Nidec Executes Stock Transfer Agreement on Nidec Copal Electronics’ Acquisition of Midori Precisions
1. Outline of the company to be acquired
(1) |
Company name |
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(2) |
Headquarters |
The city of Hamura, |
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(3) |
Foundation |
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(4) |
Director |
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(5) |
Business bases |
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(6) |
Principal businesses |
Development, manufacturing, and sale of potentiometers and encoders |
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(7) |
Number of employees |
Approximately 130 (as of |
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(8) |
Sales |
Fiscal year ended |
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(9) |
Operating profit |
Fiscal year ended |
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2. Purpose of the Stock Acquisition and management policies going forward
With no overlaps in the potentiometer and encoder product lineup between them, Midori Precisions and
Not only will the Stock Acquisition enable the use of Midori Precisions’ technological strength and Nidec Copal Electronics’ production and manufacturing technologies and global sales channels to create synergies, it will ensure investment in Midori Precisions in a timely and appropriate manner. Thus, the two companies will be able to make the position sensing (i.e. potentiometer and encoder) business a new pillar of the
3. Effect on Financial Performance for the Current and Next Fiscal Year
The Stock Acquisition is expected to have no significant impact on the Company’s consolidated financial performance for this fiscal year ending
View source version on businesswire.com: https://www.businesswire.com/news/home/20230314006101/en/
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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