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  "documentTitle": "Nidec Corp. (6594 JP)",
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  "authorName": "Carson C. Block",
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  "presentationDate": "2016-12-13 00:00:00",
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      "text": "We see Nidec as wanting to increasingly control investors’ perceptions of the company’s performance, rather than presenting unvarnished information.",
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      "text": "The Nidec Corporation segment is also confusing, as it has significant inter-company sales (84.1% of its total); and manufactures products across multiple product groups.",
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      "text": "While an appropriate level of transparency would likely result in a much lower valuation, it would be a net benefit for Japan's capital markets and economy.",
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      "text": "Entities with revenues totaling JPY 106 billion (in the year before they were reclassified) disappeared from segment reporting because they were moved into other segments. This number represents 9.1% of FY 2015 total revenue pre-elimination.",
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