Registry records of NIDEC's overseas subsidiaries

analysisNIDEC's annual securities reports list Nidec Automotive Motor (Zhejiang), in Pinghu, Zhejiang, as a consolidated subsidiary with capital of USD 135,966 thousand and 100.0% of the voting rights, of which 9.9% was held indirectly at 31 March 2023 and 8.4% at 31 March 2026; the report for the fiscal year ended 31 March 2025 records its establishment in February 2006. ^{1 2 3}

analysisAn online encyclopedia entry citing business-registration data — a secondary summary, not an extract from the official register — gives the Chinese name 尼得科汽车马达（浙江）有限公司 (formerly 日本电产汽车马达（浙江）有限公司), unified social credit code 91330400785669002W, establishment on 24 February 2006 with a business term to 23 February 2056, and the status 'existing'. It describes a foreign-invested limited liability company that is not wholly owned by one investor, with registered capital of USD 215,965,738.32, of which USD 135,965,738.32 is paid in; the paid-in amount corresponds to the capital in NIDEC's annual securities report. NIDEC's reports record that NIDEC established the company in China in February 2006 and that its Japanese name changed from the Nihon Densan to the Nidec form with effect from 1 March 2023; the encyclopedia dates the change of the Chinese name to May 2024. ^{4 3 1}

analysisOn ownership the two sources agree on the total but not on its split. According to the encyclopedia, the shareholders as of February 2026 were NIDEC CORPORATION with 94.6843% and Nidec Motor (Dalian) Co., Ltd. with 5.3157%, and the shareholder's Chinese name changed from the Nihon Densan to the Nidec form in May 2024. NIDEC's annual securities reports show 100.0% of the voting rights held, of which 9.9% indirectly at 31 March 2023, 5.3% at 31 March 2025 — close to the encyclopedia's 5.3157% through the Dalian subsidiary — and 8.4% at 31 March 2026, without showing through which group company the indirect share is held. The figures refer to different dates, the encyclopedia is not the official register, and the retained records do not explain the difference. ^{4 2 1 3}

analysisThe sources also differ on who chairs the company. The encyclopedia entry, which does not date its officer list, names 五十岚一嗣 — the Chinese form of the Japanese name Kazutsugu Igarashi — as legal representative and chairman, Feng Jing as general manager and director, two further directors and a supervisor, and states that two persons left and two directors joined in May 2024. NIDEC's notices of executive changes list Kazutsugu Igarashi (五十嵐 一嗣) as chairman of the company before and after the changes of 1 July 2022 and again in the changes effective 1 April 2024, whereas NIDEC's executive page as of 1 October 2026 lists Feng Jing as chairman and general manager. A customs-data aggregator, under the company's former name, still shows as legal representative a person whom the encyclopedia lists among those who left in May 2024. The match of 五十岚一嗣 to the former NIDEC executive rests on the name. ^{4 5 6 7 8 9}

analysisTaiwan's company registry, kept by the Commerce Development Administration of the Ministry of Economic Affairs, lists Nidec Chaun-Choung Technology Corporation (尼得科超眾科技股份有限公司) under unified business number 34005476 with status 'approved establishment' and overseas Chinese or foreign capital. The company was incorporated on 14 December 1973 and was named 超眾科技股份有限公司 (Chaun-Choung Technology) until a change approved on 8 January 2021. It has authorised capital of TWD 1,200,000,000 and paid-in capital of TWD 863,433,960 (86,343,396 shares of TWD 10), a registered address in Sanchong District, New Taipei City, and Yohei Sumikawa as representative; its last change was approved on 21 July 2026. ¹

analysisFor the board term 20 June 2025 to 19 June 2028 the registry lists Yohei Sumikawa as chairman and eight further directors, among them Yuji Tanaka, all as representatives of the corporate shareholder NIDEC CORPORATION, which is recorded as holding 74,514,982 shares, about 86.3% of the 86,343,396 issued shares; four independent directors complete the board, and one director seat and one independent-director seat are shown as vacant. The registry notes that the board term is information supplied by the company, not a statutory registration item. NIDEC's notice of 2 October 2026 on personnel changes at subsidiaries lists Yuji Tanaka, a NIDEC executive officer, as a director of the company. ^{1 2}

