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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 2021 JPYUSD
Revenue1,618.06B15,256.49M
Gross Profit366,558M3,456.22M
Operating income160,011M1,508.72M
Income before tax152,978M1,442.40M
Net income122,205M1,152.25M
EBITDA256,813M2,421.45M
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 333,504M 366,558M
Operating income 139,366M 166,505M 129,254M 114,184M 160,011M
Income before tax 141,313M 163,665M 129,830M 106,927M 152,978M
Net income 111,007M 130,834M 103,386M 75,791M 122,205M
EBITDA 199,103M 235,245M 200,270M 201,040M 256,813M
Diluted EPS 187.13 220.95 186.49 126.39 208.24
Dividends Per Share 42.50 47.50 52.50 57.50 60
Total Assets 1,678.99B 1,773.19B 1,884.00B 2,114.04B 2,256.06B
Total liabilities 823,191M 830,808M 864,379M 1,144.05B 1,142.09B
Total equity 846,572M 932,501M 996,795M 949,703M 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 3,067.38M 3,456.22M
Operating income 1,286.99M 1,502.31M 1,165.55M 1,050.20M 1,508.72M
Income before tax 1,304.97M 1,476.68M 1,170.75M 983.45M 1,442.40M
Net income 1,025.11M 1,180.46M 932.29M 697.08M 1,152.25M
EBITDA 1,838.65M 2,122.52M 1,805.94M 1,849.05M 2,421.45M
Diluted EPS 1.72 1.99 1.68 1.16 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 19,582.64M 20,416.89M
Total liabilities 7,387.51M 7,812.01M 7,809.36M 10,597.51M 10,335.72M
Total equity 7,597.34M 8,768.22M 9,005.69M 8,797.21M 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
ROA5.59%
ROE11.94%
Operating margin9.88%
Profit margin7.55%

Key executives

  • Chairman & Chief Executive Officer: Shigenobu Nagamori
  • President, COO & Representative Director: Jun Seki
  • Chief Financial Officer & Executive Officer: Takayuki Sakurai
  • Chief Technology Officer & Executive VP: Mikio Katayama
  • Executive Officer & Senior Manager-Sales: Yujin Okochi

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%)
  • Nippon Life Insurance Co. (2.2%)
  • Capital Research & Management Co. (World Investors) (2.2%)
  • Meiji Yasuda Life Insurance Co. (2.1%)
  • The Vanguard Group, Inc. (1.9%)

Contact Details

Related Companies

  • Nidec Motor Philippines Corp.
  • 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.

Competitors

  • Shenzhen Inovance Technology Co., Ltd Class A
  • Regal Beloit Corp
  • Wolong Electric Group Co. Ltd. Class A
  • WEG S.A.
  • Apex Dynamics, Inc.
  • 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 18 Jun, 2021

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