Cummins Inc.
  • Brooks Automation, Inc.
  • FormFactor, Inc.
  • MPI Corp.
  • Stem Inc
  • Stoneridge, Inc.
Last Updated on 22 Sep, 2021

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