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Billionaire founder of Nidec hands reins to ex-Nissan star

Apr 27, 2021 Almost half a century after founding his pioneering motor maker on the family farm, Japanese billionaire Shigenobu Nagamori is handing over leadership of Nidec Corp. to a former Nissan Motor Co. executive to lead an ambitious pivot into the electric-vehicle space. Jun Seki will take over from Nagamori as chief executive officer, the Kyoto-based company said last week as it announced better-than-projected annual results. The leadership change, which comes a little over a year after Seki’s move from Nissan, will be finalized when Nidec’s board meets June 22. Nagamori, who founded Nidec in a shack in 1973, will remain chairman.

Billionaire founder of Nidec hands reins to ex-Nissan star

Billionaire founder of Nidec hands reins to ex-Nissan star
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Nidec to buy back shares as outlook improves and profit, sales top estimates

Nidec to buy back shares as outlook improves and profit, sales top estimates Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ Jun Seki, president and chief operating officer of Nidec Corp., says the company has attracted 15 new inquiries about its EV motors. | BLOOMBERG Bloomberg Jan 26, 2021 Nidec Corp. has raised its annual outlook and said it will buy back shares after reporting quarterly profit and sales that topped analysts’ estimates, underscoring strong demand for motors by automakers and other companies seeing higher sales due to the pandemic.

Chip materials maker JSR to nominate ValueAct exec to board

By Reuters Staff 2 Min Read TOKYO (Reuters) - Japanese chip and display materials maker JSR Corp said on Monday it will nominate a partner of activist investor ValueAct Capital to be an external board director, a rare move in the country where activists are still viewed with suspicion by many. The nominee, ValueAct’s Robert Hale, marked a milestone in Japan’s corporate governance two years ago by joining the board of medical equipment and camera maker Olympus Corp. ValueAct Capital became a major shareholder in JSR with more than a 7% stake early last year. JSR, established in 1957 as a government-backed synthetic rubber maker, now supplies materials to global chip and display makers.

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