Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Nidec (6594) | Sharpens Its Edge in Global Manufacturing

Equity Bottom-Up

<ul>
<li>Nidec's Q2 operating income beat my estimates, driven by strong small motors and appliance segments, though automotive profits underperformed</li>
<li>The automotive division is shifting focus from e-axles to broader auto parts, while improving operational efficiency through partnerships and streamlined logistics</li>
<li>Despite macro risks, Nidec remains well-positioned for long-term growth in digitalization, decarbonization, and automation, with a price target of ¥4,350</li>
</ul>


Nidec's Q2 operating income beat my estimates, driven by strong small motors and appliance segments, though automotive profits underperformed
The automotive division is shifting focus from e-axles to broader auto parts, while improving operational efficiency through partnerships and streamlined logistics
Despite macro risks, Nidec remains well-positioned for long-term growth in digitalization, decarbonization, and automation, with a price target of ¥4,350


Nidec (6594)| Q2 In-Line; Long-Term Outlook Intact

Nidec Corp

Nidec (6594)| Q2 In-Line; Long-Term Outlook Intact