Impressive Nidec Revenue Growth Shows Demand for Power-Efficient Motors; Raising FVE to JPY 14,000
We are encouraged with Nidec’s revenue growth on June quarter, and reiterate our view that Nidec will benefit from the increasing demand of power-efficient motors and robots in various industries. Nidec’s revenue increased 24.2% from the previous year, or 10.2% on an organic basis, which are both quite impressive numbers, due to to the brisk demand of automotive motors, small precision motors, and reducers. We are raising our fair value estimate to JPY 14,000 from JPY 13,300, as we fine-tuned ou...NIDEC and its subsidiaries are primarily engaged in the design, development, manufacture and marketing of small precision motors, mid-size motors, machinery, electronic and optical components, and other products. Co.'s principal products are spindle motors for hard disk drives, motors for optical disk drives, small precision fans and other small motors; mid-size motors; test systems, measuring equipment, power transmission equipment, factory automation systems, card readers and industrial robots; camera shutters, camera lens units, switches, trimmer potentiometers, motor driven actuator units, processing and precision plastic mold products; and auto parts and pivot assemblies.
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