Regard changes in the market environment as chances, and forge ahead to achieve the mid-term strategic goal!
We aim to achieve annual sales of two trillion yen and an operating profit ratio of 15% or higher in FY2020 (fiscal year ending March 2021). Despite the current changes in the market environment, the level of our customers’ interest in our products for a mid- to long term remains strong. We will ride the five innovative waves, i.e., the four existing waves of “automotive electrification,” “expansion of robot applications,” “home appliances driven by brushless DC motors,” and “manpower-saving in agriculture & logistics” combined with the fifth and new wave of “next-generation technologies stemming from 5G communications” to forge ahead to achieve our mid-term strategic goal.
As changes take place in the market environment in China and elsewhere, we regard them as chances for us to capture the market’s demand after it recovers to what it was before. To turn adverse challenge into a chance as we always have, we squat slightly to gather strength for now, to make a leap towards future success.
Shigenobu Nagamori Founder, Chairman and CEO Nidec Corporation
Under the new management, maintain and enhance the speed of our business to ensure a steady growth!
In FY2018, despite a good start we were off to in its first half, the decline in the demand for our products and the large-scale inventory adjustment in the second half due to a tumultuous market environment forced us to revise downward our consolidated financial forecasts for the fiscal year. The FY2018 net sales increased, but operating profit decreased year on year. Nonetheless, the trend of technological innovation will remain unchanged over the medium and long term, creating an increasingly high demand for our products. Thus, we will capture chances in these times of uncertainty to ensure a steady growth.
At Nidec, we hold a COO-led executive meeting to enhance our collective executive leadership under the new management. While transforming our group’s founder-controlled management system to a group-oriented, independently running organization, we will ensure to remain quick and efficient in decision-making, and adopt a collective executive system to become even more competitive while maintaining our strength of legerity.
Hiroyuki Yoshimoto President and COO Nidec Corporation