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): India & Nvidia Point the Way Forward

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>If further restructuring can be avoided, profitability should return to an acceptable level while sales growth continues. </li>
<li>The decline of EV prices has probably run its course and global demand for factory automation continues to rise despite weakness in China.</li>
<li>Projected valuations are at a 10-year low. Investor attention can now shift to economic and operating risks.</li>
</ul>


If further restructuring can be avoided, profitability should return to an acceptable level while sales growth continues. 
The decline of EV prices has probably run its course and global demand for factory automation continues to rise despite weakness in China.
Projected valuations are at a 10-year low. Investor attention can now shift to economic and operating risks.


Nidec (6594 JP): Buy into Current Decline

Nidec Corp

Nidec (6594 JP): Buy into Current Decline