Strengthening the machine-tool business and E-Axle gear technology through the acquisition of Mitsubishi Heavy Industries Machine Tool Co., Ltd.

「The Machinery Business Headquarters recorded total sales of ¥100.121 billion. This reflected higher revenue from the impact of newly consolidated subsidiaries and foreign exchange movements. Operating profit was ¥12.734 billion, due to higher sales.」

「The company will pursue synergies in component technology development, manufacturing and sales between the existing reducer and press businesses of 日本電産シンポ㈱ (now ニデックドライブテクノロジー㈱). In addition, the company expects the technology of ニデックマシンツール㈱ to contribute to efforts toward future in-house production within NIDEC.」

「日本電産シンポ recorded total sales of ¥128.567 billion. This reflected higher revenue from can-making presses, which benefited from the shift away from plastics, as well as sales growth from entering the machine-tool business. Operating profit was ¥15.930 billion.」

「日本電産シンポ recorded total sales of ¥85.353 billion. This reflected higher revenue from can-making presses, which benefited from the shift away from plastics, as well as sales growth from entering the machine-tool business. Operating profit was ¥11.396 billion.」

「Revenue in the Equipment and Systems product group increased 63.7% year on year to ¥73.090 billion, including the ¥4.4 billion year-on-year increase attributable to foreign-exchange effects, driven by higher revenue from semiconductor inspection equipment benefiting from strong 5G demand and can-making presses capturing the shift away from plastics, as well as entry into the machine-tool business.」

「Sales and profit for the year attributable to owners of the parent included sales of ¥22.774 billion and profit for the year attributable to owners of the parent of ¥1.663 billion from the acquired business of 日本電産マシンツール from 2 August 2021 onward.」

「Sales and profit for the quarter attributable to owners of the parent for the cumulative third-quarter period included sales of ¥12.977 billion and profit for the quarter attributable to owners of the parent of ¥1.055 billion from the acquired business of 日本電産マシンツール from 2 August 2021 onward.」

「Sales and profit for the quarter attributable to owners of the parent for the cumulative second-quarter period included sales of ¥4.627 billion and profit for the quarter attributable to owners of the parent of ¥538 million from the acquired business of 日本電産マシンツール from 2 August 2021 onward.」

「On 2 August 2021, the Group completed the acquisition of shares in 三菱重工工作機械株式会社, the acquisition of all shares held by the Mitsubishi Heavy Industries Group in 3 overseas subsidiaries engaged exclusively in the machine-tool business, and the acquisition of the machine-tool businesses operated by those overseas subsidiaries.」

「Transaction execution date: on or after July 2021 (予定)」

「At a meeting held on 4 February 2021, the Board of Directors resolved to acquire from Mitsubishi Heavy Industries,Ltd. (hereinafter, “MHI”) the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (hereinafter, “MHI Machine Tool”), which designs, manufactures and sells machine tools, cutting tools and related products, to acquire all shares held by the MHI group in 3 overseas subsidiaries whose sole business is the machine-tool business, and to acquire the machine-tool businesses operated by 9 overseas subsidiaries (hereinafter, the “Share Acquisition”), among other matters. On 5 February 2021, the company entered into a transfer agreement with MHI concerning the Share Acquisition and related transactions. The Share Acquisition is an important initiative aligned with NIDEC’s EV strategy, as it will enable NIDEC to acquire personnel with expertise in MHI Machine Tool’s gears and advanced technical capabilities. Transaction execution date: May 2021 (予定).」