Nidec to sell electronic parts unit to Carlyle amid restructuring

This potential sale represents Nidec's first divestment of a major subsidiary as the company navigates a period of restructuring. Nidec is also expected to record substantial impairment losses stemming from its electric vehicle business and accounting irregularities.

In a separate, earlier development from October 2013, Honda had agreed to sell its electronic parts subsidiary, Elesys, to Nidec Corporation for approximately 50 billion yen. That deal was aimed at fostering cooperation in the growing field of electronic controls for automobiles, with Nidec seeking to integrate Elesys' electronic control units with its own automotive motors to become a leading global supplier of automotive components.