Managerial Accounting Case Study
Introduction
The report consists of a detailed analysis of the Nidec Corporation and its management. The analysis rests heavily on the vision of the organization, which is to achieve the sales of ten trillion yen by 2030. The report mainly includes in detail the characteristics, company overview, its current status and the changes after acquisition of Sankyo Seiki in income statement of the company. It also includes a tabular data to show the expected statement of financial position of the Nidec Corporation by 2015. Besides, the report contains a thorough overview of how the company functions.
The overview of Nidec Corporation
Established in 1973, Nidec Corporation is a Japanize company whose principal activity is to manufacture the equipment of a motor industry. The company uses brushless motors in its extensive manufacturing line – from small precision to large motors resting on the notion “Everything that spins and moves”. The utilization of the equipment ranges from domestic markets to the other parts of the world. These products of the company have become essential to the society now. The current CEO, President and Chairman of the board is Shigenobu Nagarmori.
Characteristics of the Motor Industry
Motors are the electrical devices that transpose electrical energy to mechanical energy. The different sizes of motors – small and precision motors – are widely used in home appliances, automobiles, electric elements and various devices that require mechanical energy for functionality. Another kind of motors is the brushless motors that are broadly used and are both costly and customizable. These motors are utilized on customer preferences, so they help gain a great market share. The secret of success of Nidec Corporation is the utilization of brushless motors from the beginning. It has 20% of precision motors and res is the PC hard disk industry.
Current Position of Nidec Corporation
The chairman and CEO of the Nidec Corporation had used proactive management techniques to the company from 1990when the storage of the computer hard disks started to develop rapidly, and the utilization of quantity of data increased profusely. In 1997, the corporation developed Kyori and Tosok that systematically manufacture the measuring elements, instruments and processes. Sakyo Seiki was also developed by the Nidec Corporation in the year 2003. It was operated on the primarily technological processes that included fluid dynamic bearings. In 2000, the company had acquired the industrial Y-E Drive motor producer in order to reduce its trust in IT sector.
Changes in the Income Statement of Nidec Corporation After Acquisition
The company enjoys profits after the acquisition of Sankyo Seiki.
Management Method Application
In 2019, the Nidec Corporation established more than sixty acquisitions and mergers; this rigorous move contributed to raising the economic strength of the company. The obedience to the merger and acquisition also augmented the development of the whole organization, ultimately making it a group of different businesses. Where other Japan-based companies were unsuccessful mergers and acquisitions, the Nidec Corporation climbed to its moderate heights by mergers and acquisitions. That was what made this corporation make huge profits.....
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