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NJDCY - Nidec Performing Well Through The Downturn
Nihon Densan Kabushiki Kaisha ADR
"It's different this time" are words that can come back to haunt an investor, but for this cycle at least, Nidec (NJDCY) (6594.TO) really has been different. While Nidec has been hit by the global pandemic, the impact to sales has been less severe than for many companies. On top of that, the company's serial efficiency drives continue to produce positive results, support overall margins and reducing the breakeven point for the emerging EV motor business.
Nidec shares have done well since my last update, rising close to 20% and outperforming the