Nidec will maintain its momentum in the wake of its big wins in the automotive industry, as well as the Apple watch, said Masakazu Takeda, portfolio manager for the Hennessy Japan Fund. Takeda added that the motor-makers strong management will be the driver of the company’s long-term success. He also said there is more to Mitsubishi’s success than the weakening Yen as the trading house has transformed its business across the globe and trades at a cheap multiple. Finally, Takeda is bullish on Terumo, Japan’s largest medical device maker, because it is a strong democraphic play and has a huge market share advantage due to its medial excellence.
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