analysisThailand's Department of Business Development lists Nidec Electronics (Thailand) Co., Ltd. under juristic-person registration number 0105533101569 (former number 10156/2533) as an active limited company registered on 24 August 1990, with registered capital of THB 8,049,242,090.00 and its head office in Rangsit, Thanyaburi, Pathum Thani. It shows financial statements filed for 2021 to 2025 and five directors, among them Yuji Tanaka (data as of 5 October 2026). NIDEC's annual securities report records the establishment of the company, then called Thai Nidec, in August 1990. The registry gives directors' names in Thai script only; the match to NIDEC's executive Yuji Tanaka rests on NIDEC's notice of 2 October 2026, which lists him as one of its directors. ^{3 4 2}

analysisFor India the retained registration data are reproductions of Ministry of Corporate Affairs data by two business-data aggregators at different update dates. According to the first, NIDEC INDIA PRIVATE LIMITED (CIN U29100HR2010FTC041709) was incorporated on 16 December 2010, is classified as a subsidiary of a company incorporated outside India, is registered with the Registrar of Companies, Delhi, and is active, with authorised capital of Rs 8,000,000,000, paid-up capital of Rs 6,041,953,000 and a registered office in Gurugram, Haryana; its last balance sheet shown is for 31 March 2023. The second, updated on 5 October 2026, gives paid-up capital of INR 621.51 crore, a last annual general meeting in September 2025 and a factory in Majrakath, Alwar, Rajasthan. NIDEC's own subsidiary list at 31 March 2026 instead shows the company in Rajasthan with capital of INR 6,063,772 thousand and 100.0% of the voting rights (41.0% indirectly), and NIDEC's annual securities report records its establishment in December 2010; the retained records do not explain the differences in capital and address. ^{1 2 3 4}

analysisFrom Ministry of Corporate Affairs director records, the first aggregator lists Keiji Oshima (managing director since 1 March 2018), Yoshihisa Kitao (director since 27 September 2023) and Shigehiro Hatanaka (additional director since 10 May 2024) as current directors. The second, updated on 5 October 2026, lists Keiji Oshima as managing director and three additional directors but neither Kitao nor Hatanaka; neither aggregator shows a date on which they ceased. The first aggregator's list of past directors, without appointment dates, shows Hiroyuki Yoshimoto (ceased 1 April 2020), Mikio Katayama (ceased 30 September 2021), Jun Seki (ceased 2 September 2022) and Mitsuya Kishida (ceased 31 March 2024). NIDEC's annual securities report for the fiscal year ended 31 March 2022 listed Jun Seki as chairman of the board of Nidec India since April 2020. In the aggregator data, the match to the NIDEC executives of the same names rests on full names and group context. ^{1 2 5}

analysisThe first aggregator's reproduction of those director records also lists Keiji Oshima as a director since 28 September 2020 of Nidec Mobility India Private Limited (CIN U31908HR2007PTC036926), a company recorded at the same address in Gurugram as NIDEC INDIA PRIVATE LIMITED. A shared address and a common director do not by themselves show an ownership link between the two companies. ¹

analysisA prospectus of Eve Holding, Inc., filed with the US Securities and Exchange Commission under Rule 424(b)(5) and dated 6 August 2024, describes Nidec Motor Corporation as a Delaware corporation controlled by Nidec Corporation, which has voting, investment and dispositive power over the Eve shares Nidec Motor Corporation holds. It gives Nidec Motor Corporation's principal business office as 8050 W. Florissant Avenue, St. Louis, Missouri, and Nidec Corporation's as 338 Kuzetonoshiro-cho, Minami-ku, Kyoto. According to the prospectus, Nidec Motor Corporation acquired 5,000,000 shares of Eve common stock at $4.00 per share, $20,000,000 in total, under a subscription agreement of 28 June 2024, and was issued a warrant under an agreement of the same date to purchase 1,000,000 shares at $0.01 per share. ¹

