Latest news with #NidecCorporation
Time of India
4 days ago
- Automotive
- Time of India
Nidec inaugurates new manufacturing Orchard Hub campus in Hubli, Karnataka, celebrates next step in India growth strategy
Nidec Corporation ('Nidec'), the world's leading manufacturer of electric motors, generators, renewable energy solutions, and industrial machinery, proudly inaugurated its cutting-edge manufacturing campus, Orchard Hub, located in the Kotur-Belur Industrial Area of Hubli-Dharwad, Karnataka. The inauguration marks the launch of plant machinery and equipment installation across the six campus plants, paving the way for production to commence later this year. The inauguration ceremony was attended by Mr. M. B. Patil, Honourable Cabinet Minister for Large & Medium Industries and Infrastructure Development, Government of Karnataka, along with Mr. Michael Briggs, President of Nidec Motion & Energy. With Mr. Nakane Tsutomu, Consul General of Japan in Bangalore and Mr. Marc Lamy, Consul General of France in Bangalore, also in attendance, the milestone celebrated Orchard Hub's significance at both regional and international levels. The completion of the Orchard Hub campus is a major achievement in Nidec's commitment to strengthening its presence in India. As Nidec's eighth and largest Indian manufacturing facility, the 50-acre campus underscores Nidec's dedication to supporting the region's industrial development and India's broader economic ambitions. The project's groundbreaking ceremony was held in September 2023, and the campus was completed in just 20 months—a testament to meticulous planning and efficient execution. With the inauguration now complete, Nidec will begin the installation of plant machinery and equipment, with production expected to commence later this year. The Orchard Hub campus will serve multiple high-growth markets as the key manufacturing hub for generators for data centers, wind turbine generators and battery energy storage systems (BESS) for renewable energy, electric vehicle motors, controllers, and EV chargers for clean mobility, and high-efficiency motors, drives, system solutions across various business verticals. Equipped with advanced automation and built on Nidec's 3Q6S lean manufacturing principles, the facility is dedicated to delivering best-in-class products that support customers globally. Strategically located, the campus aims to deliver innovative solutions to both domestic and international markets, with a strong emphasis on exceptional customer service. In line with its sustainability goals, Nidec plans to make the Orchard Hub campus carbon-neutral by 2028 through the adoption of solar power, in-house microgrid systems, and BESS technologies. The facility is expected to create over 1,000 direct and 1,000 indirect employment opportunities in the region. Recruitment drives are already underway to hire diploma and ITI students from institutions in and around Hubli-Dharwad, as the company prepares to launch production. Speaking at the event, Nidec Motion & Energy President Michael Briggs expressed his confidence and optimism: 'India's robust economic growth presents exceptional opportunities for forward-thinking companies, and Nidec is proud to be an integral part of this momentum. Under the visionary leadership of our founder, Mr. Shigenobu Nagamori, we continue to expand our presence across the country. Nidec remains deeply committed to India's progress. Mr. Nagamori's visionary leadership has been instrumental in bringing the Orchard Hub to life, demonstrating Nidec's dedication to shaping India's growth story.' 'With an investment of $55 million, the Orchard Hub project serves as a cornerstone of our 'India for India' and 'India for Exports' strategy. The inauguration of the Orchard Hub Campus marks not only a significant milestone in this endeavour but also a defining chapter in Nidec's journey in India. This facility represents more than an investment in infrastructure; it reflects our commitment to people, innovation, and enduring partnerships. The Orchard Hub stands as a testament to our vision of fostering local innovation, generating employment, and delivering sustainable, zero-emission solutions tailored to India's unique needs.' President and Country Managing Director Girish D Kulkarni added: 'We are proud to establish our new state-of-the-art facility in Hubli, Karnataka, as a testament to our long-term commitment to the Indian market. This campus is not merely a physical space - It represents the future of Nidec in India: a hub for innovation, collaboration, and excellence. This marks an exciting time for all of us, and I extend my heartfelt gratitude to our dedicated teams and to the Government of Karnataka for their unwavering support. We look forward to working together as we continue contributing to the sustainable development of the region.' With the launch of Orchard Hub, Nidec strengthens its global manufacturing footprint while aligning with India's 'Make in India' and 'Atmanirbhar Bharat' initiatives. This development reinforces the company's role in advancing sustainable industrial growth both in India and worldwide. About Nidec Corporation Nidec Corporation is the world's leading electric motor manufacturer with 2024 revenues of over $17B. Founded in 1973 and headquartered in Kyoto, Japan, Nidec is a global company comprised of over 300 group companies and 100,000 employees with operations in more than 40 countries. A pioneer in electrification, Nidec is integral as a world-class global technology provider, localised manufacturer, and development partner in industries ranging from information technology, automotive, appliance, commercial, and industrial machinery. Nidec enables positive global change through innovative problem-solving. For more information, visit Nidec's website About Nidec Motion & Energy Nidec Motion & Energy, a Business Unit of Nidec Corporation, is a trusted development partner in multiple high-growth spaces including industrial automation, vehicle electrification and electrical infrastructure, providing world-class technology, support, and localised manufacturing to support industry leaders across the globe. With headquarters in St. Louis, Missouri, it employs over 13,000 individuals around the world in more than 40 countries. Disclaimer: This article has been produced on behalf of Nidec Industrial Automation India Private Limited by Times Internet's Spotlight team.
