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  September 5, 2001
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Home > Company Index > Electronics & Misc. Technology > Miscellaneous Electronics > Nidec Corporation

Nidec Corporation
 PROFILE
Nidec is another famous motor maker from Japan, but probably not the kind you'd expect. The company claims about 70% of the global market for the tiny spindle motors that power hard disk drives (60% of sales). It also makes midsized motors for home electronics and industrial equipment, along with small precision fans, power supplies, and pivot assemblies. The company was founded in 1973 as Nippon Densan Corporation by president and CEO Shigenobu Nagamori and three other engineers. Unlike other Japanese companies, Nidec has pursued an aggressive strategy of acquisitions and joint ventures, in particular by buying financially troubled technology manufacturers at low prices and making them profitable.

 COMPETITION
Johnson Electric Holdings Limited (JELCY)
Mabuchi Motor Co., Ltd. (dossier)
MINEBEA CO., LTD. (MNBEY)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 1,312.80
1-Yr. Sales Growth: 17.9%
Employees: 38,000
Revenue per employee: $34,547.37

 KEY PEOPLE
• Shigenobu Nagamori
    CEO
• Joe Tyson
    CFO

 CONTACT INFO
10 Tsutsumisoto-cho, Nishikyogoku, Ukyo-ku
Kyoto 615-0854, Japan
Phone: 81-75-316-1771
Fax: 81-75-316-1781
Online: Web Site

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