Nidec Corp
6594: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|b@$ | LOCK|B@J<C | LOCK|$Y |
Nidec Earnings: Robust AI Demand Offset by Weakness on Other Applications; Shares Undervalued
Due to a delay in the audit report, Nidec held an earnings conference for the June quarter, based on preliminary numbers. Sales were down 1.6% year on year due to the Japanese yen appreciation. Operating income increased by 2.3%, and by more than 20% when excluding last year's one-time gain.
