NIDEC's President Nagamori is one my favorite manager in Japan.
He decided to terminate pay cuts of 1300 employees, although gradually, citing the recovery in co’s business. We have seen HDD-related components’ sales getting stronger such as Seagate’s guidance, which may have made NIDEC bullish than before.
I know there was a sell rating initiation on the street today, not related to this staff cost raise I suppose, but I believe that this is one of the best companies in Japan which should recover faster than its peers.
