Nidec Corporation

Nidec Corporation is a Japanese global manufacturer and distributor of electric motors and related components, founded in 1973 as Nippon Densan Corporation. Headquartered in Kyoto, Japan, the company's mission is to contribute to societal development and public welfare worldwide by supplying high-quality products, leveraging technology, skillfulness, and modern science.

The company's extensive product portfolio includes small precision motors for applications like hard disk drives and tactile devices, automotive motors such as electric power steering and EV traction motors, and a wide range of motors for home appliances, commercial equipment, and industrial machinery. Nidec also produces electronic and optical components, and various types of machinery. Nidec serves a diverse business-to-business (B2B) customer base across sectors including automotive, appliance, HVAC, industrial automation, IT, and consumer electronics, with a strong focus on energy efficiency and electrification trends.

Mitsuya Kishida was appointed CEO in April 2024, while founder Shigenobu Nagamori remains chairman. Nidec aims for significant growth, targeting ¥10 trillion in revenue by 2030, with a strategic emphasis on electric vehicle motors. The company has recently faced scrutiny, including an accounting investigation and a listing agreement violation penalty from the Tokyo Stock Exchange, prompting a "New Nidec" overhaul initiative to enhance governance and operations. Despite these challenges, Nidec maintains a strong market position as a leading global manufacturer of motors, particularly holding a significant share in the brushless DC motor and HDD spindle motor markets.