Business Description

NIDEC Corporation is involved with the development, production, and sale of small precision motors. These motors can be used for automotive, industrial, commercial, and optical applications. Nidec Hong Kong’s Nidec Techno Motor is the Nidec Motors & Actuators. Nidec Hong Kong is Nidec Sankyo. It is located in Kyoto (Japan span> Embraco, the parent company of NIDEC Corporation.

Key Financials

Revenue (US$ Mn):

• US$ 14,087 Mn was the annual revenue generated by NIDEC Corporation in 2021
• NIDEC Corporation’s annual revenue for 2020 was US$ 15,192 Mn, a 7.48% increase from 2019
• From 2018’s annual revenues, NIDEC Corporation registered a 6.04% increase in 2019, amounting to US$ 14,134 Mn
• A total revenue of US$ 13,329 Mn was generated in 2018 by NIDEC Corporation

Operating Income (US$ Mn):

• NIDEC Corporation’s operating income for 2021 was US$ 1,257 Mn, a -12.49% decrease from 2020
• The operating income generated by NIDEC Corporation in 2020 was US$ 1,436 Mn
• At a -17.44% decrease from , NIDEC Corporation’s operating income of US$ 968 Mn was indexed in 2019
• NIDEC Corporation generated an operating income of US$ 1,173 Mn in 2018

Net Income (US$ Mn):

• US$ 1,007 Mn was the net income generated by NIDEC Corporation in 2021
• NIDEC Corporation’s net income for 2020 was US$ 1,145 Mn, a 112.74% increase from 2019
• From 2018’s net incomes, NIDEC Corporation registered a -45.81% decrease in 2019, amounting to US$ 538 Mn
• A net income of US$ 993 Mn was generated in 2018 by NIDEC Corporation

Operating Margin %:

• NIDEC Corporation’s operating margin for 2021 was 9%, a -6.32% decrease from 2020
• The operating margin generated by NIDEC Corporation in 2020 was 10%
• At a -21.59% decrease from , NIDEC Corporation’s operating margin of 7% was indexed in 2019
• NIDEC Corporation generated an operating margin of 9% in 2018

SWOT Analysis

Strengths

Wide geographic presence

Nidec is a global company. The company produces and sells spindle motors for hard drives, as well as other small precision brushless direct-current electric motors. It also has other products that it distributes through its subsidiaries around the globe. The company also generates revenue through its globally diverse operations. China accounted for 26.5%, Japan (16.6%), Thailand (7.9%), Germany (6.3%), Singapore (1.7%), and Other (20.4%) of the company’s FY2021. The company’s extensive international operations allow it to capitalize on market opportunities in different geographies and reduce geography-specific threats.

Innovation is the focus

The company is committed to innovation. Each business group has its own product design and development teams. These teams continuously improve existing products and create new ones. Research activities at the company aim to create better products using advanced technologies. As a percentage of revenue, Nidec spent JPY67280 million on research activities in FY2021.

There are five R&D centers within the company: Central Technical Laboratory; Nidec Research and Development Center; Shiga Technical Center; Nagano Technical Center; Nidec Center for Industrial Science and Dalian Technical Center. The company’s strong focus on innovation allows it to create innovative products that allow it to stay at the forefront in its respective industries and distinguish itself in a highly competitive marketplace.

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