Nidec Corporation (TSE:6594) will look for M&A. Shigenobu Nagamori, Group Representative Director, Chairman and Chief Executive Officer said during the Financial Results of the Third Quarter of Fiscal Year 2023, "we are planning to do a big M&A in the future. I will be stepping down. And what would I do instead?

I will be looking at M&As. So actual operation will be handed over to the new management. M&A when looking at so-so large size, our company -- we are a motor dedicated player.

We're expanding a little bit, but we want to go back to our origin. Especially going forward, large motors have solid growth prospects. So we want to enter into that market, covering from small motors to large motors.

So we want the motor business to be the core, the pillar of our business. I think our access, our pillar has been shifted a little bit more towards auto, but we want to go back to the motors. We're already #1 in the world in motors".