Nabtesco benefits from rising automation and aircraft demand in emerging countries.
While wide-moat Nabtesco’s fourth-quarter sales beat our forecast by 5%, the operating margin was around 3 percentage points lower than our forecast, owing to a worsened product mix of the transportation solution division. This resulted in a 5% lower full-year operating income than our estimate. Despite this, as the largest RV reduction gear maker in the world, Nabtesco’s proven track record has maintained its strong partnership with the downstream customers, which is evidenced by the 37% sales ...Nabtesco is engaged in the design, manufacture, sales, and repair of industrial machinery and components. Co. operates in three business segments: component solutions, transport solutions and accessibility solutions. Co.'s principal products are high precision reducers and actuators for industrial robots, construction machinery, solar tracking equipment, automatic door drive units, automobile air-break systems, automatic testing/training equipment, connecting device, various types of actuators, remote control systems for marine vessels, automatic door systems, smoke exhausting systems and platform safety system as well as nursing care equipment and industrial equipment.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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