QUICK Corp.

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Traction Control System for BEVs to drive growth QUICK Corporate Valuation Research Center continues to have high expectations for the Traction Control System (TCS) in terms of growth potential of the automotive sector. The TCS for automotive sector is expected to experience a technological innovation as once experienced by sectors such as television and camera. The television and camera sectors saw a shift from complex and expensive CRT televisions and film cameras to, respectively, simple and…
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In terms of growth potential, we, QUICK Corporate Valuation Research Center, continue to have high expectations for its in-vehicle traction motor systems. The company forecasts that the same technological innovation that once occurred in televisions and cameras will occur in the automotive industry due to traction motors for BEVs (Battery Electric Vehicles). In televisions and cameras, there has been a shift from complex, high-priced CRT televisions and film cameras to simple, low-priced LCD…

Morningstar

Morningstar, Inc.

After reviewing our forecasts, we retain our fair value estimate on Nidec at JPY 18,000. Nidec undervalued presently and we think that this presents an opportunity to buy its shares. We view the ongoing inventory adjustment, owing to the weaker demand in China, will last at least through September, but expect that demand will recover thereafter on expected replenishment while sales of new products is likely to remain firm. In particular we are impressed with Nidec’s stronger outlook on orders…

We are lowering our fair value estimate for Nidec to JPY 18,000 from JPY 20,000 as the impact of the ongoing economic slowdown is expected to be larger than our original forecast. However, we retain our long-term view that Nidec’s expertise in power-efficient motors will enable higher growth, benefiting from demand from data storage, autos, appliances, and robots. We have revised our fair value uncertainty rating to high from medium, considering Nidec's high revenue exposure to China. As…

Nidec lowered its earnings guidance for fiscal 2019 (financial year ending March 2019), owing to the economic slowdown in China. The management mentioned that orders from China had been gradually slowing down since last summer and dropped significantly in November and December, approximately 30% below the previous year because of the excess inventories in various industries, such as auto and home appliances. Assuming orders from China will not recover, Nidec has cut its revenue guidance for this…

Japan

NIDEC CORPORATION is the world's leading manufacturer of small precision motors mainly used in HDD and optical disk drives. The company has extended its focus to the home appliance and automotive markets. NIDEC is active in M&A and its subsidiaries include the world's leading manufacturers of LCD panel handling robots and camera shutters.

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