Overview
Electric Appliances

NIDEC CORPORATION

Nidec Corporation is a global manufacturer engaged in the production and sale of precision small motors, automotive products, home appliance/commercial/industrial products, machinery and equipment, and electronic/optical components. The company operates through six reporting segments—SPMS, AMEC, MOEN, ACIM, Machinery, and Group Company Business—serving diverse end markets including HDD storage, electric vehicles, home appliances, and industrial automation. With 342 consolidated subsidiaries and 4 equity-method affiliates, Nidec leverages a broad global manufacturing and sales network across Asia, Europe, and the Americas.

Market Cap
¥1,954B
US$12.5B
EV
¥2,225B
US$14.2B
Stock¥1,705▼-0.58%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.8
x
LTM EV/EBIT
15.9
x
LTM PER
16.3
x
LTM PBR
2.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-55.0%pt
10012345
Oct 23, 25 – Oct 23, 26StockTOPIX
1Oct 28, 25Third-party investigation deepened accounting scandal
2Nov 17, 25Investor concerns over ongoing investigation
3Jan 19, 26Recovery hopes as accounting issues stabilize
4Mar 11, 26Oasis Management Company Ltd. filed large shareholding report
5May 13, 26Oasis Management Company Ltd. changed stake (6.74%→6.78%)
MC → EV Bridge
1,954BUS$12.5BMarket Cap1,113BUS$7.10B+ Debt852BUS$5.43B− Cash17.6BUS$112M− Inv. Sec.26.6BUS$170M+ NCI2,225BUS$14.2BEV
AI Briefing
Global motor and motion-control giant spanning precision small motors, EV drivetrain, and industrial automation across 342 subsidiaries. FY25/3 revenue ¥2,608B with operating margin expanding to 9.1% from 4.5% in FY23/3, signaling a sustained profitability turnaround. Trading at ¥2,051B market cap versus ¥376B forward EBITDA, with founder Shigenobu Nagamori remaining the largest shareholder at 8.61%.
Performance & Balance
Revenue 5Y (¥B)
1,918US$12.2B'22/32,243US$14.3B'23/32,347US$15.0B'24/32,608US$16.6B'25/32,709US$17.3B'26/3
EBITDA 5Y (¥B)
259US$1.65B'22/3200US$1.27B'23/3273US$1.74B'24/3352US$2.25B'25/3
Net Income 5Y (¥B)
137US$873M'22/345.0US$287M'23/3125US$798M'24/3165US$1.05B'25/3
Capital Structure
42%
58%
EquityD/E 1.40xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
200US$1.27B596US$3.80B'22/3186US$1.19B705US$4.50B'23/3217US$1.38B601US$3.83B'24/3246US$1.57B639US$4.08B'25/3852US$5.43B1,113US$7.10B'26/3
Shareholders
Top 10 hold 34.2%
1
Shigenobu NAGAMORI
8.61%
2
The Bank of Kyoto, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
4.32%
3
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
3.93%
4
SN Kosan LLC
3.52%
5
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
2.66%
6
MUFG Bank, Ltd.
2.58%
7
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
2.57%
8
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
2.29%
9
GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
1.95%
10
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.74%
Management
12 officers
Masayuki MINAI
Representative Director
Apr 1991 Joined Toyota Motor Corporation Sep 2022 Head of Human Resources Department, Toyota Motor Corporation Jul 2024 Joined Toshiba Lifestyle Products & Services Corporation as General Manager, Human Resources and General Affairs Department Jan 2025 Joined the Company as Advisor Apr 2025 Executive Officer, Chief Compliance Officer (current), Chief Human Resources Officer (current) Apr 2026 Managing Executive Officer (current) Jun 2026 Director Sep 2026 Representative Director (current)
1969-03-25
Takeshi MIYAKE
Director
Apr 1990 Joined Sony Corporation (now Sony Group Corporation) Apr 2021 Executive Officer, Mitsui-Soko Supply Chain Solutions Co., Ltd. Nov 2023 Executive Officer, Mitsui-Soko Holdings Co., Ltd. Apr 2024 Representative Partner, Top Insight LLC Sep 2025 Joined the Company as Advisor Dec 2025 Executive Officer (current), Chief Supply Chain Officer (current) Jun 2026 Director (current)
1967-11-09
Hiroshi YOSHII
Outside Director (Full-time Audit and Supervisory Committee Member)
