Positive Momentum on AACI Products Continues; Raising FVE to JPY 11,900 from JPY 10,800
We had positive impression from Nidec’s June quarter result, as it confirmed both stronger revenue growth momentum and margin expansion pace on Nidec’s AACI (Automotive, Appliance, Commercial, and Industrial) products segment. President Nagamori mentioned at the result briefing that he is more confident of achieving JPY 2 trillion revenue and JPY 300 billion operating income by fiscal 2021 (fiscal year ending March 2021), while it was JPY 1.18 trillion and JPY 118 billion, respectively in fiscal...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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