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) | Remain Cautious Despite Bullish Guidance

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<ul>
<li>We do not expect any major surprises when Nidec reports FY3/23 earnings on 24 April</li>
<li>However, we believe that there is a significant risk that the company will guide below analyst consensus for FY3/24</li>
<li>We are bearish going into results. After that, there could be an opportunity to turn bullish again on FY3/25 PE of 14x</li>
</ul>


We do not expect any major surprises when Nidec reports FY3/23 earnings on 24 April
However, we believe that there is a significant risk that the company will guide below analyst consensus for FY3/24
We are bearish going into results. After that, there could be an opportunity to turn bullish again on FY3/25 PE of 14x


Nidec Corp

Nidec (6594) | FY3/24 Guidance Risk