Report

PSA Components & Equipment: Nidec (6594 JT) Seeks Margin Improvement in FY20

One of Japan’s best-managed companies, Nidec is a stock that investors are loath to sell, no matter how expensive the shares have got, for fear of not being able to get back in. However, over the past two years, the shares have slipped, as market conditions, particularly in the auto industry, have been adverse. The question is, have they slipped enough, or should market participants wait and see if existing shareholders do lose patience and sell, thereby creating another down-leg to buy in to? In this report, analyst Julie Boote considers Nidec’s FY19 results and the company’s FY20 expectations amid our Covid-19 world and presents her verdict.
Underlying
Nidec Corporation

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.

Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
Julie Boote

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