analysisAccording to a business-data aggregator citing the Iowa Secretary of State, NIDEC MOTOR CORPORATION is registered in Iowa as a foreign for-profit corporation under number 662151, effective 24 March 2021, with its registered business location at 8050 W Florissant Avenue, St Louis, MO 63136 and C T Corporation System as registered agent. The record, a secondary reproduction of a state registration for an out-of-state corporation, does not show officers or owners; its address is consistent with the principal business office of the Delaware corporation named in the Eve Holding prospectus of 6 August 2024. ^{2 1}

analysisTwo other US subsidiaries appear in NIDEC's own documents. NIDEC's annual securities report for the fiscal year ended 31 March 2023 listed Nidec Automotive Motor Americas as a consolidated subsidiary in Michigan with capital of USD 0.01 thousand, 100.0% held indirectly, and stated that its Japanese name was changed from Nihon Densan to Nidec on 1 April 2023; the report for the fiscal year ended 31 March 2026 lists the company in Missouri with capital of USD 6,537 thousand. NIDEC's group network page describes Nidec Minster Corporation as a manufacturer and seller of forging press machines and precisely pressed products located at 240 West Fifth Street, Minster, Ohio 45865-0120. ^{3 4 5}

analysisBrazil's federal Transparency Portal lists NIDEC GLOBAL APPLIANCE BRASIL LTDA under CNPJ 29.958.609/0001-50 (head office), opened on 16 March 2018, as a limited business company (legal nature 2062) whose main activity is the manufacture of compressors (CNAE 28143), at Rua Rui Barbosa 1020, Costa e Silva, Joinville, Santa Catarina; its name history shows the former name EMBRACO INDUSTRIA DE COMPRESSORES E SOLUCOES EM REFRIGERACAO LTDA. The portal's table of partners and administrators lists NIDEC CORPORATION, with Brazilian taxpayer number CNPJ 33.348.039/0001-53, as a corporate partner domiciled abroad, together with Ronny Kein, Gustavo Rudolf Haverroth and Andre Paz Rosa without a stated qualification. The portal also shows the company as a recipient of federal government funds totalling R$ 468,571.78. ⁶

analysisTwo business-data aggregators citing the Brazilian Federal Revenue Service add dates: NIDEC CORPORATION has been the foreign corporate partner since 11 July 2019, Ronny Kein an administrator since 1 February 2023, and Gustavo Rudolf Haverroth and Andre Paz Rosa administrators since 11 May 2026. They give share capital of R$ 1,275,243,221.00, which matches the BRL 1,275,243 thousand in NIDEC's annual securities report. One aggregator also lists Ricardo Augusto Bristotti as an administrator without a start date; the other lists only the four entries above, and the official portal, which gives no dates or qualifications for the three individuals, does not list him either. The retained records do not explain the difference. ^{7 8 9 10 11 12 6}

analysisNIDEC GPM GmbH in Thuringia is identified by the GLEIF record for LEI 529900C2EWNZWE9CTX17: register number HRB 300562 with registration authority RA000273, legal and headquarters address Schwarzbacher Str. 28, 98673 Auengrund (Merbelsrod), Thuringia, entity active and LEI issued (first registered on 7 February 2014, next renewal 22 January 2027, fully corroborated). The record gives an entity creation date of 2 December 1990, 23:00 UTC, which is 3 December 1990 in German time, and points to reporting exceptions instead of naming a direct or ultimate parent; the reasons for those exceptions are not in the retained record. ¹

analysisA business-data aggregator citing the German commercial register shows NIDEC GPM GmbH at the Amtsgericht (district court) Jena under HRB 300562 (EUID DEY1206.HRB300562), entered in the register on 3 December 1990 under the former name Geräte- und Pumpenbau GmbH Dr (as abbreviated there) and carrying its current name since 5 February 2015. The register number matches the GLEIF record, and the entry date matches its creation date of 2 December 1990, 23:00 UTC, read in German time. NIDEC's annual securities report records that NIDEC acquired Geräte- und Pumpenbau GmbH Dr. Eugen Schmidt, now NIDEC GPM GmbH, in February 2015. ^{2 3 1}

