Nidec's board resolved on 1 October to sell all of its shares in Nidec Components to TCG2603 K.K., a company indirectly held by investment funds related to The Carlyle Group, for a transfer price of ¥103bn. The contract was signed the same day, and the transfer is scheduled for 1 December 2026.
The terms
Nidec is selling 66,302,120 shares, all it holds, which takes its voting stake in the subsidiary from 100% to 0%. The notice states the figure as a transfer price. It does not call it an enterprise value, and it gives no breakdown of debt, adjustments or payment mechanics.
The buyer was established recently. TCG2603 was set up on 17 August 2026 with capital of ¥25,000 and net and total assets of ¥50,000 each, and is wholly owned by TCG2510 K.K. Its stated business is owning shares or interests in companies in order to control and manage their operations. The notice reports no capital, personnel or transaction relationship between the buyer and Nidec.
| Term | Detail |
|---|---|
| Seller | Nidec Corporation |
| Business sold | Nidec Components (100% of shares, 66,302,120) |
| Buyer | TCG2603 K.K., indirectly held by Carlyle-related funds |
| Transfer price | ¥103bn |
| Contract signed | 1 October 2026 |
| Scheduled transfer | 1 December 2026 |
What is being sold
Nidec Components was founded in April 1967 as Copal Electronics. Nidec took a stake in 1998 and made it a wholly owned subsidiary in 2014. It makes switches, pressure sensors, encoders, torque sensors, small precision motors and polygon mirrors, mainly for industrial equipment. Nidec describes it as holding a top-tier global share in the external market for polygon mirrors.
In the year to March 2026 the unit reported sales of ¥32.09bn, operating profit of ¥5.47bn and net profit attributable to parent shareholders of ¥3.69bn. Sales were ¥37.71bn and operating profit ¥7.70bn two years earlier.
Rationale and open questions
Nidec ties the sale to its five-year management reform plan announced in May 2026, which covers 2026 to 2030 and directs resources to core and priority growth businesses. It says the unit's markets, including semiconductor manufacturing equipment and collaborative robots, need fast, large investment in equipment and research, and that an independent path under an outside partner suits the business.
The effect on consolidated results is still being examined, according to the notice, and Nidec says it will disclose further matters promptly. The notice gives no gain or loss estimate. One Nidec director also sits on the Nidec Components board, and the two companies have some intra-group transactions.