Nidec: One of Japan rare mergers and acquisitions specialists, Nagamori became a billionaire by cobbling together 41 companies to form the world biggest maker of precision motors used in hard disk drives, among myriad other products, according to The Japan Times. Visitors to Nidec headquarters in Kyoto can see the wooden shed, preserved in the lobby, where Nagamori started the company next to his mother farmhouse in 1973. He’ll be 85 then. I’m joking when I say I’ll keep going until I’m 120, but I plan to keep doing it at least until we hit the target, the 70-year-old said in an interview, dressed in a dark suit and his trademark Day Glo green necktie. Even the company own reports cite dependence on Nagamori as a business risk. What becomes of Nidec without its founder is a concern for analysts and investors, who lay credit for its explosive growth almost entirely at Nagamori feet.
(news.financializer.com). As
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Tagged under Nidec, precision motors topics.