Nidec’s New Guidance Looks Weak, but no Impact to the Long-Term Growth Story on non-IT Industry
We are not concerned that both Nidec’s March quarter results and new fiscal year’s guidance were below our forecasts, as the miss is owing to one-time expense and guidance contains some conservative assumptions. Rather, we are impressed with the announcement of the acquisition of the compressor business unit from Whirlpool as it will enhance Nidec’s appliance motor share, similar to the acquisition of Secop Group in July 2017. We believe the deal supports our long-term view that Nidec will conti...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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