Foundation: 1973
Headquarters: Kyoto
Chairman and CEO: Shigenobu Nagamori
Executive Summary: Nidec Corporation, established in 1973 and headquartered in Kyoto, Japan, is a leading manufacturer of motors used in automobiles, appliances, hard disks, and optical drives. Initially, the company concentrated on small precision motors but has since broadened its scope to produce motors of various sizes and ventured into related technological developments.
Founded by Shigenobu Nagamori, who remains the chairman and CEO, Nidec has grown through global expansion, establishing offices worldwide and engaging in numerous mergers and acquisitions. This strategy has positioned Nidec as one of the world’s largest motor manufacturers.
While primarily known for its motor manufacturing and distribution, Nagamori has articulated ambitions to delve into adjacent technologies, notably robotics. In recent years, Nidec has made strides in this direction by working on service robot technology.
Moreover, Nidec is committed to sustainability. In 2022, the company signed a letter of commitment aimed at contributing to a carbon-neutral world. Its annual revenue is in the range of US$10 billion.