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

🇯🇵 JAPAN • Results & Revisions 21st July - Disco Dances & The Nagamori Premium

🇯🇵 JAPAN • Results & Revisions 22nd July - OBIC, CyberAgent, Tokyo Steel & The Deep Freeze

Nidec (6594 JP): Anticipated Recovery Largely in the Price

Nidec’s 3Q FY03/20: Revenue Grows QoQ Supported by the Automobile Product Segment

Nidec Acquires Roboteq: An Attempt to Be a Single Vendor Offering Motor Control Support System

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 responding rapidly and astutely to the COVID-19 recession, which should earn it the continued support of long-term investors.</li>
<li>Given the severity and uncertain duration of the downturn, CEO Nagamori aims to reduce costs to the point that the company can remain profitable even if sales drop by half. </li>
<li>And he has borrowed enough money to replace most of the cash spent last fiscal year on structural reform and M&amp;A.</li>
<li>On a three-year view, gearing to automotive electronics, robotics, energy efficient motors and 5G-related demand for data processing equipment should take profits back toward the peak levels reached in FY Mar-18.</li>
</ul>


Nidec is responding rapidly and astutely to the COVID-19 recession, which should earn it the continued support of long-term investors.
Given the severity and uncertain duration of the downturn, CEO Nagamori aims to reduce costs to the point that the company can remain profitable even if sales drop by half. 
And he has borrowed enough money to replace most of the cash spent last fiscal year on structural reform and M&amp;A.
On a three-year view, gearing to automotive electronics, robotics, energy efficient motors and 5G-related demand for data processing equipment should take profits back toward the peak levels reached in FY Mar-18.


Nidec (6594 JP): Astute Response to COVID-19

Nidec Corp

Nidec (6594 JP): Astute Response to COVID-19