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    Fumihide Goto

    senior analyst at Mizuho Securities Co., Ltd.

    Fumihide Goto is a senior analyst at Mizuho Securities Co., Ltd., specializing in electronic components with coverage of leading companies such as Nidec Corporation and MinebeaMitsumi. He is recognized within the industry for consistent research excellence, having held analyst roles for several years including notable appearances in Institutional Investor's All-Japan Research Team rankings. Goto’s career includes previous research experience at UBS before joining Mizuho Securities, where he continues to provide critical insights and investment recommendations to clients. He holds credentials typical for industry analysts, with coverage noted by top corporations and respected within Japanese equity research circles.

    Fumihide Goto's questions to NIDEC (NJDCY) leadership

    Fumihide Goto's questions to NIDEC (NJDCY) leadership • Q4 2025

    Question

    Fumihide Goto from Mizuho Securities inquired about the company's strategy for managing ROIC by business unit and improving manufacturing capabilities under the new mid-term plan. He also asked CFO Akinobu Samura to detail the primary factors driving the change in operating profit for the fiscal 2025 forecast.

    Answer

    An unnamed executive, likely President and CEO Mitsuya Kishida, explained that ROIC management will be granular, assessing each business to optimize the portfolio and potentially shrink underperforming units. CFO Akinobu Samura added that the FY2025 profit improvement will be driven by front-loaded fixed cost reductions and a significant shift in product mix towards higher-margin areas like MOEN energy, while shrinking some small motor businesses.

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    Fumihide Goto's questions to NNDNF leadership

    Fumihide Goto's questions to NNDNF leadership • Q2 2025

    Question

    Inquired about the specific group synergies and growth opportunities identified by the new management, and the future strategy for the EV traction motor business regarding products, clients, and growth timeline.

    Answer

    The company has completed an inventory of synergy opportunities and will focus on the automotive product business, particularly in system design and ECUs, leveraging software talent across the group. The integration of Nidec Mobility and Elysis is a key first step. For the traction motor business, the focus will be on components outside of the JVs with Stellantis and GSE, catering to inquiries from large clients and developing unique Nidec technologies for future generations.

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