Nidec Corporation

NJDCY

Industrial - Machinery · Industrials

Price

$4.07

+0.04 (+0.87%)

Market Cap

$18.66B

Exchange

Other OTC

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Sep 30, 2025

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Strong

Stability

Exceptional

Valuation

Strong

Dividends

Weak

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Share count falling — buybacks

−1.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 4.69B (2021) → 4.60B (2025)

Winston Score History

The full picture

Nidec Corporation is a Japanese company that makes electric motors — the small spinning parts inside machines that convert electricity into movement. Its motors go into hard drives, home appliances, cars, factory robots, and industrial equipment. Nidec is one of the largest motor manufacturers in the world, supplying major electronics and automotive companies globally.

Nidec earns money by selling motors and related components to manufacturers, with revenue spread across consumer electronics, automotive, and industrial customers. The company operates worldwide, with major production in Japan, China, and Southeast Asia, and generates well over $15 billion in annual revenue. Its competitive edge comes from its enormous scale and broad product range, which makes it hard for smaller rivals to match on price or variety. The key growth driver is demand for motors used in electric vehicles and factory automation, though slowing EV adoption and intense competition from Chinese manufacturers remain meaningful risks.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+4.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+111.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

¥81.4B/ year

→ Flat (+0% vs prior year)

3.1% of revenue

Below sector average (4%)

Steady R&D investment year-over-year

Insider Activity

79.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

¥399.8B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Nidec Corporation is growing revenue at 5% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

20.6%

Thin — 20.6% gross margin

Profit after running costs

Operating Margin

7.2%

Modest — 7.2% operating margin

Return on the money invested

ROCE

11.3%

Below par — 11.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+5.5%

Slow sales growth (+5.5% YoY)

Profit growth

EPS YoY

+88.3%

Earnings growing fast (+88.3% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

144%

Turns 144% of profit into real cash

Spare cash per sale

FCF Margin

6.1%

Modest free cash flow (6.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.15

Conservative — low debt load (0.15)

Covers its interest

Interest Cover

37.51x

Comfortably covers interest (37.5x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

25.2x

Growth-priced — P/E 25.2

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+8.2

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (25.2 → 17.1)

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Dividends

Dividend

Dividend Yield

1.47%

Small dividend — 1.47% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

-24.5%

Dividend cut (-24.5% YoY) — warning sign

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