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NIDEC VIET NAM CORPORATION

Active

Business ID 0304227309

84-28 / 3736 0075

NIDEC VIET NAM CORPORATION

Active

Business ID 0304227309

84-28 / 3736 0075

NIDEC VIET NAM CORPORATION

Active

Summary

Name:

NIDEC VIET NAM CORPORATION

Business ID (TIN):

0304227309

Date of Registration:

17 Oct 2005

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Address:

Lot I1-N2, Saigon Hi-Tech Park, Tan Phu Ward, Thu Duc City, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3736 0075

Fax:

(84-28) 3736 0073

Financial Statement:

2020, 2021, 2022, 2023, 2024

NIDEC VIET NAM CORPORATION (CÔNG TY TNHH NIDEC VIỆT NAM CORPORATION) is a wholly foreign-owned enterprise established on October 17, 2005, in the Saigon Hi-Tech Park, Thu Duc City, Ho Chi Minh City. The company operates under Business ID 0304227309 and is part of NIDEC CORPORATION (Japan), a global leader in precision motor manufacturing. The enterprise specializes in the production of high-precision fan motors and electronic components, serving global tech and electronics markets.

Leadership and Workforce

At the helm is Mr. Takemoto Isao, a Japanese national who serves as General Director. As of early 2024, the company employs approximately 5,000 workers, making it one of the largest employers in the Saigon Hi-Tech Park.

Financial Performance in FY 2024

Total Assets: USD 260.74 million (▲11.07% YoY)
Revenue: USD 275.01 million (▼4.7% YoY)
Profit: USD 679,007 (▼94.98% YoY)
Equity: USD 156.08 million (▲6.05% YoY)
Working Capital: USD 109.03 million

While the company reported strong equity growth and increased asset value, net profit plummeted by nearly 95% compared to 2023. This steep drop suggests a significant rise in production costs, lower margin contracts, or currency headwinds despite healthy balance sheet expansion.

Operational Strength and Strategic Importance

NIDEC VIET NAM CORPORATION serves as a critical hub for Nidec’s global supply chain. Located in one of Vietnam’s most advanced industrial parks, the company leverages local skilled labor, tax incentives, and proximity to major export infrastructure. Its high working capital position (over USD 109 million) suggests strong liquidity and operational resilience, despite profit volatility.

Parent Company and Ownership Structure

The company is 100% owned by NIDEC CORPORATION (Japan), headquartered in Kyoto. This ownership ties it directly to the broader Japanese industrial ecosystem and positions the Vietnam entity as a high-value manufacturing base.

Final Analysis

Despite declining profit in FY 2024, NIDEC VIET NAM CORPORATION remains financially stable and strategically vital. The drop in earnings should be closely watched but may reflect cyclical or investment-related factors rather than operational weakness. For clients, suppliers, or investors considering partnerships, VANGUARD BUSINESS INFORMATION LLC (VBI) provides in-depth verification, risk assessments, and credit analysis to help navigate the company’s financial dynamics and ownership structure with confidence.

Legal Profile

English Name:

NIDEC VIET NAM CORPORATION

Vietnamese Name:

CÔNG TY TNHH NIDEC VIỆT NAM CORPORATION

Short Name:

NCVH

Business ID (TIN):

0304227309

Date of Registration:

17 Oct 2005

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

TAKEMOTO I

Address:

Lot I1-N2, Saigon Hi-Tech Park, Tan Phu Ward, Thu Duc City, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3736 0075

Fax:

(84-28) 3736 0073

Business Sector

Key business lines:

VSIC:

2610 Manufacture of electronic components and boards

NACE:

26.1 Manufacture of electronic components and boards

Industry Sales Growth

CAGR (2019 - 2023)

4.75%

YoY (2023)

3.18%

Companies by industry

Company distribution and propportions

3,355

0.1154%

Key Industry Players

Top 10 companies in manufacture of electronic components and boards industry

jabil vietnam company limited canon vietnam company limited fuhong precision component(bac giang) company limited intel products vietnam co., ltd samsung electro-mechanics vietnam co.,ltd samsung display vietnam co., ltd. new wing interconnect technology (bac giang) co.,ltd bhflex vina company limited lg innotek vietnam haiphong company limited luxshare - ict (van trung) company limited

Payment History

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Financial Performance

Assets	-24.46%
Owner’s Equity	-51.89%
Working Capital	-52.61%
Net Worth	-94.25%
Sales	-18.12%
Operating income	78.71%
EBIT	9.21%
Gross Profit Margin	72.16%
Debt to EBITDA	80.13%

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Specific Questions About NIDEC VIET NAM CORPORATION

When did NIDEC VIET NAM CORPORATION start operating?

NIDEC VIET NAM CORPORATION was started in 17 Oct 2005

What industry does NIDEC VIET NAM CORPORATION operate in?

NIDEC VIET NAM CORPORATION is operating in "Manufacture of electronic components and boards" industry

How can I contact NIDEC VIET NAM CORPORATION?

NIDEC VIET NAM CORPORATION phone numbers is 84-28 / 3736 0075

What adverse news is there about NIDEC VIET NAM CORPORATION?

NIDEC VIET NAM CORPORATION’s has 6 bad news

What is stock symbol of NIDEC VIET NAM CORPORATION?

NIDEC VIET NAM CORPORATION is not listed company

Where is the location of NIDEC VIET NAM CORPORATION?

NIDEC VIET NAM CORPORATION is located at Lot I1-N2, Saigon Hi-Tech Park, Tan Phu Ward, Thu Duc City, Ho Chi Minh City, Vietnam

What is NIDEC VIET NAM CORPORATION’s business registration?

NIDEC VIET NAM CORPORATION business registration is 0304227309

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NIDEC VIET NAM CORPORATION