Narrow-Moat Nidec Reports Positive September Quarter on Strong Shipment of Small Precision Motors
Nidec reported operating profit of JPY 37.4 billion for the September quarter, which exceeded our estimate and the market expectation of JPY 33 billion-JPY 34 billion, and is 26.0% above the year-ago figure of JPY 29.7 billion. Operating margin of 13.0% was the highest number for the September quarter since fiscal 2011, when HDD shipments peaked. In addition, the company raised its full-year guidance for operating income from JPY 130 billion to JPY 135 billion, reflecting only the better-than-ex...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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