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Nidec (6594) · InitiativeDisclosed a review of orders for unprofitable models and significant automotive lossesLatest Changes in Officers (2026-03-31): "Advanced"

Development and Launch of Mass Production of Traction Motor Systems (E-Axle)

First written in FY2020-Q2. 10 of 21 entries say "Advanced", first in FY2020-Q3. Latest entry: 2026-03-31.

21entries
8years
1from disclosures
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ProgressHeldSoftenedWorseRestatedFY2021-Q1 – FY2022-Q1AdvancedFY2024 – FY20252019: 12020: 420202021: 220212022: 420222023: 420232024: 320242025: 220252026: 1
Same theme, other companies
Development and Mass Production of Electric Drive Products for Next-Generation MobilityA theme 9 companies write about · 0 as a headwind · 11 as a tailwind

5 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-03-31AdvancedChanges in Officers

    「The Traction Business Division and the Inverter Business Division will be integrated into the Traction Business Division, under which the Development Division, Project Management Division and Operations Division will be newly established.」

    Within the Automotive Business Headquarters, the Traction Business Division and Inverter Business Division are being integrated, while development, project management and administrative functions are being reorganized.
  2. FY2026-H1Disclosed a review of orders for unprofitable models and significant automotive lossesAnnual report

    「In Automotive, the company is working to improve profitability by thoroughly reviewing orders for unprofitable models and reducing fixed costs, while continuing to bring mobility innovation to the market through a diverse range of products and related modules that contribute to the electrification and automation of mobility.」

    In the Automotive business, including the E-Axle, the company stated that it would continue providing products and modules while reviewing orders for unprofitable models and reducing fixed costs as measures to improve profitability.
  3. FY2025AdvancedAnnual report

    「The company integrated power-supply functions into its existing 3-in-1 system comprising an inverter, gear and motor, developing it into a 7-in-1 system. By integrating multiple functions at the vehicle level, it significantly reduced space requirements and raw-material usage, while also pursuing thorough localization of procurement. It began mass production of a smaller, lighter and lower-cost E-Axle for third-generation EVs.」

    The E-Axle progressed from development and mass-production launch preparations to mass production of the 7-in-1 system and execution of the third-generation product rollout.
  4. FY2025-H1AdvancedAnnual report

    「The EV traction motor-related business in the Chinese market turned profitable during the second quarter of the current consolidated fiscal period.」

    The company shifted its strategy to prioritize profitability, restricted orders for unprofitable models, reduced costs and fixed costs, and turned profitable in the Chinese market.
  5. FY2024AdvancedAnnual report

    「The EV traction motor-related business has "restarted" in line with the strategic shift, and the new structure is beginning to gain traction as we pursue challenges at speed toward future growth, making the most of the inherent strengths of the NIDEC Group.」

    The EV traction motor business was shifted to prioritize profitability, with orders for unprofitable models restricted, fixed costs reduced, and a restart under the new structure. The Automotive operating loss narrowed from ¥42,291 million in the previous fiscal year to ¥31,192 million.
  6. FY2024-Q3ReframedAnnual report

    「In line with its strategic shift, the EV traction motor business will restart. With a new organization capable of competing successfully, following a significant review of personnel across all divisions as well as management, the Company will pursue future growth with speed while fully leveraging the inherent strengths of the Group.」

    In addition to the previous explanation that development and mass-production launches for E-Axle systems would proceed, the Company is restarting the EV traction motor business and reshaping its strategy around profitability as the top priority and future growth under a new organization.
  7. FY2024-Q2AdvancedAnnual report

    「Operating profit increased 199.5% year on year to ¥16,363 million, due to an improved product mix in traction motor systems, including E-Axle systems, and substantial fixed-cost reductions resulting from the restructuring carried out in the previous fiscal year.」

    Improved E-Axle product mix and fixed-cost reductions brought first-half operating profit in the Automotive Products Group to ¥16,363 million, up 199.5% year on year.
  8. FY2024-Q1AdvancedAnnual report