analysisThe German parent of NIDEC GPM GmbH appears only indirectly. The same aggregator records a profit-transfer agreement with NIDEC MOTORS & ACTUATORS (GERMANY) GmbH (Amtsgericht Stuttgart HRB 302063), and that company's annual report for the year ending 31 March 2021, published on 23 September 2025, lists shareholdings in Nidec driveXpert GmbH and Nidec GPM GmbH. Another aggregator's list of register documents shows the latest shareholder list of NIDEC GPM GmbH dated 5 February 2015, but neither reproduces the list itself. NIDEC's annual securities report shows NIDEC GPM GmbH as 100.0% held indirectly as of 31 March 2026. ^{2 4 5 6}

analysisA business-data aggregator citing published annual accounts gives NIDEC GPM GmbH's total assets as €318.6 million and its revenue as €323.4 million for the year to 31 March 2024; these are stand-alone figures of the German subsidiary, not NIDEC consolidated figures. Another aggregator's list of commercial-register documents, current as of 6 October 2026, shows the accounts for the year from 1 April 2023 to 31 March 2024, disclosed on 4 June 2025, as the most recently filed annual accounts. ^{2 6}

analysisAccording to business-data aggregators citing the German commercial register, NIDEC MOTORS & ACTUATORS (GERMANY) GmbH is registered at the District Court of Stuttgart under HRB 302063 (EUID DEB8534.HRB302063) at Seewiesenstr. 9, 74321 Bietigheim-Bissingen. It was registered on 31 October 2001 as Valeo Motoren und Aktuatoren GmbH, took the name Nidec Motors and Actuators Germany GmbH on 19 February 2007 and its current name on 1 March 2007; a trade directory gives its tax ID number as DE 813 298 121. These are reproductions of register data, not a register extract. NIDEC's subsidiary list at 31 March 2026 shows the company in Baden-Württemberg with capital of EUR 50 thousand and 100.0% of the voting rights held by NIDEC. ^{4 7 5}

analysisThe aggregator's register history for the company records the end of a profit transfer to Valeo Germany Holding GmbH on 18 December 2006 and a 'control' entry naming it on 15 January 2007, a control and profit-transfer agreement with Nidec Electronics GmbH published on 2 August 2010, an annual report for the year to 31 March 2011 naming Nidec Electronics GmbH and Nihon Densan Kabushiki Kaisha (NIDEC) as shareholders, and the merger of Nidec Electronics GmbH into the company on 26 September 2017. NIDEC records acquiring Valeo S.A.'s motors and actuators business in December 2006; the agreements' content and the acquisition terms are not in the retained records. NIDEC's report for the fiscal year ended 31 March 2025 says the company it set up in Germany in April 1993 as 欧州日本電産 is now NIDEC MOTORS & ACTUATORS (GERMANY), while the Third-Party Committee lists Nidec Electronics GmbH as established in Germany in 1993; neither document states whether these are the same company. ^{4 3 8}

analysisThe aggregator's list of register publications for NIDEC MOTORS & ACTUATORS (GERMANY) GmbH shows the annual report for the year ending 31 March 2019 published on 3 March 2020, that for the year ending 31 March 2020 on 22 June 2022 and again on 9 March 2023, and that for the year ending 31 March 2021 on 23 September 2025; no later annual report appears in the list. The retained records give no reason for the publication dates. ⁴

analysisAccording to business-data aggregators citing the commercial register, NIDEC AMEC EUROPE GmbH is registered at the District Court of Stuttgart under HRB 764667 (EUID DEB8534.HRB764667) at Seewiesenstr. 9, 74321 Bietigheim-Bissingen. It was founded on 23 February 2018 and registered on 9 April 2018 with share capital of €25,000, and its stated corporate purpose is to act as the European AMEC headquarters, including the operational management of the NIDEC group's automotive business, setting strategic and operational targets and monitoring their implementation in affiliated companies, and providing services to AMEC companies. These are reproductions of register data, not a register extract. ^{9 10}

