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 ...

Financial Data and Key Metrics Changes - Net sales increased by 4.8% year-on-year to ¥566.1 billion [5] - Operating profit increased by 34.7% year-on-year to ¥60.2 billion, marking a record high on a quarterly basis [5] - Profit before income taxes increased by 51% year-on-year to ¥86.1 billion, also a record high [5] - Profit attributable to owners of the current increased by 55% year-on-year to ¥64 billion, marking a record high [5] Business Line Data and Key Metrics Changes - The appliance, commercial and industrial (ACI) segment marked a record high in quarterly operating profit [6] - The MOEN (Motion & Energy) segment is expected to contribute to increased sales and profit in fiscal year 2023 [8] - The Battery Energy Storage Solutions (BESS) business is expected to grow sharply due to the energy crisis [9] Market Data and Key Metrics Changes - The market for E-Axles is shifting from larger models to more compact models, impacting sales volumes [34] - The HDD motor market is shrinking significantly, with expected shipments down to approximately 126 million units in 2023 [51] Company Strategy and Development Direction - The company aims to become the number one automotive system company by anticipating strong electrification demand [15] - Nidec is focusing on expanding its market share in the automotive sector, particularly in electric power steering and electric brakes [16] - The company is targeting ¥500 billion in sales from Battery EV-related business by fiscal year 2025 [18] Management Comments on Operating Environment and Future Outlook - Management noted that the transition from Gen 1 to Gen 2 E-Axles faced challenges, impacting sales forecasts [33] - The company is optimistic about maintaining operating profit despite reduced volumes due to improvements in cost structure [46] - Management highlighted the importance of compact models in the E-Axle market and the competitive landscape [49] Other Important Information - Nidec has established a joint venture for aerospace electrification to develop electric propulsion systems [10] - The company has acquired Houma Armature Works to enhance service offerings in the oil and gas sector [13] Q&A Session Summary Question: About the E-Axle business volume cut - Management explained the significant decline in volume was due to issues transitioning from Gen 1 to Gen 2, market shifts in China, and a move towards smaller models [34][35][36] Question: Expected launch of Gen 3 E-Axles - Gen 3 products are planned for launch in June 2024, with an initial target of 955,000 units for the Chinese market [39] Question: Profit margin on E-Axle business - Management indicated that despite reduced volumes, improvements in cost structure would help maintain operating profit [46] Question: Pricing dynamics in the E-Axle market - The market is experiencing intense competition, with a focus on compact models rather than price [48] Question: HDD motor segment market share - Management clarified that Nidec is the sole supplier to Western Digital and Toshiba, and the market is shrinking rather than losing share [51] Question: Working capital status - Working capital has increased significantly, but improvements are expected as lead times for raw materials decrease [55]

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 | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Nidec Corporation (OTCPK:NJDCY) Q3 2022 Earnings Conference Call January 24, 2023 9:00 AM ET Company Participants Yoichi Orikasa - General Manager, Kyoto branch of Mitsubishi UFJ Morgan Stanley Securities Akinobu Samura - Senior Vice President and Chief Financial Officer Conference Call Participants Takashi Ito - ARGA Investment Management Ramsai Neelam - State Street Global Advisors Yoichi Orikasa Dear all, thank you very much for joining Nidec's Conference Call. I'm Yoichi Orikasa, General Manager, Kyoto ...

| --- | --- | |----------------------------------------------------------------------------------------|----------------------------------------------------| | | | | | TSE: 6594 OTC US: NJDCY https://www.nidec.com/en/ | | Nidec Corporation | | | Third Quarter Fiscal 2022 Results Three and Nine Months Ended December 31, 2022 | | | | | | | January 24, 2023 | | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------- ...

Nidec Corporation (OTCPK:NJDCY) Q2 2022 Results Earnings Conference Call October 24, 2022 9:00 AM ET Company Participants Yoichi Orikasa - General Manager, Kyoto branch of Mitsubishi UFJ Morgan Stanley Securities Akinobu Samura - Senior Vice President and Chief Financial Officer Masahiro Nagayasu - General Manager of the IR & CSR Promotion Conference Call Participants Tom Grew - Alma Capital Ramsai Neelam - State Street Global Advisors Yoichi Orikasa Dear all. Thank you very much for joining Nidec's Confere ...

TSE: 6594 OTC US: NJDCY https://www.nidec.com/en/ Nidec Corporation Fiscal First-Half 2022 Financial Results October 24, 2022 Six Months Ended September 30, 2022 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Nidec Corporation (OTCPK:NJDCY) Q1 2022 Earnings Conference Call July 20, 2022 9:00 AM ET Company Participants Taku Miyagawa - Mitsubishi UFJ Morgan Stanley Securities Jun Seki - Representative Director, President & Chief Operating Officer Akinobu Samura - SVP & CFO Masahiro Nagayasu - General Manager of the IR & CSR Promotion Conference Call Participants Ramsai Neelam - State Street Global Advisors Takashi Ito - ARGA Investment Management Tom Grew - Alma Capital Jonathan Greenhill - Barings Asset Managemen ...