NJDCY - Nidec Stock: Spotlight On New CEO And Potential M&A

2024-04-14 06:48:24 ET

Summary

• Mitsuya Kishida has recently assumed the CEO role, and there are positive expectations that Nidec Corporation's EV traction motors business will achieve a successful turnaround under his charge.
• According to media reports, NJDCY is engaged in a potential acquisition of motors business, Innomotics, which might help to grow the company's presence in the EMEA geographical region.
• My Buy rating for Nidec stock stays unchanged, following an assessment of the company's recent developments.

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....

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