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    6594   JP3734800000

NIDEC CORPORATION

(6594)
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Nidec Starts Discussions on Establishing Joint Venture with Hon Hai and Foxtron

07/21/2021 | 02:15am EDT

Nidec Corporation announced that the Company has agreed to start discussions on establishing a joint venture (JV) with Hon Hai Technology Group and Foxtron Vehicle Technologies Co. Ltd. of Hon Hai Technology Group in Taiwan. On March 18, 2021, Nidec signed a memorandum of understanding with Foxtron regarding its strategic alliance in the development of electric vehicle (EV) drive systems. Foxtron and Nidec have continued joint development to supply products equipped with Nidec’s traction motor system E-Axle for customers all over the world. Moving forward to prepare the productions further, Hon Hai/Foxtron and Nidec have come to consider establishing the JV. The JV aims to ensure a stable supply of traction motors and other automobile motors for Hon Hai/Foxtron, and to expand sales opportunity of new markets and customers for Nidec. Also, the Company expects that the JV will greatly contribute to the business expansion and growth of all companies related to the JV.


ę S&P Capital IQ 2021
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Analyst Recommendations on NIDEC CORPORATION
More recommendations
Financials
Sales 2022 1 805 B 16 476 M 16 476 M
Net income 2022 152 B 1 383 M 1 383 M
Net Debt 2022 344 B 3 135 M 3 135 M
P/E ratio 2022 53,3x
Yield 2022 0,47%
Capitalization 8 069 B 73 706 M 73 636 M
EV / Sales 2022 4,66x
EV / Sales 2023 4,23x
Nbr of Employees 112 551
Free-Float 84,5%
Chart NIDEC CORPORATION
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Nidec Corporation Technical Analysis Chart | 6594 | JP3734800000 | MarketScreener
Technical analysis trends NIDEC CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 13 785,00 JPY
Average target price 15 216,67 JPY
Spread / Average Target 10,4%
EPS Revisions
Managers and Directors
Shigenobu Nagamori Chairman & Chief Executive Officer
Jun Seki Executive President, COO & Representative Director
Takayuki Sakurai Co-Chief Financial Officer & Executive Officer
Hidetoshi Yokota Co-CFO, Head-Investor Relations & Accounting
Mikio Katayama Chief Technology Officer & Executive VP
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