NIDEC VIET NAM CORPORATION

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.