bearish

Nidec Corp

Nidec – Small Precision Motors and Automotive Concerning

644 Views21 Apr 2022 20:13
Nidec earnings were worse than we feared as 4Q OP was just ¥36.9bn below even our ¥40bn estimate and below consensus at ¥48.5bn. Guidance for ¥210bn in OP next year also feels aggressive in our view.
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