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INFORMATION

Mar. 31, 2023

Completed the acquisition of all the shares of
Midori Precisions Co., Ltd.

We, Nidec Copal Electronics Corporation (“Company”) announced today that the Company has completed the acquisition of all shares of Midori Precisions on March 31th, 2023 (Japan time) based on the Company's March 15th, 2023 press release, “Executed a stock transfer agreement on the acquisition of Midori Precisions Co., Ltd..

Outline of the new subsidiary

(1) Company Name
  •  (1) 
  • Company Name
    Midori Precisions Co., Ltd.
(2) Headquarters
  •  (2) 
  • Headquarters
    The city of Hamura, Tokyo, Japan
(3) Foundation
  •  (3) 
  • Foundation
    July 1952
(4) Director
  •  (4) 
  • Director
    Hitoshi Ohira, Representative Director and President
    (who will be dispatched from Nidec Copal Electronics.)
(5) Business bases
  •  (5) 
  • Business bases
    Tokyo (Headquarters and Factory), and Osaka (Sales)
(6) Principal businesses
  •  (6) 
  • Principal businesses
    Development, manufacturing and sale of potentiometers and, encoders
(7) Number of employees
  •  (7) 
  • Number of employees
    Approx. 130 (as of March 2023)
(8) Sales
  •  (8) 
  • Sales
    2.788 billion yen (Fiscal year ended March 31, 2022)
(9) Operating profit
  •  (9) 
  • Operating profit
    495 million yen (Fiscal year ended March 31, 2022)

For further information, click here to refer to the news release PDF issued by Nidec Corporation, our parent company.

INFORMATION(A BUSINESS YEAR)

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