This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Nidec Completes Acquisition Of Honda Elesys Co., Ltd. And Announces Outline Of Its New Subsidiaries

KYOTO, Japan, March 31, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company" or "Nidec") today announced that it has completed the acquisition of all of the shares in Honda Elesys Co., Ltd. ("Elesys") from Honda Motor Co., Ltd., NEC Corporation, Showa Corporation and Nissin Kogyo Co., Ltd. on March 31, 2014 (the "Transaction").

As a result of the Transaction, Elesys became a consolidated subsidiary of Nidec, as outlined below:

1. O utline of New Subsidiaries

A. Company Names

Japan: NIDEC ELESYS CORPORATION
US: NIDEC ELESYS AMERICAS CORPORATION
China: NIDEC ELESYS (ZHONGSHAN) CORPORATION
Thailand: NIDEC ELESYS (THAILAND) CO., LTD.

B. Outline of NIDEC ELESYS CORPORATION 

(1) Headquarters: North Square I, Yokohama Business Park
  134 Godo-cho, Hodogaya-ku, Yokohama City, Kanagawa, Japan
   
(2) Directors and Officers:  
Representative Director and Chairman  Bunsei Kure
of the Board of Directors (non-executive): (Director and Executive Vice
  President of Nidec)
Representative Director and President: Katsuhiko Takebe
Senior Vice President: Mitsuhiro Ohama
Senior Vice President: Toshiyuki Mieno
Director: Michihiro Kumashiro
Director: Toshiyuki Taniguchi
Director: Sunao Saeki
Director (non-executive): Kazuya Hayafune
  (Director and First Senior Vice
  President of Nidec)
Director (non-executive): Toyohei Nakajima
  (Vice President of Nidec)
Corporate Auditor: Kenji Kamijo
Corporate Auditor (part-time): Yoshihisa Kitao
  (Vice President of Nidec)
   
(3) Principal Locations of Operation: Kanagawa Prefecture (Japan), US, China, and Thailand
   
(4) Principal Businesses: Development, manufacturing and sale of automobile electronic control units for car bodies
   
(5) Employees: 875 (as of March 2014, consolidated)

2.  Future Operation Policy

Elesys is one of the world-leading electronics system manufacturers that develops, manufactures and sells electronic control units for automobiles.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,244.41 +111.71 0.62%
S&P 500 2,112.80 +8.30 0.39%
NASDAQ 4,997.0340 +33.5070 0.68%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs