Nidec

-4.35%

Nidec is a Japanese company that specializes in the design, development, and manufacture of electric motors and related components. Founded in 1973, Nidec has grown to become one of the largest manufacturers of small precision motors, holding around 25% of the global market share. The company's headquarters is located in Kyoto, Japan and it has a global presence with over 300 subsidiaries and affiliates.
Nidec's main products include AC, DC, and brushless DC motors, as well as small precision motors for a variety of industries such as automotive, home appliances, and industrial machinery. They also produce motor control devices, optical components, and other electronic components. In recent years, Nidec has expanded into the development of electric power steering systems and other automotive components for the growing electric and hybrid vehicle market.
Nidec has a strong focus on research and development, investing significant resources into innovation and technology to stay ahead of market trends. This has led to numerous patents and a reputation for high-quality, efficient, and reliable products.
In addition to its primary business of motor manufacturing, Nidec also has subsidiaries that specialize in IT solutions, industrial robots, and consumer electronics. The company is committed to sustainable practices, with a focus on reducing environmental impact and promoting social responsibility.
Overall, Nidec is a leading company in the electric motor industry and continues to expand its offerings and global reach through strategic partnerships and acquisitions.

1. World's leading manufacturer of electric motors: Nidec is the world's largest manufacturer of electric motors, producing around 35% of the global market share. Their motors are used in various industries such as automotive, home appliances, industrial equipment, and information technology.
2. Strong focus on research and development: The company invests heavily in research and development (R&D) and collaborates with leading universities and research centers around the world. This has helped Nidec to continuously innovate and stay ahead of its competitors.
3. Diverse product portfolio: Nidec offers a wide range of products, including motors, drives, sensors, and fans, making it one of the most diversified companies in the motor industry. This diverse portfolio allows the company to cater to different industries and customer needs.
4. Environmental sustainability: Nidec is committed to reducing its carbon footprint and has introduced various initiatives to promote environmental sustainability. This includes developing energy-efficient products, implementing eco-friendly manufacturing processes, and promoting green initiatives across all its operations.
5. Global presence: Nidec has a strong global presence with operations in over 40 countries. This has helped the company to access new markets and expand its customer base.
6. Acquisitions and partnerships: Over the years, Nidec has made strategic acquisitions and partnerships to expand its product portfolio and strengthen its position in the market. This has allowed the company to enter new markets and diversify its offerings.
7. High-quality products: Nidec is known for its high-quality and reliable products. The company has a rigorous quality control process, and all its products go through strict testing before being released to the market. This has helped establish Nidec as a trusted brand in the industry.
8. Employee-focused culture: Nidec believes in nurturing a positive and supportive work culture for its employees. The company provides its employees with the necessary resources and opportunities for professional growth, creating a strong and motivated workforce.

The Nidec company's business model is based on the development, manufacture, and distribution of small precision motors, electronic and optical components, and other related products. They focus on using innovative technology and high-quality materials to produce efficient and reliable products that cater to various industries, including automotive, home appliances, industrial equipment, and information technology. Their business strategy also includes strategic acquisitions and partnerships to expand their product portfolio and global presence.

- Nidec was founded in 1973 by Shigenobu Nagamori in Kyoto, Japan.
- The name Nidec comes from the phrase nihon denki which means Japanese electronics in Japanese.
- Nagamori started the company with just two employees and a capital of only 20,000 yen ($180 USD).
- Nidec began as a manufacturer of small electric motors for appliances and gradually expanded into other industries such as automotive, aerospace, and healthcare.
- The company’s first major breakthrough came in 1978 with the development of Japan’s first brushless DC motor, which revolutionized the industry due to its high efficiency and low noise.
- Today, Nidec is the world’s largest manufacturer of small precision motors, with sales of over $12 billion in the fiscal year 2019.
- The company has over 300 subsidiaries and affiliates located in over 40 countries, making it a truly global enterprise.
- In addition to electric motors, Nidec also produces a wide range of products including electronic components, hard disk drives, and optical fibers.
- Nidec is known for its innovative and environmentally friendly products, including the development of a magnetic bearing system for use in air conditioning compressors, which greatly reduces energy consumption.
- The company’s founder, Shigenobu Nagamori, is famous for his unconventional management style and has been called the Steve Jobs of Japan. He is known for personally visiting each of his company’s factories around the world to get a first-hand understanding of the business operations.

See Company Due Diligence: