Nidec, a major electronic component manufacturer, announced its medium-term management plan up to 2025 on the 21st.
Among them, the company announced a policy to increase sales by 2.4 times to 4 trillion yen over the next five years by expanding the business for EVs = electric vehicles.
Nidec announced its medium-term management plan up to 2025 in line with the announcement of financial results on the 21st.
Among them, it announced a policy to raise sales to 4 trillion yen by expanding the in-vehicle business such as the production of motors for EVs and proceeding with the acquisition of companies.
Last year's sales were 1,618 billion yen, which will increase 2.4 times in five years.
It also announced that it will start considering establishing a joint venture with Hong Hai Precision Industry Co., Ltd. in Taiwan for the production of motor-related products for EVs.
On the other hand, in the three-month financial results from April to the end of last month, sales of motors for EVs were strong in China, and sales reached a record high of 447.4 billion yen for this period.
The final profit was 33.4 billion yen, an increase of 66% compared to the same period last year.
Chairman Shigenobu Nagamori, who met online, said, "It is not easy to realize the plan, but it is a goal within the possible range. I did.