Senior Technology Analyst, 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.

Senior Technology Analyst, Japanese Equities

Nidec (6594 JP): Buy into Current Weakness

Nidec (6594) To Take Over Nidec OKK (6205), Squeezing Out Minorities

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>Nidec is headed into the red due to market disruption in China, restructuring charges and stagflation.</li>
<li>The first two of these factors should be temporary, but the third points to longer term pressure on margins. Competition in EV motors is another problem that won't go away.</li>
<li>In a weak economy characterized by stagflation, it is too early to turn bullish.</li>
</ul>


Nidec is headed into the red due to market disruption in China, restructuring charges and stagflation.
The first two of these factors should be temporary, but the third points to longer term pressure on margins. Competition in EV motors is another problem that won't go away.
In a weak economy characterized by stagflation, it is too early to turn bullish.


Nidec (6594): A V-Shaped Recovery Cannot Be Taken for Granted

Nidec Corp

Nidec (6594): A V-Shaped Recovery Cannot Be Taken for Granted