Unknown Analyst's questions to Nidec Corp (NJDCY) leadership • Q4 2023
Question
An analyst from TV Tokyo asked about the primary risks and areas of concern in the global market for fiscal 2024 and requested Chairman Nagamori's perspective on the competitive landscape in China, particularly for the traction motor business.
Answer
Executive Mitsuya Kishida stated that geopolitical and other risks are already factored into the fiscal 2024 forecast. Chairman Shigenobu Nagamori added that while competition in China has been fierce, he believes the situation is stabilizing. He affirmed Nidec's long-term commitment to the Chinese market due to its size but stressed the company will only engage in "healthy competition" and will not pursue business that incurs significant losses, while also identifying India as a key future market.