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 Decline

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>Shipping the first water-based cooling systems for servers equipped with Nvidia's new Blackwell GPUs and building two new motor factories in India.</li>
<li>Moving beyond excessive dependence on China while restructuring operations to reduce costs. Sales short of 1H guidnce, but operating profit up. </li>
<li>Share price down 30% since May and close to its 52-week low. Selling at 17.5x this fiscal year's EPS guidance, the lowest P/E multiple in a decade. </li>
</ul>


Shipping the first water-based cooling systems for servers equipped with Nvidia's new Blackwell GPUs and building two new motor factories in India.
Moving beyond excessive dependence on China while restructuring operations to reduce costs. Sales short of 1H guidnce, but operating profit up. 
Share price down 30% since May and close to its 52-week low. Selling at 17.5x this fiscal year's EPS guidance, the lowest P/E multiple in a decade. 


Nidec (6594 JP): India & Nvidia Point the Way Forward

Nidec Corp

Nidec (6594 JP): India & Nvidia Point the Way Forward