Apr 1988 Joined Ministry of Finance Jul 2000 Assistant Budget Examiner, Budget Bureau, Ministry of Finance Apr 2003 Planning Official, Office of Councilor for Policy Coordination, Cabinet Office Jul 2007 Investigating Officer, General Affairs Division, Comprehensive Environmental Policy Bureau, Ministry of the Environment Jul 2009 Planning Director, General Affairs Division, Budget Bureau, and Director, Budget Execution Planning Office, Ministry of Finance Feb 2010 Secretary to the Minister, Cabinet Office Jan 2012 Tax Planning Official, First Tax System Division, Tax Bureau, Ministry of Finance Jul 2012 Budget Examiner, Budget Bureau, Ministry of Finance Jun 2013 Councilor, Office of Director-General, Reconstruction Agency Jun 2016 Director, General Affairs Division, Commissioner's Secretariat, National Tax Agency Jul 2018 Deputy Director-General, Commissioner's Secretariat, National Tax Agency Jul 2019 Commissioner, Fukuoka Regional Taxation Bureau Jul 2020 Commissioner, Nagoya Regional Taxation Bureau Jul 2021 Commissioner, Osaka Regional Taxation Bureau Jul 2022 Director-General for Policy Coordination, Ministry of Land, Infrastructure, Transport and Tourism Jul 2023 Retired from Ministry of Finance Dec 2023 Advisor, East Japan Railway Company Jun 2025 Outside Director (Full-time Audit and Supervisory Committee Member) of the Company (current) Jul 2025 Auditor, Nidec Advance Technology Corporation (current) Jul 2025 Auditor, Nidec OKK Corporation (current) Jul 2025 Auditor, Nidec Global Service Corporation (current) Jul 2025 Auditor, TAKISAWA Co., Ltd. (current) Jul 2025 Auditor, Nidec Techno Motor Corporation (current) Jul 2025 Auditor, Nidec Drive Technology Corporation (current) Jul 2025 Auditor, Nidec Machinery Corporation Jul 2025 Auditor, Nidec Machine Tool Corporation (current) Jun 2026 Auditor, Nidec Components Corporation (current)
1965-12-23
Takeshi YAMAZAKI
Outside Director (Full-time Audit and Supervisory Committee Member)
Apr 1985 Joined Hitachi, Ltd. Apr 2004 Head of Human Resources Department, Sales Operations Headquarters, Hitachi, Ltd. Jan 2007 General Manager, General Market Business Sales Department, Kansai Branch, Hitachi, Ltd. Apr 2012 Head of Strategic Projects, Corporate Strategy Office, Strategy and Planning Headquarters, Hitachi, Ltd. Apr 2015 General Manager, Corporate Strategy Office, Hitachi, Ltd. Oct 2019 Managing Director and CSO, Hitachi LG Data Storage, Inc. Apr 2023 Full-time Audit & Supervisory Board Member, Hitachi Real Estate Partners, Ltd. Jun 2026 Outside Director (Full-time Audit and Supervisory Committee Member) of the Company (current) Auditor, Nidec Advanced Motor Corporation (current) Auditor, Nidec Instruments Corporation (current) Auditor, Nidec Powertrain Systems Corporation (current) Auditor, Nidec Precision Corporation (current) Auditor, Nidec Mobility Corporation (current)
1960-11-07
Akitsugu ERA
Outside Director
May 2000 Established Japan ELD Net Inc. Sep 2006 Joined Nikko Asset Management Co., Ltd. (now Amova Asset Management Co., Ltd.) Apr 2011 Joined BlackRock Japan Co., Ltd. Apr 2017 Head of Investment Stewardship, BlackRock Japan Co., Ltd. Jan 2020 Managing Director and Head of Investment Stewardship, BlackRock Japan Co., Ltd. Feb 2025 Partner, Brunswick Group K.K. (current) Mar 2025 Outside Director, Andpad Inc. (current) Jun 2026 Outside Director of the Company (current)
1978-09-18
Shinichi KOIZUMI
Outside Director
Apr 1971 Joined Toray Industries, Inc. Jun 2004 Director, Toray Industries, Inc. Jun 2006 Managing Director, Toray Industries, Inc. Jun 2007 Senior Managing Director, Toray Industries, Inc. Jun 2008 Representative Director and Executive Vice President, Toray Industries, Inc. Jun 2013 Advisor, Toray Industries, Inc.; Chairman of the Board, Toray Research Center, Inc. Jun 2015 Advisor, Toray Industries, Inc.; Outside Director, Obayashi Corporation Jun 2016 Outside Director, Japan Bank for International Cooperation Jun 2017 Full-time Audit & Supervisory Board Member, DeNA Co., Ltd. Apr 2019 Outside Director, Preferred Networks, Inc. (current) Jun 2022 Advisor, Obayashi Corporation (current) Jun 2025 Outside Director and Chairman of the Board, Shinko Electric Industries Co., Ltd. (current) Jun 2026 Outside Director of the Company (current)
