Equity Long-Short

Mo Aziz

Capital markets veteran with 25 years across sell-side and buy-side research, investor relations, and fund management. Currently publish independent equity research (Mofferies Investment Research, via Smartkarma) spanning semiconductor memory (DRAM/NAND/HBM), foundry, semiconductor equipment and advanced packaging, gold and cross-asset strategy, financials forensics, and APAC IPOs — with a standing watchlist of 190+ companies across 41 countries. Background includes deep aviation-sector expertise (airlines, airports, OEMs, lessors, air cargo, travel/OTAs). Approach centers on identifying cyclical inflection points and mispriced risk across sectors, translated into explicit, actionable calls.

NIDEC Corp (6594 JP): ¥1.1tn Written Off. PwC Still Won't Sign. AVOID This Headache

Japan Activism Briefs | Nidec, Obara Group, F-Code

Equity Bottom-Up

<ul>
<li>The ¥1tn impairment remains unconfirmed, but the market has already lost ¥500bn — pricing roughly half the reported accounting damage.</li>
<li>EV motors delivered &lt;40% of target revenue, China share has effectively disappeared, and the CEO exit leaves a governance vacuum.</li>
<li>AVOID / REDUCE: ¥2,000 target; wait for audit resolution as ¥2,405 still offers little margin of safety and downside remains asymmetric.</li>
</ul>


The ¥1tn impairment remains unconfirmed, but the market has already lost ¥500bn — pricing roughly half the reported accounting damage.
EV motors delivered &lt;40% of target revenue, China share has effectively disappeared, and the CEO exit leaves a governance vacuum.
AVOID / REDUCE: ¥2,000 target; wait for audit resolution as ¥2,405 still offers little margin of safety and downside remains asymmetric.


NIDEC Corp. (6594 JP): JP¥1tn Shock Has Not Finished the Job: Price Discovery Is Still Ahead

Nidec Corp

NIDEC Corp. (6594 JP): JP¥1tn Shock Has Not Finished the Job: Price Discovery Is Still Ahead