Shigenobu Nagamori Explained

Shigenobu Nagamori
Birth Date:28 August 1944
Birth Place:Kyoto, Japan
Nationality:Japanese
Education:Polytechnic University
Occupation:Founder & CEO of Nidec
Website:https://www.nidec.com/en/corporate/about/board/nagamori/
Spouse:married
Children:2

Shigenobu Nagamori (born 1944) is a Japanese billionaire businessman, and the chairman and CEO of Nidec, the world's largest manufacturer of micromotors for hard disks and optical drives.

Early life

Shigenobu Nagamori was raised in a farming family in Kyoto. He graduated with a degree in electrical engineering from the Polytechnic University near Tokyo and worked for two engineering firms before founding Nidec in 1973.[1]

Career

Nagamori owns a 12% stake in Nidec directly and via his personal asset firm, SN Kosan.

He is a non-executive director at SoftBank,[2] the Japanese mobile communications company that owns several other tech companies.

In 2018, he announced that though he would remain as CEO, and that vice president Hiroyuki Yoshimoto would take over as president.[3]

He has stated publicly that his goal is for Nidec to hit ¥10 trillion ($91 billion) in revenue by 2030 by focusing on the manufacture of motors for electric vehicles.[4]

Philanthropy

Nagamori founded the Nagamori Foundation to support and recognize achievements that contribute to scientific and industrial development in research and technology.[5] The foundation encourages research in various aspects of power generation and promotes solutions that lower the barrier to affluence and conserve the environment.

In July 2014, he inaugurated the "Nagamori Awards", for up and coming R&D engineers in the field of motor-related technologies.[6] Each year the Nagamori Awards are given to about six people with the Grand Nagamori Award winner receiving around 5 million yen and each of the awardees receiving around 2 million yen.[7]

Nagamori award winners include Bulent Sarlioglu from the University of Wisconsin-Madison,[8] Bin Yao, professor of mechanical engineering at Purdue University,[9] Jose Antonino-Daviu from the Universitat Politecnica de Valencia[10] and Elena Lomonova from Eindhoven University of Technology (TU/e).[11]

In 2017, Nagamori announced that he would donate $90 million to set up an engineering research project at Kyoto Gakuen University. The program will start in 2020 with 200 undergraduate and 100 graduate students.[12]

Personal life

Nagamori is married, with two children, and lives in Kyoto.

Notes and References

  1. Web site: Bloomberg Billionaires Index: Shigenobu Nagamori . www.bloomberg.com. 2018-08-30.
  2. Web site: Biography: Shigenobu Nagamori Board of Directors Company Info About Us SoftBank Group. 2016-08-21.
  3. Web site: Japanese motor tycoon Nagamori yields presidency of Nidec. Nikkei Asian Review. en-GB. 2018-08-30.
  4. Web site: Shigenobu Nagamori. 2021-05-26. Forbes. en.
  5. News: Nagamori Foundation Commences as Administrator of "Nagamori Award", Nidec's Motor-Related Technology Commendation Program. Corporation. Nidec. GlobeNewswire News Room. 2018-08-30. en-US.
  6. Web site: Forbes profile: Shigenobu Nagamori . forbes.com . 30 August 2018.
  7. Web site: Nagamori Foundation. Nagamori Foundation. ja. 2018-08-30.
  8. Web site: Sarlioglu Receives Nagamori Award. 2018-08-17. University of Wisconsin.
  9. News: Bin Yao Receives Nagamori Award. Ray W. Herrick Laboratories – Purdue University. 2018-08-30. en.
  10. Web site: Noticia UPV: José Alfonso Antonino (UPV), galardonado por la Fundación Nagamori por sus. www.upv.es. es. 2018-09-06.
  11. Web site: Nagamori Award — Eindhoven University of Technology research portal . research.tue.nl. en. 2018-08-30.
  12. News: Forbes Asia's Annual Heroes Of Philanthropy List. Communications. Forbes Corporate. Forbes. 2018-08-30. en.