analysisA business-data aggregator citing the German commercial register lists Tuna Sürücü as current managing director of five German group companies: NMA Property Verwaltungsgesellschaft mbH (HRB 722243), NIDEC MOTORS & ACTUATORS (GERMANY) GmbH (HRB 302063), NIDEC GPM GmbH (HRB 300562), NIDEC driveXpert GmbH (HRB 505629) and NIDEC AMEC EUROPE GmbH (HRB 764667). Reproductions of the register publications date his appointments as managing director of NIDEC AMEC EUROPE GmbH to the entry of 18 November 2025, of NIDEC MOTORS & ACTUATORS (GERMANY) GmbH to that of 27 November 2025 and of NIDEC GPM GmbH to that of 5 December 2025. A German legal-trade press item, whose date is not shown in the retained text, stated that he had joined Nidec Motors & Actuators as Director Finance in June of that year. ^{1 2 3 4 5}

analysisAt NIDEC MOTORS & ACTUATORS (GERMANY) GmbH, the aggregator's register history shows Guilherme Silva de Almeida, Tuna Sürücü and Tiago Aurelio Figueiredo as managing directors from 27 November 2025, the date on which Yasuki Kawasaka (in office from 25 June 2025), Kazutsugu Igarashi (from 30 June 2023) and Olav Fritz Franz Schulte (from 3 January 2023) left. Earlier, Hidetoshi Yokota served from 3 January 2023 to 29 January 2025 and Mitsuya Kishida from 1 August 2022 to 2 August 2024. Another aggregator reproduces the entry of 27 November 2025 recording the departures of Kawasaka and Igarashi, and a trade directory likewise names Guilherme Almeida, Tiago Figueiredo (spelled 'Figueirdo' there) and Tuna Sürücü as the management. The dates are register entry or publication dates. ^{6 4 7}

analysisAt NIDEC AMEC EUROPE GmbH, the register history shown by an aggregator lists Guilherme Silva de Almeida and Tuna Sürücü as managing directors from 18 November 2025 and Kazutsugu Igarashi from 23 June 2023 with no end date. Former managing directors include Yasuki Kawasaka (25 June to 18 November 2025), Olav Fritz Franz Schulte (18 October 2023 to 18 November 2025), Hidetoshi Yokota (2 January 2023 to 23 May 2025) and Mitsuya Kishida (29 June 2022 to 18 October 2023, the entry that also records Schulte's appointment), as well as three earlier managing directors between 2021 and 2023. A second aggregator's reproduction of the entries, ending with an entry of 28 November 2025 that corrects data on Guilherme Silva de Almeida, records the same changes from 18 October 2023 to 18 November 2025, contains no entry ending Igarashi's position and still lists him among the managing directors. ^{8 3}

analysisAt NIDEC GPM GmbH, the aggregator's register history shows Guilherme Silva de Almeida and Tuna Sürücü as managing directors (Geschäftsführer) from 5 December 2025 and Holger Ehrhardt from 21 November 2023. Former managing directors include Mitsuya Kishida (8 August 2022 to 17 July 2024), Olav Fritz Franz Schulte (28 June 2023 to 17 July 2024), Hidetoshi Yokota (28 June 2023 to 23 December 2024), Kazutsugu Igarashi (10 November 2023 to 19 March 2026), Yasuki Kawasaka (29 August to 5 December 2025) and two others; the dates are register entry dates. A second aggregator's reproduction of the register publications, current to 16 February 2026, records the same changes up to 5 December 2025, including the appointments of Igarashi and Ehrhardt in November 2023, the departures of Kishida and Schulte on 17 July 2024, and Sürücü's appointment and Kawasaka's departure on 5 December 2025. ^{9 5}

analysisA regional German press report of 23 November 2023 stated that Holger Ehrhardt had taken up the position of managing director of Nidec GPM on 1 October 2023, responsible for sales, development and project management of the Nidec GPM group with sites in Germany, Hungary, China and Brazil, after earlier leadership roles at the same company and elsewhere. The report described Geräte- und Pumpenbau Merbelsrod as a family-owned pump maker that had become part of the Nidec group in 2015. The register history reproduced by an aggregator dates his entry as managing director to 21 November 2023. ¹⁰