Yahoo
02-06-2025
- Business
- Yahoo
Nidec Announces the Status of Own Share Repurchase
(Repurchase of own shares, pursuant to the Company's Articles of Incorporation based on the provisions of Item 1 of Article 459 (1) of the Companies Act of Japan) KYOTO, Japan, June 02, 2025--(BUSINESS WIRE)--Nidec Corporation (TOKYO:6594; OTC US: NJDCY) (the "Company") today announced the status of the Company's own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on May 27, 2025, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan. Details of Share Repurchase Period of own share repurchase: From May 28, 2025 through May 31, 2025 Class of shares: Common stock Number of own shares repurchased: 0 shares Total repurchase amount: 0 yen Note: The above repurchase information has been prepared on the basis of trade date. Reference A) Details of the share repurchase plan authorized by the Board of Directors on May 27, 2025: Class of shares: Common stock Total number of shares that may be repurchased: Up to 13,000,000 shares(1.13% of total number of shares issued, excluding treasury stock) Total repurchasable amount: 35 billion yen Period of repurchase: From May 28, 2025 through May 27, 2026 B) Total number and yen amount of own shares repurchased from May 28, 2025 through May 31, 2025, pursuant to the Board of Directors resolution above: Total number of own shares repurchased: 0 shares Total repurchase amount: 0 yen View source version on Contacts Teruaki UragoGeneral ManagerInvestor Relations+81-75-935-6140ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
29-05-2025
- Business
- Associated Press
Nidec Announces in Relation to Disclosure Information Regarding Consolidated Financial Statements
KYOTO, Japan--(BUSINESS WIRE)--May 29, 2025-- Nidec Corporation hereby announces that at the Board of Directors meeting held today, it was resolved to post the contents of the attachment on its Internet website (address: ). The audits of overseas subsidiaries are taking time, and we have not yet received the accounting auditor's report on the consolidated financial statements. The accounting auditor's report on the consolidated financial statements is currently being prepared in time for the 52nd Annual General Meeting of Shareholders, scheduled to be held on June 20, 2025, but is yet to be determined. We will notify you as soon as we receive it. (Attachment) To our shareholders Disclosure information regarding consolidated financial statements We would like to express our sincere gratitude to our shareholders for their ongoing support and encouragement. Our 52nd business report, financial statements, and consolidated financial statements have already been submitted to the Audit and Supervisory Committee and the accounting auditor. However, due to the time required for the audits of our overseas subsidiaries, we have not yet received the accounting auditor's audit report on the consolidated financial statements. We have already sent the materials for the 52nd Annual General Meeting of Shareholders to shareholders who have requested to receive them in writing. These materials include the accounting auditor's audit report on the consolidated financial statements and the audit report of the Audit and Supervisory Committee, the contents of which are subject to receipt of the accounting auditor's audit report. These audit reports were prepared and sent in anticipation of receiving the accounting auditor's audit report on the consolidated financial statements. However, as stated above, we have not yet received the accounting auditor's audit report on the consolidated financial statements at this time. In this regard, the audit reports of the Audit and Supervisory Committee, which are based on the assumption that the audit report of the accounting auditor on the consolidated financial statements has not yet been received at this time, are posted on the websites listed in the notice of the meeting. In addition, once the accounting auditor's audit report on the consolidated financial statements has been received and the Audit and Supervisory Committee's audit based on said audit report has been completed, the Audit and Supervisory Committee's audit report and the accounting auditor's audit report on the consolidated financial statements will be posted on the website. Furthermore, based on the results of the accounting audits conducted by the accounting auditors for the consolidated financial statements, if any corrections are made to the information to be disclosed in the consolidated financial statements going forward, we will take measures such as promptly posting such corrections on our website (address: ). We would appreciate your understanding and cooperation in this matter. May 29, 2025 Mitsuya Kishida Representative Director and President NIDEC Corporation View source version on CONTACT: Teruaki Urago General Manager Investor Relations +81-75-935-6140 [email protected] KEYWORD: JAPAN ASIA PACIFIC INDUSTRY KEYWORD: ACCOUNTING MACHINERY PROFESSIONAL SERVICES HARDWARE MACHINE TOOLS, METALWORKING & METALLURGY ROBOTICS TECHNOLOGY PUBLIC RELATIONS/INVESTOR RELATIONS ENGINEERING COMMUNICATIONS FINANCE MANUFACTURING SOURCE: Nidec Corporation Copyright Business Wire 2025. PUB: 05/29/2025 07:27 AM/DISC: 05/29/2025 07:26 AM
Business Wire
29-05-2025
- Business
- Business Wire
Nidec Announces in Relation to Disclosure Information Regarding Consolidated Financial Statements
KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation hereby announces that at the Board of Directors meeting held today, it was resolved to post the contents of the attachment on its Internet website (address: The audits of overseas subsidiaries are taking time, and we have not yet received the accounting auditor's report on the consolidated financial statements. The accounting auditor's report on the consolidated financial statements is currently being prepared in time for the 52nd Annual General Meeting of Shareholders, scheduled to be held on June 20, 2025, but is yet to be determined. We will notify you as soon as we receive it. (Attachment) To our shareholders Disclosure information regarding consolidated financial statements We would like to express our sincere gratitude to our shareholders for their ongoing support and encouragement. Our 52nd business report, financial statements, and consolidated financial statements have already been submitted to the Audit and Supervisory Committee and the accounting auditor. However, due to the time required for the audits of our overseas subsidiaries, we have not yet received the accounting auditor's audit report on the consolidated financial statements. We have already sent the materials for the 52nd Annual General Meeting of Shareholders to shareholders who have requested to receive them in writing. These materials include the accounting auditor's audit report on the consolidated financial statements and the audit report of the Audit and Supervisory Committee, the contents of which are subject to receipt of the accounting auditor's audit report. These audit reports were prepared and sent in anticipation of receiving the accounting auditor's audit report on the consolidated financial statements. However, as stated above, we have not yet received the accounting auditor's audit report on the consolidated financial statements at this time. In this regard, the audit reports of the Audit and Supervisory Committee, which are based on the assumption that the audit report of the accounting auditor on the consolidated financial statements has not yet been received at this time, are posted on the websites listed in the notice of the meeting. In addition, once the accounting auditor's audit report on the consolidated financial statements has been received and the Audit and Supervisory Committee's audit based on said audit report has been completed, the Audit and Supervisory Committee's audit report and the accounting auditor's audit report on the consolidated financial statements will be posted on the website. Furthermore, based on the results of the accounting audits conducted by the accounting auditors for the consolidated financial statements, if any corrections are made to the information to be disclosed in the consolidated financial statements going forward, we will take measures such as promptly posting such corrections on our website (address: We would appreciate your understanding and cooperation in this matter. Representative Director and President NIDEC Corporation
Yahoo
27-05-2025
- Business
- Yahoo
Nidec Announces Annual Dividend Payout from Retained Earnings
KYOTO, Japan, May 27, 2025--(BUSINESS WIRE)--Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the "Company") today announced that the Company resolved at a meeting of its Board of Directors held on May 27, 2025 to distribute retained earnings (date of record: March 31, 2025) in the form of an annual dividend as outlined below: 1. Annual Dividend Payout from Retained Earnings Determined amount Previous annual dividends forecast (Announced on April 24, 2025) (Reference) Annual dividends for the fiscal year ended March 31, 2024 Record date March 31, 2025 March 31, 2025 March 31, 2024 Dividend per share 20 yen 20 yen 20 yen(*1) Total dividend amount 22,960 million yen - 23,003 million yen Effective date June 2, 2025 - June 3, 2024 Dividend resource Retained earnings - Retained earnings (*1) The Company implemented a two-for-one common stock split, effective October 1, 2024. Dividends per share was calculated on the assumption that the relevant stock split had been implemented at the beginning of the year ended March 31, 2024. 2. ReasonRegarding shareholder returns, our policy is to maintain stable and continuous dividends while aiming for a total payout ratio of 50%, including share repurchase, in addition to increasing our share price through business expansion and improving profitability in growth fields. Based on this dividend policy and in comprehensive consideration of its financial position, profit levels and dividend payout ratio, the Company has decided to reward its shareholders with a year-end dividend of 20 yen per share. This translates into an annual dividend of 40 yen per share together with the interim dividend of 20 yen per share for the year ended March 31, 2025. (Reference) Dividend per share Record Date Interim Year-end Total Annual dividends per share for the year ended March 31, 2025 20 yen(*2) 20 yen 40 yen (Reference)Annual dividends per share for the year ended March 31, 2024 17.5 yen(*2) 20 yen(*2) 37.5 yen(*2) (*2) Dividends per share were calculated on the assumption that the relevant stock split had been implemented at the beginning of each period. View source version on Contacts Teruaki UragoGeneral ManagerInvestor Relations+81-75-935-6140ir@ Sign in to access your portfolio