    「Operating profit increased ¥11,060 million year on year to ¥11,028 million, driven by an improved product mix in traction motor systems, including E-Axle systems, and substantial fixed-cost reductions, among other factors. The operating margin recovered to 8.0%.」

    Improved E-Axle product mix and fixed-cost reductions brought the Automotive Products Group back from an operating loss in the previous year to operating profit of ¥11,028 million and an operating margin of 8.0%.
  9. FY2023Higher E-Axle revenue and an automotive operating lossAnnual report

    「Revenue in the Automotive Products Group increased 24.4% year on year to ¥519,654 million, including a positive foreign-exchange impact of approximately ¥46.6 billion, due to higher revenue from traction motor systems, including E-Axle systems, despite the continued effects of Russia's invasion of Ukraine and customers' difficulties in procuring semiconductors and other electronic components.」

    Automotive revenue increased 24.4% on E-Axle and other products, while automotive operating loss, including restructuring costs and the burden of development and production launches, was ¥42,291 million.
  10. FY2023-Q3AdvancedAnnual report

    「Revenue in the Automotive Products Group increased 31.0% year on year to ¥394,509 million, including a positive foreign-exchange impact of approximately ¥36.7 billion, despite the effects of Russia's invasion of Ukraine, continued difficulties faced by customers in procuring semiconductors and other electronic components, and the spread of COVID-19 in China. The Company also passed higher costs through to selling prices and implemented ongoing cost improvements and fixed-cost optimization, with the effects of improvements particularly evident in the traction motor systems, including E-Axle systems.」

    The Company stated that improvement effects had emerged in addition to higher E-Axle revenue, while the Automotive Products Group recorded an operating loss of ¥2,562 million due to restructuring costs and other expenses.
  11. FY2023-Q2Automotive operating loss widened due to continued E-Axle development costsAnnual report

    「AMEC recorded total revenue of ¥148,828 million. This reflected higher revenue from traction motor systems, including E-Axle systems, and the foreign-exchange impact. It also recorded an operating loss of ¥8,637 million as it continued to record development costs for traction motor systems, including E-Axle systems, for which orders were rapidly expanding.」

    Although E-Axle revenue increased, AMEC posted an operating loss of ¥8,637 million as a result of continuing to record development costs in response to expanding orders.
  12. FY2023-Q1RestatedAnnual report

    「The Automotive Products Group recorded an operating loss of ¥32 million, a year-on-year decline of ¥4,924 million, including a positive foreign-exchange impact of approximately ¥3.9 billion, as the Company continued to record development costs and other expenses for traction motor systems, including E-Axle systems, for which inquiries and orders were rapidly expanding.」

    The Company reconfirmed the increase in inquiries and orders for E-Axle systems and the continued recording of development costs, while the Automotive Products Group posted an operating loss due to development costs and other expenses.
  13. FY2022RestatedAnnual report

    「Operating profit in the Automotive Products Group fell 45.3% year on year to ¥10,675 million, due to the impact of electronic components such as semiconductors at customers, as well as continued development costs and other expenses for traction motor systems, including E-Axle systems, for which inquiries and orders were rapidly expanding.」

    The Company reconfirmed the sharp increase in inquiries and orders for E-Axle systems and the continued recording of development costs, while automotive operating profit declined due to development costs and other expenses.
  14. FY2022-Q3AdvancedAnnual report

    「Despite higher revenue, operating loss was ¥6,505 million because the Company continued to record development costs and other expenses for traction motor systems, including E-Axle systems, for which inquiries and orders were rapidly expanding.」

    The Company stated that inquiries and orders for E-Axle systems were rapidly expanding and that it remained in the phase of continuing to record development costs.
  15. FY2022-Q1RestatedAnnual report

    「The Automotive product group has pursued research and development and other initiatives aimed at providing high-value-added modular products incorporating drive motors for EVs and PHEVs, based on core motor technologies and advanced technologies.」

