Nidec reported its results for the fiscal year ended March 2026, delayed due to improper accounting. Impairment losses on nonfinancial assets reached JPY 632.1 billion, far above the JPY 250 billion of assets flagged for impairment review in March. Management plans to hold a briefing on Oct. 1.
Nidec will benefit from increasing demand for efficient motors from various industries and new applications. It is cultivating new business opportunities, such as automobiles, air conditioners, electric generators, robots, and drones.
Mass production of 3D NAND will accelerate the contraction of HDD demand more quickly than market consensus expects and consequently will hurt the profitability of HDD motors.
|
Metric
|
6594
|
KYOAY
|
6762
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.93 | 34.27 | 31.24 |
Price/Book Value | 127.04 | 1.48 | 2.64 |
Price/Sales | 0.89 | 2.34 | 2.43 |
Price/Cash Flow | 13.80 | 19.94 | 13.04 |
|
Metric
|
6594
|
KYOAY
|
6762
|
|---|---|---|---|
Quick Ratio | 0.58 | 1.73 | 1.14 |
Current Ratio | 0.59 | 2.86 | 1.56 |
Interest Coverage | −20.03 | 8.73 | 8.35 |
|
Metric
|
6594
|
KYOAY
|
6762
|
|---|---|---|---|
Return on Assets (Normalized) | −26.16% | 3.02% | — |
Return on Equity (Normalized) | −94.31% | 4.20% | — |
Return on Invested Capital (Normalized) | −35.30% | 2.65% | — |
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1-Day Chart
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United States