Author: Nidec Online News

Nidec to Form a Joint Venture with a Subsidiary of China-Based Guangzhou Automobile Group Company for Automotive Traction Motors

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Released on August 1, 2019, in Kyoto, Japan

Nidec to Form a Joint Venture with a Subsidiary of China-Based Guangzhou Automobile Group Company for Automotive Traction Motors

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it has adopted at a meeting of the Board of Directors held on August 1, 2019 a resolution to execute a contract with GAC Components Co., Ltd. (“GAC Components”), a member of China-based Guangzhou Automobile Group Co., Ltd. (“Guangzhou Automobile Group”), to establish a joint venture to manufacture automotive traction motors.
The closing of this case will be subject to approval by competition authorities.

1. Purpose of This Transaction and Operation Policy Going Forward

Nidec has been expanding and strengthening its automotive motor business, one of the C..

Nidec Completes Acquisition of Embraco, Whirlpool Corporation’s Compressor Business

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Released on July 2, 2019, in Kyoto, Japan

Nidec Completes Acquisition of Embraco, Whirlpool Corporation’s Compressor Business

Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (the “Company” or “Nidec”) announced today that the Company completed the acquisition of the compressor business (“Embraco”) of Whirlpool Corporation (“Whirlpool”) on July 2, 2019 (July 1, 2019 local time in Brazil) following the European Commission’s approval granted on June 26, 2019. This acquisition was performed in line with the acquisition plan announced on April 24, 2018 in the Company’s press release titled “Nidec to Acquire Whirlpool Corporation’s Compressor Business.”
As a result of this acquisition, Embraco and their subsidiaries became Nidec’s subsidiaries. The details of the acquired companies are as follows. In addition, certain custom..

Nidec Announces Annual Dividend Payout from Retained Earnings

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on May 24, 2019 in Kyoto, Japan

Nidec Announces Annual Dividend Payout from Retained Earnings

Nidec Corporation (TSE: 6594; OTC: NJDCY) (the “Company” or “Nidec”) today announced that the Company resolved at a meeting of its Board of Directors held on May 24, 2019 to distribute retained earnings (date of record: March 31, 2019) in the form of an annual dividend as outlined below:

Determined
amount

Previous annual
dividends forecast
(Announced on
April 23, 2019)

(Reference)
Annual dividends
for the fiscal year ended
March 31, 2018

Record date

March 31, 2019

　　March 31, 2019　　

March 31, 2018

Dividend per share

55 yen

55 yen

50 yen

Total dividend amount

16,191 million yen　

–

14,798 million yen

Effective date

June 3, 2019

–

June 4, 2018

Dividend resource

Re..

Nidec to Display Thermal Solutions for Smartphones and Other Devices at CES 2019

Nidec to Display Thermal Solutions for Smartphones and Other Devices at CES 2019

The upcoming launch of 5G, the fifth generation of mobile communications technology, is expected to deliver a slew of benefits including dramatically higher data transfer rates and reduced latency. Coupled with advances in artificial intelligence, smartphones, servers and other devices and systems used in telecommunication are set to become even more powerful. But this trend does not come without its challenges; as the performance of devices increases, so do the requirements on thermal management.
Nidec has recently been working with end product manufacturers to pioneer the development of a number of solutions for smartphones designed to leverage the capabilities of 5G and maximize the enjoyment of video content. One example is our small precision geared actuator that controls the front-facing camera and allows it to emerge from the top of the phone, eliminating the need for bezels and notches. Another is..

Nidec and Nidec Seimitsu settle IPR lawsuits in China

FOR IMMEDIATE RELEASE

Nidec Corporation

Contact:

Legal Department
ho_legal@nidec.com

Released on May 22nd 2018, in Kyoto, Japan

Nidec and Nidec Seimitsu settle IPR lawsuits in China

Nidec Corporation announced today that, it reached a settlement with Chinese vibration motor companies. The lawsuits were filed by Nidec Corporation and Nidec Seimitsu Corporation, one of our subsidiaries, in 2015, 2016 and 2017.

1. Defendant

Shanghai AWA Precision Electric Co., Ltd
Sichuan AWA Precision Electric Co., Ltd

2. Product

cylinder type vibration motor

3. Patent

Chinese Patent (ZL200910003612.5, ZL01103328.2,
ZL02118511.5, ZL200810133636.8)

4. Court

Shanghai Intellectual Property Court

5. Settlement condition　

Both sides agreed that, the condition will not be disclosed.

Nidec Acquires CIMA S.p.A., an Italian Commercial Motor Manufacturer

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on July 3, 2018, in Kyoto, Japan

Nidec Acquires CIMA S.p.A., an Italian Commercial Motor Manufacturer

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it acquired a 100% ownership interest in CIMA S.p.A. (“CIMA”), an Italian commercial motor manufacturer, from its shareholders (the “Transaction”) on July 2, 2018, local time. As a result of the Transaction, CIMA became a consolidated subsidiary of Nidec, as outlined below:

1. Outline of New Subsidiary

(1) Company Name:

CIMA S.r.l.(*)

(2) Headquarters:

Vicenza (Italy)

(3) Foundation:

1977

(4) Directors:

　Director and Chairman, CEO:

Paolo Delpogetto
(FIR Elettromeccanica S.r.l., CEO)

　Director:

James Halley
(Appliance, Commercial and Industrial
Motor Business Unit, CFO of Euro..