Management Message

　　The net sales for the full fiscal year 2024 were 2,607.8 billion yen, and operating profit was 238.1 billion yen, both reaching new recoeds. 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. It is also my critical mission to build a robust organizational foundation that supports the sustainable growth of the NIDEC Group. Under this new management structure, all employees will work as one 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