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JCR Upgraded LTD Rating of Nidec |
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Upgraded sr.debts of Nidec to A+/Stable
March 29, 2006
Issuer: Nidec Corporation (securities code no: 6594)
JCR has upgraded the rating on senior debts of the issuer from A to A+/Stable.
- Rationale -
Nidec is the world's top manufacturer of motors for HDDs. Market for HDDs is expected to grow continually along with expansion in their applications. The Company's revenue and earnings from motors for HDDs are on the rise. JCR thinks that the Company has entered into a phase where it can put more emphasis on profitability thanks to the increased market share. Nidec conceives growth strategy for brushless DC motors, in-car motors, optical pickup, robots. JCR thinks that the earnings will be good. The increased net income accumulated capital. Nidec plans to engage in M&A activities to increase the revenue to 1 trillion yen. Although impact of the acquisitions on the financial structure should be examined carefully, the Company's financial tolerance has increased well.
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| Note: | This English content is a translation from the original Japanese document and therefore shall not be legally authentic.
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