analysisRegister data reproduced by a business-data aggregator show Hiroyuki Yoshimoto as a managing director of NIDEC MOTORS & ACTUATORS (GERMANY) GmbH from 5 July 2017, of NIDEC GPM GmbH from 26 September 2017 and of NIDEC AMEC EUROPE GmbH from its registration on 9 April 2018. They record his departure from the first two on 24 June 2019 and from NIDEC AMEC EUROPE GmbH in a publication of 1 July 2019. As with the other entries, the dates are publication or entry dates of the commercial register. ^{6 8 9}

analysisFor Kazutsugu Igarashi the register entries and other dated records differ. A Japanese trade-press report of 3 December 2024 stated that he had been a NIDEC Managing Executive Officer until the end of November and would become a managing executive officer of Proterial on 1 January 2025; Proterial's own announcement of 2 December 2024 lists his NIDEC posts up to deputy head of the automotive business unit from October 2024, says he had been its special adviser since December 2024 and appoints him managing executive officer heading its magnetic-materials business from 1 January 2025. The register entries reproduced by aggregators, however, end his managing-director posts at NIDEC MOTORS & ACTUATORS (GERMANY) GmbH on 27 November 2025 and at NIDEC GPM GmbH on 19 March 2026, and a second reproduction of the NIDEC AMEC EUROPE GmbH entries up to 28 November 2025 has no entry ending his post there. The discrepancy lies between dated records only; the retained records do not explain why the entries continued. ^{9 11 6 8 12 3}

analysisThe current extract from Poland's National Court Register (KRS), obtained through the Ministry of Justice API and reflecting the register as of 21 November 2025 (last entry no. 76 of 13 November 2025, made by the District Court for Kraków-Śródmieście), lists "NIDEC MOTORS & ACTUATORS (POLAND)" sp. z o.o. under KRS 0000262021, entered on 6 September 2006, with NIP 5272518400 and REGON 14063895500000, at Skarbowa 36, 32-005 Niepołomice. Its share capital of PLN 45,860,538.00 is held entirely by NIDEC EUROPE B.V. (45,769 shares). The company is represented by a management board headed by a president, has a joint commercial proxy (prokura łączna) and mainly manufactures electric motors, generators and transformers; the extract masks the names of the board members and the proxy. ¹

analysisThe extract records annual financial statements, auditor's reports, approval resolutions and management reports for each financial year from the first period (1 July 2006 to 31 December 2007) up to the year from 1 April 2023 to 31 March 2024, whose statement was filed on 7 October 2024; the statements for the years ended 31 March 2020 to 31 March 2024 were each filed in September or October of the calendar year in which the financial year ended. As of 21 November 2025 the extract records no filing for the year ended 31 March 2025; any later filing is not in the retained record. ¹

analysisA business-data aggregator citing the KRS gives the names the official extract masks: Guilherme Silva De Almeida as president of the management board, Leszek Brzyski (member since 25 May 2009), Tiago Aurelio Figueiredo and Marko Ivović as members, and Dorota Dąbkowska as joint commercial proxy since 29 June 2007. Like the extract, it shows NIDEC EUROPE B.V. as sole shareholder with 45,769 shares, worth PLN 45.9 million. It summarises the company's financial statements 'for 2024' as total assets of 42.2 million, revenue of 53.7 million, costs of 55.8 million and a loss of 2.2 million, without a currency label. The retained records do not reconcile these stand-alone statutory figures with the liabilities exceeding assets of ¥23,132 million that NIDEC's annual securities report states for this company at 31 March 2026. ^{2 3 1}

analysisAccording to a business-data aggregator citing Serbia's Business Registers Agency (APR), NIDEC ELECTRIC MOTOR SERBIA D.O.O. NOVI SAD is active, with registration number (MB) 21648850 and tax identification number (PIB) 112316235, was founded on 22 January 2021 and is registered at Ratno Ostrvo br. 8A, 21000 Novi Sad; its current directors are Guilherme Silva de Almeida, Tiago Aurelio Figueiredo and Marko Ivović. This is a reproduction of APR data, not a register extract. NIDEC's annual securities report records the establishment of Nidec Electric Motor Serbia LLC and Nidec Elesys Europe LLC in Serbia in January 2021, and the plant's director, Marko Ivović, told a Serbian newspaper in April 2022 that the company had been founded in Serbia at the end of January 2021, consistent with the founding date shown. ^{4 5 6}