    The Company continues to record development costs for drive motors for EVs and PHEVs and E-Axle systems and continues development. Automotive operating profit was ¥4,892 million, supported by a recovery in revenue and cost improvements.
  16. FY2021-Q3RestatedAnnual report

    「Operating profit fell 32.6% year on year to ¥12,074 million. Profit from existing products other than traction motors recovered sharply from its trough in the first quarter and continued to improve to an operating margin above 10%, but the Company continued to record upfront development costs and other expenses for rapidly growing traction motor systems, including E-Axle systems.」

    The Company stated that it continues to improve the operating margin of existing automotive products other than traction motors to above 10% while continuing to record upfront development costs for E-Axle systems and other products.
  17. FY2021-Q2RestatedAnnual report

    「Operating profit fell 67.6% year on year to ¥4,397 million. Although the Company continued to record development costs and other expenses for rapidly growing traction motor systems, including E-Axle systems, it made every effort to achieve all possible cost improvements through the WPR4 project.」

    The Company continues to record development costs for E-Axle systems and other products and to pursue development, while upfront development costs and other expenses remain factors reducing operating profit in the Automotive Products Group.
  18. FY2021-Q1RestatedAnnual report

    「The Automotive product group has pursued research and development and other initiatives aimed at providing high-value-added modular products incorporating drive motors for EVs and PHEVs, based on core motor technologies and advanced technologies.」

    The Company continues R&D into high-value-added modular products incorporating drive motors for EVs and PHEVs. It also continues to record development costs for E-Axle systems and other products.
  19. FY2020AdvancedAnnual report

    「Operating profit decreased 14.6% year on year to ¥110,326 million, due to additional costs of approximately ¥14 billion related to upfront investment for the development and production launch of rapidly growing traction motor systems, including E-Axle systems, an approximately ¥3 billion increase in one-time acquisition costs, and the foreign-exchange impact, which reduced profit by approximately ¥7.7 billion.」

    Upfront investment in the development and production launch of E-Axle systems and other products increased to approximately ¥14 billion for the year, reflecting progress in the mass-production and development phases of the automotive business.
  20. FY2020-Q3AdvancedAnnual report

    「Revenue in the Automotive Products Group increased 8.6% year on year to ¥243,021 million, due to the impact of the acquisition of OMRON Automotive Electronics, hereinafter Nidec Mobility, and higher revenue from the full-scale start of mass production at the traction motor plant.」

    The traction motor plant entered full-scale mass production, contributing to higher revenue in the Automotive Products Group. Upfront investment in the development and production launch of E-Axle systems and other products increased to approximately ¥12 billion.
  21. FY2020-Q2First statedAnnual report

    「Additional costs of approximately ¥8.5 billion related to upfront investment for the development and production launch of traction motor systems, including E-Axle systems, for which demand is rapidly expanding」

    The Company has identified as a separate theme its initiatives to advance development and production launches for E-Axle systems and other products in response to expanding demand. The Automotive Products Group also disclosed the full-scale start of mass production at its traction motor plant.
Moved together

"Improvement in Profit Margins and Operating Profit Through Cost Improvements" moved the same way as this thread, in the same document, in 7 of its 21 moves.

766666★123456
  1. ★This thread
  2. 1Improvement in Profit Margins and Operating Profit Through Cost Improvements7×
  3. 2Shifting the portfolio from information equipment toward automotive, home appliance, commercial and industrial applications6×
  4. 3Growth in automotive and home appliance, commercial and industrial businesses6×
  5. 4Transition from federated consolidated management to integrated group management6×
  6. 5Consecutive Revenue and Profit Growth and Record-High Performance6×
  7. 6Expanding products, technologies and customer bases through M&A6×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Nidec yet. It last moved in the Changes in Officers of 2026-03-31: "Advanced".
News
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Development and Launch of Mass Production of Traction Motor Systems (E-Axle) | NIDEC CORPORATION (6594) | Komori