Nidec announced on the 24th last year that the group-wide settlement of accounts for the past year was over 1.488 billion yen in sales, against the backdrop of rising demand for automobiles and home appliances, the main motors Sales of products rose sharply, as well as corporate acquisitions progressed, which increased 24.1% from the previous fiscal year.

The final profit increased by 18.4% to 131.4 billion yen or more, both sales and final profit updated for the fourth consecutive year.

In addition, we anticipate that sales for this fiscal year will be 1,555.5 billion yen and final profit will be 145 billion yen, both of which are expected to continue to record the highest ever, EV = for electric vehicles In order to strengthen production capacity, we plan to invest 500 billion yen in the next three years.

Nagamori Chairman and President said at a press conference, "I think that the field of electric vehicles will grow very rapidly, we will aim for the world's top by proactively investing."

In Nidec, Mr. Ebisuke founder will retire from the president in June this year and devote himself to the position of president, Hiroyuki Yoshimoto vice president will be appointed as succeeding president.