Management Message

　　In the first half of FY2024, our net sales reached 1,293.8 billion yen, and operating profit was 121 billion yen, both setting new records. In the Small precision motors, there was an increase in sales due to the recovery in demand for HDD motors, as well as growth in new areas such as water-cooling modules for rapidly growing AI data centers. In the Automotive products, we successfully turned profitable in the Battery EV related business in China by shifting our strategy to put our first priority on profitability in FY2023. Additionally, there was a steady improvement in profitability in the Appliance, commercial, and industrial products.

　　The NIDEC Group has built its technology and experience over more than half a century in the field of "Things that spin and move" as the world's No.1 comprehensive motor manufacturer. In addition, we have accumulated extensive know-how in technologies related to "Thermal management" such as cooling systems, as well as in "Electricity generation, storage, charge and conversion.” Leveraging these three technological strengths, we aim to expand our business in the following five areas: 1) Base of AI society, 2) Sustainable infrastructure and energy, 3) Efficient manufacturing, 4) Better life, and 5) Mobility innovation. Through our products and technologies, the NIDEC Group will provide solutions to various social challenges.

　　In order to become a global top-notch company that continues to grow beyond 100 years, organizational restructuring is as essential as our business strategy. Under the new management structure, constructive discussions are daily conducted in newly established committees to bring together all of our technological capabilities, establish a global human resources system, and formulate our common purpose to align all employees towards the same direction. Furthermore, it is also my significant mission to pass a corporate culture that supports the growth of the NIDEC Group on to future generations. Building upon the foundation established by the Founder, Mr. Nagamori, all employees of the NIDEC Group will unite as “One NIDEC” to achieve further growth.

　　As we go forward, I ask for your continued support. Thank you.

Representative Director and President CEO(Chief Executive Officer)
Mitsuya Kishida

　　To commemorate its 50th anniversary, we changed our company’s Japanese name from “Nihon Densan corporation” to “Nidec corporation” on April 1, 2023 to make a fresh start for our next target of the 100th anniversary. From this April, a new management led by our new president, Mr. Kishida (Chief Executive Officer) has started.

　　Going forward, to constantly take on challenges to make Nidec a true global company, I will continue to monitor Nidec’s new management as a Representative Member of the company’s Board of Directors and the global representative of the Nidec Group, to ensure that the new group management system functions smoothly. By delegating day-to-day operations to Mr. Kishida, the company’s Chief Executive Officer, I, as Nidec’s founder, will dedicate my efforts to instructing others to ensure that the corporate culture we have nurtured for the past 50 years will be passed on to future generations throughout the Nidec Group.

　　Your continued support and cooperation would be truly appreciated. Thank you.

Founder and Chairman of the Board
Shigenobu Nagamori

　　Nidec was established in 1973 with the motor business and has expanded its business areas focusing on drive technology. Since the establishment, I have funneled my efforts into the growth of the NIDEC Group primarily from a sales standpoint. I will continue to support the new management by keeping in touch with our more than 100,000 employees worldwide and many other stakeholders and by striving to train younger employees.

　　Mr. Nagamori, Founder and Chairman of the Board, will continue to lead our M&A activities, which are indispensable to our growth. In this area as well, I would like to contribute to building bridges between new companies joining the NIDEC Group and our management team, as well as to spreading our corporate culture.

　　We would be truly grateful for your ongoing support and cooperation. Thank you.

Member of the Board of Directors and Chairman
Hiroshi Kobe