1948-02-29
Soichiro SAKUMA
Outside Director
Apr 1978 Joined Nippon Steel Corporation Apr 2009 Executive Officer, Nippon Steel Corporation Apr 2012 Managing Executive Officer, Nippon Steel Corporation Jun 2012 Managing Director, Nippon Steel Corporation Oct 2012 Managing Director, Nippon Steel & Sumitomo Metal Corporation Apr 2014 Representative Director and Executive Vice President, Nippon Steel & Sumitomo Metal Corporation Apr 2018 Director, Nippon Steel & Sumitomo Metal Corporation Jun 2018 Senior Advisor, Nippon Steel & Sumitomo Metal Corporation Apr 2019 Senior Advisor, Nippon Steel Corporation Jun 2020 Outside Director, Konica Minolta, Inc. (current) Jul 2020 Advisor, Nippon Steel Solutions Corporation (current) Jun 2022 Outside Director, JX Advanced Metals Corporation Jun 2023 Outside Director (Audit and Supervisory Committee Member), JX Advanced Metals Corporation (current) Jun 2026 Outside Director and Chairman of the Board of the Company (current)
1956-02-15
Yuji NISHIURA
Outside Director
Apr 1975 Joined Sumitomo Trust & Banking Co., Ltd. (now Sumitomo Mitsui Trust Bank, Limited) Feb 2000 President and Representative Director, Booz Allen Hamilton K.K. (now PwC Consulting LLC) Jan 2006 Japan Representative, AlixPartners Jan 2011 Vice Chairman, AlixPartners, U.S. Headquarters Dec 2012 Chairman of the Board, AXA Life Insurance Co., Ltd. Mar 2013 Chairman of the Board, AXA Non-Life Insurance Co., Ltd. Jun 2014 Outside Director, Square Enix Holdings Co., Ltd. Dec 2015 Representative Director and Chairman, Sumitomo Mitsui Trust Club Co., Ltd.; Advisor, Sumitomo Mitsui Trust Bank, Limited Jun 2019 Outside Director, LIXIL Group Corporation Jun 2024 Outside Director and Chairman of the Board, LIXIL Group Corporation (current) Jun 2026 Outside Director of the Company (current)
1953-01-03
Ryoichi YAMAMOTO
Outside Director
Apr 1973 Joined Daimaru, Inc. Feb 1993 General Manager, Sales Planning Department, Osaka Umeda Store, Daimaru, Inc. Feb 2001 Executive Officer; Director, Sales Reform Promotion Office and Sales Planning Office, Head Office Department Store Operations Headquarters, Daimaru, Inc. May 2003 Representative Director, President and COO, Daimaru, Inc. Sep 2007 Director, J. Front Retailing Co., Ltd.; Director, Matsuzakaya Co., Ltd. Mar 2010 Representative Director and President, Daimaru Matsuzakaya Department Stores Co., Ltd. Apr 2013 Representative Director and President, J. Front Retailing Co., Ltd. May 2017 Director and Representative Executive Officer, President, J. Front Retailing Co., Ltd. May 2020 Director and Chairman of the Board, J. Front Retailing Co., Ltd. Jun 2021 Outside Director, Noritake Co., Limited; Outside Director, Daido Steel Co., Ltd. May 2024 Advisor, J. Front Retailing Co., Ltd. Jun 2025 Special Advisor, J. Front Retailing Co., Ltd. (current) Jun 2026 Outside Director, Sanai Obli Co., Ltd. (current); Outside Director of the Company (current)
1951-03-27
Hideki AMANO
Outside Director (Audit and Supervisory Committee Member)
Apr 1976 Joined Arthur Andersen (now Azusa Audit LLC) Sep 1980 Registered as Certified Public Accountant Sep 1992 Senior Partner, Inoue Saito Eiwa Audit Corporation (now Azusa Audit LLC) Sep 2011 Vice Chairman (Audit Supervision), Azusa Audit LLC Jul 2015 Executive Senior Partner, Azusa Audit LLC Mar 2017 Outside Audit & Supervisory Board Member, Kao Corporation Apr 2017 Outside Director, ORIX Bank Corporation Jun 2018 Outside Audit & Supervisory Board Member, Ajinomoto Co., Inc. Jun 2019 Outside Audit & Supervisory Board Member, Seiko Group Corporation (current) Jun 2021 Outside Director, Ajinomoto Co., Inc. Jun 2022 Outside Audit & Supervisory Board Member, Mizuho Leasing Company, Limited (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1953-11-26
Misawa KISHINAMI
