Dependence on the Founder and Chief Executive Officer

「Making the transition from founder-dependent management to management based on highly transparent systems and organisations our top priority, we are implementing the following measures.」

「It was confirmed that Kishida Mitsuya (岸田光哉) had also engaged in conduct concerning financial reporting that could not necessarily be considered appropriate.」

「We will newly establish a global headquarters structure centred on CxOs, changing from management driven by the founder's strong leadership to a systematised organisational and functional structure. Under this management structure, business-unit leaders and functional leaders (CxOs) will work together to promote swift and bold reforms aimed at resolving various business challenges going forward.」

「Kishida Mitsuya (岸田光哉) became president effective 1 April 2024, and the new management structure began.」

「For growth over the next 50 years, under the new president, Kishida Mitsuya (岸田光哉), we are working to build a corporate group capable of competing globally in order to pass the “Nagamori spirit” and the “Nidec Way” (guidelines and standards for the conduct of all employees) on to the next generation and realise our corporate philosophy and vision: “A global company that continues to grow for more than 100 years” and “The world's No. 1 solutions group that resolves many of the challenges facing humanity.”」

「Under the management structure led by Nagamori Shigenobu (永守重信) and Obe (小部), we will pursue NIDEC's characteristic speed of management and aim to achieve sales of ¥4 trillion in 2025 and ¥10 trillion in 2030. This structure is temporary, based on the succession plan, and 5 vice presidents have been appointed from internal personnel who embody NIDEC's corporate culture. The company plans to decide on the next president in fiscal 2024 from among the appointed vice presidents.」

「Under the management structure led by Nagamori Shigenobu (永守重信) and Obe (小部), we will pursue NIDEC's characteristic speed of management and aim to achieve sales of ¥4 trillion in 2025 and ¥10 trillion in 2030. This structure is temporary, based on the succession plan, and the company plans to appoint a vice president in fiscal 2023 and decide on the next president in fiscal 2024 from among internal personnel who embody NIDEC's corporate culture.」

「To move away from this structure, we had actively promoted the appointment of executives, primarily from outside the company, including potential successors. However, amid the current environment in which various economic and political risks have emerged, we were unable to produce a new leader capable of driving growth under NIDEC's founding principle of “Act quickly, always act, and keep acting until it is done.” Accordingly, we have decided to appoint Obe (小部) as Representative Director and President (Chief Operating Officer), alongside Nagamori Shigenobu (永守重信), Chief Executive Officer, as a person with the judgement and speed needed to overcome this difficult situation and who has supported NIDEC since its founding.」

「Although Seki Jun (関潤), Representative Director and President, had served as Chief Executive Officer since 22 June 2021, in light of the current environment in which various economic and political risks have emerged, the company will operate under a structure in which Nagamori Shigenobu (永守重信) assumes responsibility for management as Chief Executive Officer, while Seki Jun (関潤), as Representative Director and President (Chief Operating Officer), focuses on the automotive business, one of the principal businesses in Nippon Densan's medium- to long-term management plan.」

「From 22 June 2021, Nagamori Shigenobu (永守重信) became exclusively Representative Director and Chairman, while the company changed to a structure in which Seki Jun (関潤), as Chief Executive Officer, bears ultimate responsibility for the execution and results of management.」

「To move away from dependence on the founder, we had actively promoted the appointment of executives, primarily from outside the company, including potential successors. However, amid the current environment in which various economic and political risks have emerged, we were unable to produce a new leader capable of driving growth under NIDEC's founding principle of “Act quickly, always act, and keep acting until it is done.” Accordingly, we have appointed Seki Jun (関潤), who has been supporting NIDEC since its founding, as Representative Director and President (Chief Operating Officer), working alongside Nagamori Shigenobu (永守重信), the Chief Executive Officer, as a person with the judgement and speed needed to overcome this difficult situation.」

「Going forward, the management team of the NIDEC Group, led by our newly appointed Representative Director, President and Executive Officer (Chief Operating Officer), Yoshimoto Hiroyuki (吉本浩之), will strengthen organisational coordination and formulate and execute the Group's business strategy.」

「NIDEC's continued success depends primarily on the capabilities and leadership of its founder, Chairman and President (Chief Executive Officer), Nagamori Shigenobu (永守重信).」

「NIDEC's continued success depends primarily on the capabilities and leadership of its founder, Chairman and President (Chief Executive Officer), Nagamori Shigenobu (永守重信).」