analysisIn that press report, of 1 April 2022, Marko Ivović was quoted as director of the Nidec Electric Motor Serbia (NEMS) plant in Novi Sad; besides the founding date, he said that mass production was planned for summer 2023. The report stated that Nidec's total investment in Novi Sad was expected to reach almost USD 2 billion. Those are the plant director's statements in 2022 as reported, and the investment figure is an expectation reported by the newspaper, not a recorded amount. ⁶

analysisThe same aggregator, citing APR data, shows for Nidec Electric Motor Serbia total revenues of 1,043,191,000 in 2023, 4,130,620,000 in 2024 and 4,643,820,000 in 2025; net results of −1,480,549,000, −767,259,000 and −455,305,000; capital of 96,100,000, 942,032,000 and 486,727,000; and long-term liabilities of 8,151,072,000, 5,987,701,000 and 5,857,634,000, all without a currency label. These stand-alone statutory figures differ in basis and date from the liabilities exceeding assets of ¥15,346 million that NIDEC's annual securities report states for the company at 31 March 2026, and the retained records do not reconcile the two. ^{4 3}

analysisAccording to a business-data aggregator citing the Italian business register, NIDEC ASI S.P.A. is a joint-stock company (società per azioni) with VAT number 03238380962, registered office in Cinisello Balsamo (Milan) and activity code ATECO 43.21.01; the retained page does not show its administrator, shareholder or capital. NIDEC's annual securities report records the acquisition of Ansaldo Sistemi Industriali S.p.A., now Nidec ASI, in May 2012, and NIDEC's group network page names the company Nidec ASI S.p.A. ^{1 2 3}

analysisThe same aggregator reports for NIDEC ASI revenue of €274.74 million for 2024 and €217.43 million for 2025, net profit of €38.60 million and €57.65 million, and personnel costs of €62.87 million with 861 employees and €65.96 million with 938 employees; it also shows net losses in 2018 (€619.82 thousand) and 2019 (€17.20 million). These are stand-alone figures of the Italian subsidiary as summarised by an aggregator, not NIDEC consolidated figures. ¹

analysisAccording to business-data aggregators citing the Spanish Official Gazette of the Commercial Register (BORME), NIDEC ARISA SL, formerly ARISA INDUSTRIAL DE PRENSAS SL, is registered with the La Rioja commercial registry on sheet LO-16524, with its registered office at C/ Las Balsas 4, Polígono Industrial Lentiscares (Navarrete). They record its incorporation on 31 July 2015 with share capital of €1,705,680.00 and NIDEC EUROPE B.V. (shown as 'NIDEC EUROPE BV SL') as sole shareholder; these are reproductions of gazette entries, not a register extract. NIDEC's annual securities report records the acquisition of Arisa, S.A. (now Nidec Arisa) in August 2015, and NIDEC's group network page names the company NIDEC ARISA, S.L.U. ^{4 2 3}

analysisThe official commercial-register gazette (BORME no. 25 of 2022) records the merger by absorption of ARISA SERVICIO TECNICO SOCIEDAD ANONIMA into NIDEC ARISA SOCIEDAD LIMITADA, with registry data dated 24 January 2022, and the dissolution and extinction of the absorbed company by that merger. The aggregators' reproductions of gazette entries add that PRICEWATERHOUSECOOPERS AUDITORES SL was registered as NIDEC ARISA's auditor on 12 December 2019 and that its re-election was registered on 23 January 2024. ^{4 5}

analysisGazette entries summarised by the aggregators show David Carter Winch (recorded as 'Winch David Carter') as chairman and director of NIDEC ARISA SL from 17 March 2026. His earlier term as director ran from 16 September 2015 to 29 December 2022, and a register act lists his resignation as chairman and director. Between 29 December 2022 and 17 March 2026 another director chaired the board, and two managing directors (consejeros delegados) have been registered since 9 August 2024. ^{4 6}