Outside Director (Audit and Supervisory Committee Member)
Apr 1995 Joined Nippon Kogyo Ginko (now Mizuho Bank, Ltd.) Aug 2000 Joined Goldman Sachs Securities Co., Ltd. Dec 2012 Head of Syndicate Department, Capital Markets Division, Investment Banking Division, Goldman Sachs Securities Co., Ltd. Dec 2018 Executive Director, Investment Banking Division, UBS Securities Co., Ltd. Jun 2022 Outside Director, Shibaura Electronics Co., Ltd. Jun 2024 Outside Director, Daiwabo Holdings Co., Ltd. (current) Jun 2026 Outside Director, Penta-Ocean Construction Co., Ltd. (current) Jun 2026 Outside Director, Sanken Electric Co., Ltd. (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1972-11-04
Mitsuhiro HASEGAWA
Outside Director (Audit and Supervisory Committee Member)
Apr 1982 Prosecutor, Osaka District Public Prosecutors Office Apr 2000 Councilor, Criminal Affairs Bureau, Ministry of Justice Apr 2004 Prosecutor Handling Affairs, Supreme Public Prosecutors Office Jan 2007 Director, Accounting Division, Minister's Secretariat, Ministry of Justice Jan 2008 Director, Criminal Affairs Department, Tokyo High Public Prosecutors Office Jul 2010 Prosecutor, Supreme Public Prosecutors Office Jan 2015 Superintending Prosecutor, Hiroshima High Public Prosecutors Office Sep 2016 Retired Dec 2016 Chairman, Securities and Exchange Surveillance Commission Dec 2022 Retired from Securities and Exchange Surveillance Commission Apr 2023 Registered with Tokyo Bar Association; Client Attorney, Mori Hamada & Matsumoto Jan 2026 Special Advisor, Uryu Itoga Law Office (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1953-11-25
Large Shareholding Reports
Oasis Management Company Ltd.
2026-10-15
7.97%→9.00%
Oasis Management Company Ltd.
2026-09-16
6.78%→7.97%
Oasis Management Company Ltd.
2026-05-13
6.74%→6.78%
Oasis Management Company Ltd.
2026-03-11
6.74%
SN Kosan LLC
2026-01-13
3.40%→3.40%
Annual report (as of 2026-03-31): 3.52%
Shigenobu NAGAMORI
2025-12-26
8.30%→8.30%
Annual report (as of 2026-03-31): 8.61%
MUFG Bank, Ltd.
2025-11-17
2.49%→2.49%
Annual report (as of 2026-03-31): 2.58%
BlackRock Fund Advisors
2025-11-05
1.20%→1.28%
Disclosures
Executive Change
2026-09-29
M&A / Other
2025-05-08
M&A / Other
2025-05-07
M&A / Other
2025-04-11
M&A / Other
2025-04-07
M&A / Other
2025-04-03
M&A / Other
2025-04-03
M&A / Other
2025-03-28
M&A / Other
2025-03-25
M&A / Other
2025-03-24
M&A / Other
2025-03-24
M&A / Other
2025-03-21
M&A / Other
2025-03-18
M&A / Other
2025-03-13
M&A / Other
2025-02-28
M&A / Other
2025-02-13
M&A / Other
2025-01-22
M&A / Other
2025-01-15
M&A / Other
2024-12-27
M&A / Other
2024-10-01
M&A / Other
2024-02-02
M&A / Other
2023-11-20
M&A / Other
2023-11-14
M&A / Other
2023-10-27
M&A / Other
2023-10-27
M&A / Other
2023-10-10
M&A / Other
2023-09-21
M&A / Other
2023-09-13
M&A / Other
2023-07-13
M&A / Other
2023-06-02
Primary Source Filings
EDINET
2026-10-15
Large Shareholding Report
EDINET
2026-09-30
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-09-29
Executive Change
EDINET
2026-09-16
Large Shareholding Report
EDINET
2026-05-13
Large Shareholding Report
EDINET
2026-03-11
Large Shareholding Report
EDINETAmended
2026-01-13
Change Report
EDINET
2025-12-26
Large Shareholding Report
EDINET
2025-11-17
Large Shareholding Report
TDnet
2025-11-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-05
Large Shareholding Report
EDINET
2025-09-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-05-08
M&A / Other
TDnet
2025-05-07
M&A / Other
TDnet
2025-04-11
M&A / Other
TDnet
2025-04-07
M&A / Other
TDnet
2025-04-03
M&A / Other
TDnet
2025-04-03
M&A / Other
TDnet
2025-03-28
M&A / Other
TDnet
2025-03-25
M&A / Other
TDnet
2025-03-24
M&A / Other
TDnet
2025-03-24
M&A / Other
TDnet
2025-03-21
M&A / Other
TDnet
2025-03-18
M&A / Other
TDnet
2025-03-13
M&A / Other
TDnet
2025-02-28
M&A / Other
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
TDnet
2025-02-13
M&A / Other
TDnet
2025-01-23
Q3 Earnings Flash
FY ending Mar 2025
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