On October 24, Nidek CEO Mitsuya Kishida talked about the company’s China business of “E-Axle,” a drivetrain for electric vehicles (EVs) that integrates a motor, reducer and inverter, which is still struggling. second quarter (July-September) with a surplus,” he said. With the release of third-generation products scheduled for the October-December period, the company said, “We are developing our business with the decision not to we will always be in red in the future.”
Cumulative sales for the period April-September 2024 were 1,293.8 billion yen, an increase of 11.8% compared to the same period of the previous year, the highest ever for the period April-September 2024 for of the current fiscal year, the previous one has a forecast of 2.5 trillion yen unchanged. CEO Kishida said it took eight years to reach 2 trillion yen in sales, which was achieved in 2019, and “I think it will be six years before we reach 3 trillion yen.”
Nidek aims for medium and long-term growth by developing 1) mobility products such as in-vehicle parts, 2) improving the production efficiency of machine tools, 3) AI (artificial intelligence) such as data centers, and 4 ) durable products such as generators and storage batteries. yen in the fiscal year ending March 2031, including additional gains through M&A that I am targeting.
When asked about the future direction of M&A strategy, CEO Kishida said that in order to “become a truly global 10 trillion yen company,” in addition to large-scale M&A deals, he would like to pursue projects which fills gaps in five industries. areas. “A combination of both is needed,” he said.
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2024-10-24 20:40:00
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