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Nippon Electric Power Co., Ltd.(Nipko Co., Ltd.) was established in 1973 and is headquartered in Kyoto, Japan. It is a world giant in the electrical industry and has acquired more than 70 companies around the world. Nideko Group has successively acquired Japan's Mitsubishi Heavy Industries Machine Tools since 2021 (Current company name: Nideko Machine Tool Co., Ltd.), Osaka Mechanic (current company name: Nideko OKK Co., Ltd.), and Parma Machine Tool of Italy have achieved full coverage of machine tool products from large machining centers to small and medium-sized precision machine tools., its comprehensive strength ranking in the machine tool industry has jumped to fourth in Japan, and a new machinery business headquarters will be established on April 1, 2023, with reducers, machine tools, and punches as three pillars.