Latest news with #ShigenobuNagamori
Forbes
02-06-2025
- Business
- Forbes
Japanese Billionaire's Acquisitive Streak Hits Roadblock
Shigenobu Nagamori. This story is part of Forbes' coverage of Japan's Richest 2025. See the full list here. After decades of successful bolt-on acquisitions, Shigenobu Nagamori, founder and chairman of precision-motor giant Nidec, hit a roadblock in his hostile bid for machine-tool maker Makino Milling Machine. ss The ¥257 billion ($1.8 billion) tender offer—unusual in Japan, where such deals are negotiated privately—was set to open in April, but in March, Makino, which had ¥234 billion in revenue in the year through March, said it would mount a 'poison pill' takeover defense if Nidec didn't give it more time to consider potential competing proposals. Nidec asked the Tokyo District Court to halt Makino's plan, but the petition was dismissed and the company withdrew its bid. For Nidec, which posted ¥2.6 trillion in revenue in the year through March, the offer was part of its strategy to turn machine tools, which account for less than 10% of its sales, into a ¥1 trillion business over the next decade. Nagamori's wealth dropped to $2.8 billion on a 27% slide in Nidec shares over the past year.
Japan Times
09-05-2025
- Business
- Japan Times
Nidec withdraws its $1.8 billion hostile takeover bid for Makino Milling Machine
Nidec is withdrawing a ¥257 billion ($1.8 billion) unsolicited tender offer for machine tool maker Makino Milling Machine, bowing to strong resistance from its target. Makino had previously threatened to block the takeover by granting stock acquisition rights to existing shareholders. Such a move would deprive the deal of economic sense and could hurt Nidec, the Kyoto-based company said in a statement Thursday. Makino's stock dived as much as 21% Friday, the biggest intraday fall on record. The acquisitive maker of precision motors had sought an injunction against Makino Milling, but that was denied by the Tokyo District Court. It was offering ¥11,000 for each Makino share. The tender began despite Makino's requests for a delay to allow it to weigh offers from other suitors. The offer was seen as a measure of deal-making acumen at Nidec after founder Shigenobu Nagamori, widely regarded as a takeover expert, stepped down as chief executive officer last year. "This may be an inflection point in Nidec's growth strategy via acquisitions,' said Kazuyoshi Saito, senior analyst at Iwai Cosmo Securities. Whether more companies will emulate Makino by taking similar measures to fend off acquisitions will depend on the circumstances in each case, he said.
Yahoo
24-04-2025
- Business
- Yahoo
Nidec Announces Financial Results for the Fiscal Year Ended March 31, 2025
KYOTO, Japan, April 24, 2025--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards ("IFRS") for the fiscal year ended March 31, 2025. The highlights are as follows: Record-high full-year financial results(Full-year consolidated net sales, operating profit, profit before income taxes and profit attributable to owners of the parent stood at record highs.) Q4 net sales and operating profit marked record-highs on a quarterly basis Cash flow remained at record-high level Selected Consolidated Results of Operations (Unaudited) (IFRS-Based) Yen in millions, except for per share amounts and percentages Year ended March 31, Increase(Decrease)% Three months ended March 31, Increase(Decrease)% 2025 2024 2025 2024 Net sales 2,607,094 2,347,159 11.1% 661,130 602,086 9.8% Operating profit 240,200 161,856 48.4% 65,447 (5,248) - Ratio of operating profit to net sales 9.2% 6.9% - 9.9% (0.9%) - Profit before income taxes 236,528 201,669 17.3% 54,779 10,142 440.1% Ratio of profit before income taxes to net sales 9.1% 8.6% - 8.3% 1.7% - Profit attributable to owners of the parent 167,688 124,455 34.7% 33,363 (19,782) - Ratio of profit attributable to owners of the parent to net sales 6.4% 5.3% - 5.0% (3.3%) - Earnings per share attributable to owners of the parent- basic (Yen) 145.95 108.30 - 29.06 (17.21) - Earnings per share attributable to owners of the parent- diluted (Yen) - - - - - - Full copy of Nidec's financial statements for the year ended March 31, 2025: A webcast discussing Nidec's financial results for the year ended March 31, 2025 is scheduled for 5:00 p.m. JST on Thursday, April 24, 2025. To listen to the webcast (audio-only), which will be available on April 25, 2025, JST, please visit Nidec website at: About Nidec CorporationNidec Corporation (TOKYO: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the year ended March 31, 2025, 18.7% of its consolidated sales were represented by small precision motors; 25.5% by automotive products; 40.3% by appliance, commercial and industrial products; 12.1% by machinery; 3.2% by electronic and optical components, and 0.1% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current Founder and Chairman of the Board. View source version on Contacts Teruaki UragoGeneral ManagerInvestor Relations+81-75-935-6140ir@ Sign in to access your portfolio
Business Wire
24-04-2025
- Business
- Business Wire
Nidec Announces Financial Results for the Fiscal Year Ended March 31, 2025
KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards ('IFRS') for the fiscal year ended March 31, 2025. The highlights are as follows: Record-high full-year financial results (Full-year consolidated net sales, operating profit, profit before income taxes and profit attributable to owners of the parent stood at record highs.) Q4 net sales and operating profit marked record-highs on a quarterly basis Cash flow remained at record-high level Selected Consolidated Results of Operations (Unaudited) (IFRS-Based) Yen in millions, except for per share amounts and percentages Year ended March 31, Increase (Decrease) % Three months ended March 31, Increase (Decrease) % 2025 2024 2025 2024 Net sales 2,607,094 2,347,159 11.1% 661,130 602,086 9.8% Operating profit 240,200 161,856 48.4% 65,447 (5,248) - Ratio of operating profit to net sales 9.2% 6.9% - 9.9% (0.9%) - Profit before income taxes 236,528 201,669 17.3% 54,779 10,142 440.1% Ratio of profit before income taxes to net sales 9.1% 8.6% - 8.3% 1.7% - Profit attributable to owners of the parent 167,688 124,455 34.7% 33,363 (19,782) - Ratio of profit attributable to owners of the parent to net sales 6.4% 5.3% - 5.0% (3.3%) - Earnings per share attributable to owners of the parent - basic (Yen) 145.95 108.30 - 29.06 (17.21) - Earnings per share attributable to owners of the parent - diluted (Yen) - - - - - - Expand Full copy of Nidec's financial statements for the year ended March 31, 2025: A webcast discussing Nidec's financial results for the year ended March 31, 2025 is scheduled for 5:00 p.m. JST on Thursday, April 24, 2025. To listen to the webcast (audio-only), which will be available on April 25, 2025, JST, please visit Nidec website at: About Nidec Corporation Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the year ended March 31, 2025, 18.7% of its consolidated sales were represented by small precision motors; 25.5% by automotive products; 40.3% by appliance, commercial and industrial products; 12.1% by machinery; 3.2% by electronic and optical components, and 0.1% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current Founder and Chairman of the Board.
