Independent Insight Provider, Japanese equities, LightStream Research

Scott Foster

Securities analyst covering electronics, precision equipment & robotics, engineering, construction, transport and other sectors for more than 25 years in Japan and 3 years in Korea. Permanent resident of Japan.

Independent Insight Provider, Japanese equities

Nidec (6594 JP): Reconsider Strategy & Management

Nidec – Small Precision Motors and Automotive Concerning

Nidec (6594 JP): Robot Gear Expansion to Put Pressure on HDS (6324 JP)

Gravity Works As WeWork Doesn't; Now Plan B

Nidec – Weakness Should Be Understood but Downside Risk at Earnings Remains

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<ul>
<li>Founder and Chairman Nagamori has reappointed himself CEO, obscuring the reasons why Nidec's share price has declined.</li>
<li>Quarterly earnings should recover, but strategic investments look three years into the future while materials costs rise and the economic situation deteriorates.</li>
<li>Rising interest rates and compression of valuation multiples are likely to dampen the share price. Look to the long term without expecting a return to the glory days. </li>
</ul>


Founder and Chairman Nagamori has reappointed himself CEO, obscuring the reasons why Nidec's share price has declined.
Quarterly earnings should recover, but strategic investments look three years into the future while materials costs rise and the economic situation deteriorates.
Rising interest rates and compression of valuation multiples are likely to dampen the share price. Look to the long term without expecting a return to the glory days. 


Nidec Corp

Nidec (6594 JP): Structural Problems