Nidec: High Optimism Despite Lower Cash Flow- Hold
Source: SeekingAlpha
2025-02-09 13:20:50 ET
Summary
- Nidec Corporation posted an 11.5% YoY growth in net sales and a 5% YoY increase in operating profit for the nine months ending December 31, 2024.
- Despite a 9.72% YoY decline in share price, Nidec's diversified product lines and upcoming acquisition of Makino Machine create optimism for FY 2025.
- Nidec faces challenges in the EV market, particularly in Europe, but aims to offset this with increased demand for electrification technology and structural reforms.
- I rate Nidec as a hold due to strong earnings, despite declines in cash flow and profits attributable to owners in the nine months to December 31, 2024.
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Nidec: High Optimism Despite Lower Cash Flow- Hold
Nihon Densan Kabushiki Kaisha
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