{
  "docId": "019dd923-622c-750b-8b96-7f2e60571091",
  "docSlug": "9e3d3c9dc613",
  "documentTitle": "Nidec Corp. (6594 JP)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2016-12-13 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 33,
  "pageCount": 54,
  "prevPage": 32,
  "nextPage": 34,
  "slideType": "other",
  "function": "expose_contradiction",
  "density": "sparse",
  "nDataPoints": 1,
  "notes": "The slide highlights potential reputational risks and conflicts of interest regarding Nidec's acquisition strategy.",
  "elementsJson": [
    "photo",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b96-7f2e60571091/33",
  "deckHref": "/decks/019dd923-622c-750b-8b96-7f2e60571091",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b96-7f2e60571091.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-7f2e60571091#slide-33",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Nidec is buying ANA IMEP from George Copos (pictured above).",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-203f-7169-9f8d-a131e5fe2086",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.21,
        "w": 0.54,
        "x": 0.23,
        "y": 0.09
      },
      "kind": "image",
      "text": "George Copos",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1ad1d373-6127-4c83-b847-32215ac5699a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.78,
        "x": 0.11,
        "y": 0.58
      },
      "kind": "paragraph",
      "text": "Nidec Motors & Actuators (fka Valeo Motors & Actuators business): In 2006, Nidec entered the Automotive product business by acquiring Valeo S.A.'s motors and actuators business for approximately JPY 25 billion.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1ba6d79b-43e8-4bf0-8556-40638859c284",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.78,
        "x": 0.11,
        "y": 0.32
      },
      "kind": "paragraph",
      "text": "Nidec is buying ANA IMEP from George Copos. The text details his criminal history, including tax evasion and money laundering, and notes a suspicious personnel connection between the companies.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "88cb88f4-218b-4cb5-8183-decf5951c03e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.78,
        "x": 0.11,
        "y": 0.75
      },
      "kind": "source-note",
      "text": "Footnotes 104-114 detailing sources for the claims made in the text.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "43ba09e5-fb7f-46bc-b4c8-a6129d894417",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}