Financial Data and Key Metrics - Net sales increased by 14.8% to JPY 648.2 billion, a record high [3] - Operating profit rose slightly by 0.1% to JPY 60.3 billion, also a record high [3] - Free cash flow improved significantly to JPY 167.2 billion, a record high [39] - Operating profit ratio was 9.3%, including the impact of NPe consolidation [157] Business Line Performance - Small Precision Motors saw increased profitability due to recovery in HDD motor demand and growth in water cooling module units [34] - Automotive Products reported a deficit of JPY 33.8 billion, but a positive JPY 6.3 billion was achieved in certain areas [6] - Appliance, Commercial, and Industrial Products experienced a slight decrease in profit due to restructuring costs of JPY 1.5 billion [35] - Machinery faced a temporary decline in profitability due to optimization and transfer of resources [7] Market Performance - In China, the company shifted focus to joint ventures, particularly with GAC, aiming to minimize deficits and generate profit from Q3 [13][14] - In Europe, the company is working to reduce deficits in the NPe joint venture, targeting profitability from Q3 [71] - India is a strategic market with rapid growth, and the company has expanded its presence with 14 different business areas [29] Strategic Direction and Industry Competition - The company aims to achieve JPY 10 trillion in sales by 2030, with JPY 7 trillion from organic growth and JPY 3 trillion from M&A [48][100] - Five business pillars have been identified: AI society, sustainable infrastructure and energy, pursuit of better life, efficient manufacturing, and mobility innovation [25][26][27][55][56] - The company is focusing on in-house production of critical components, such as quick coupling and water cooling systems, to improve margins [18][95] Management Commentary on Operating Environment and Future Outlook - The company is confident in achieving profitability in the automotive business in China and Europe from Q3 [14][71] - Management emphasized the importance of quality growth and enhancing corporate value, targeting a market cap of JPY 10 trillion [21] - The company is committed to achieving at least a 15% operating profit ratio across all business areas [137] Other Important Information - The company recognized a gain of JPY 10.1 billion from the step acquisition of NPe [4][32] - A stock split with a ratio of two for one common stock is planned, effective October 1, 2024 [85] - The company signed an MOU with Tata Elxsi to deepen collaboration in software programming [83] Q&A Session Summary Question: Update on water cooling module sales and operating profit forecast - The company expects to achieve more than double the initially planned operating profit for the fiscal year [65] - In-house production of components like quick coupling is expected to improve margins in the latter half of the year [128] Question: Visibility and M&A strategy for JPY 3 trillion target - The company has substantial visibility into its business pathways and is actively discussing M&A candidates, particularly in industrial and mechanical areas [101][109] Question: Profitability improvement through in-house production - In-house production of components is expected to contribute more significantly to profitability in the latter half of the year [128] Question: Traction motors profitability in China and Europe - The company is confident in achieving profitability in China from Q3 and in Europe from Q3, with Gen 3 products replacing older generations [96][97] Question: Restructuring progress and profitability in ACIM and MOEN - Restructuring charges were lower than planned, and the company expects improved profitability in the second half [129][132] Question: Long-term strategy and ROIC targets - The company aims for a 15% operating profit ratio across all business areas and is focused on achieving JPY 10 trillion in sales by 2030 [137][142]

Nidec Corporation (OTCPK:NJDCY) Q4 2023 Results Conference Call April 23, 2024 9:00 PM ET Company Participants Shigenobu Nagamori - Founder & Executive Chairman Akinobu Samura - Senior VP & CFO Mitsuya Kishida - President & CEO Conference Call Participants Daiki Takayama - Goldman Sachs Manabu Akizuki - Nomura Securities Takayuki Naito - Citigroup Inc Unidentified Company Representative Now we would like to start the presentation on Nidec Corporation's Fiscal 2023 Financial Results. First, please turn off y ...

kool99/E+ via Getty Images Elevator Pitch Nidec Corporation (OTCPK:NJDCY) [6594:JP] is awarded a Buy rating. I wrote about NJDCY's inorganic growth strategy in my November 26, 2023 initiation article. The focus of the current update is Nidec Corporation's new CEO and its potential M&A deal. My opinion is that Nidec Corporation has made the right decision to select Mitsuya Kishida as the new CEO to lead the turnaround of its Electric Vehicle or EV traction motor business. Separately, the potential acquis ...

Company Participants Mitsuya Kishida - EVP & Executive GM, Automotive Motor & Electronic Control Business Unit Manabu Akizuki - Nomura Securities Now we would like to start the presentation on Nidec Corporation Financial Results of the Third Quarter of Fiscal Year 2023. First, please make sure to turn off your mobile phone or switch it to silent mode. Thank you. Akinobu Samura Please turn to Slide 4. This chart shows our accumulated results. On an annual basis, sales have increased 3.2% to JPY 1,754,688 mil ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

Investors with an interest in Electronics - Miscellaneous Components stocks have likely encountered both Nidec Corp. (NJDCY) and Universal Display Corp. (OLED) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven s ...

Nidec Corporation (OTCPK:NJDCY) Q1 2023 Earnings Conference Call July 20, 2023 9:00 AM ET Company Participants Masayuki Abe - General Manager Akinobu Samura - SVP and CFO Masahiro Nagayasu - General Manager, IR Department Conference Call Participants James Pulsford - Alma Capital Ramsai Neelam - State Street Global Advisors Takashi Ito - ARGA Investment Masayuki Abe Thank you very much for joining Nidec Conference Call. My name is Abe, General Manager, Institutional Sales Department of Mitsubishi UFJ Securi ...

TSE: 6594 OTC US: NJDCY https://www.nidec.com/en/ Nidec Corporation First Quarter Fiscal 2023 Results | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Nidec Corporation (OTCPK:NJDCY) Q4 2022 Results Conference Call April 25, 2023 9:00 AM ET Company Participants Masayuki Abe - General Manager Akinobu Samura - Senior VP & CFO Masahiro Nagayasu - General Manager of IR Department Conference Call Participants James Pulsford - Alma Takashi Ito - ARGA Ramsai Neelam - State Street John Ho - Janchor Investment Masayuki Abe Hello, everyone. Thank you very much for joining Nidec Conference Call. My name is Abe, General Manager, Institutional Sales Department of Mits ...

TSE: 6594 OTC US: NJDCY https://www.nidec.com/en/ Nidec Corporation Fiscal 2022 Financial Results Fiscal Year Ended March 31, 2023 | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...