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19.06.26 - 05:09
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Nidec Announces the Board and Committee Structure of New Nidec (Business Wire)
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KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “we”) hereby announces that, as announced in our release titled “Determination of Director Candidates for New Nidec” dated May 13, 2026, the Company has been proceeding with a review of the composition of its Board of Directors as part of its efforts to strengthen corporate governance, with the aim of enhancing the effectiveness of the Board through the appointment of directors possessing diverse knowledge, experience and expertise.
At the 53rd Annual General Meeting of Shareholders held today, June 18, 2026 (the “Annual General Meeting”), all Company-proposed director candidates were duly elected and approved. Following the Annual General Meeting, the Board of Directors and the Audit and Supervisory Committee convened and resolved the Company's board and committee structure as set out below.
For information regarding the Company's director and executive officer structure, please refer to the ...
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18.06.26 - 08:54
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Nidec Chief Apologizes to Shareholders for Scandals (Nippon)
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Kyoto, June 18 (Jiji Press)--Nidec Corp. President and CEO Mitsuya Kishida apologized at a general shareholders meeting on Thursday for the major motor manufacturer's accounting and quality scandals. "We deeply apologize," Kishida said during the meeting in the western Japan city of Kyoto. "We will thoroughly identify the problems and make fundamental improvements." Several shareholders c......
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16.06.26 - 12:18
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Nidec Announces Consideration of an Application for Approval of an Extension of the Filing Deadline of Annual Securities Report for the 53rd Fiscal Year (Ended March 31, 2026) (Business Wire)
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KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “we”) hereby announces that the Company is considering filing the application for approval of an extension of the deadline of Annual Securities Report for the 53rd Fiscal Year (Ended March 31, 2026) with a statutory filing deadline of June 30, 2026. We sincerely apologize for any inconvenience and concern caused to our shareholders, investors, and other stakeholders.
1. Consideration of an application for approval of deadline extension of Annual Securities Report for the 53rd Fiscal Year (Ended March 31, 2026)
As announced in the press release dated April 17, 2026, “Announcement Regarding Receipt of the Third-Party Committee's Investigation Report (Final Report) and Our Company's Response,” the Company has identified the suspicions of improper accounting with the involvement or knowledge of the management of the Company and its group companies. Therefore, the Company established a Third-Party Comm...
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31.05.26 - 01:36
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INTERVIEW: Embattled Nidec to Suspend Biz Acquisitions (Nippon)
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Kyoto, May 31 (Jiji Press)--Nidec Corp. President Mitsuya Kishida has said the major Japanese motor maker will suspend business acquisitions for the time being to focus its efforts on reconstructing the firm rocked by accounting and product quality fraud. Business acquisitions have been a growth driver for Nidec, based in the western Japan city of Kyoto. "I will work on rebuilding our com......
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22.05.26 - 04:42
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Nidec CEO: Data Center Demand Offsets Scandal Impact (Bloomberg)
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Mitsuya Kishida, CEO of Nidec, says the company's recent financial performance is being bolstered by its data-center business, despite quality control and accounting problems at the supplier of electric motors. He says 'regaining trust' with customers is the firm's first priority. He speaks with Shery Ahn on "Bloomberg: The Asia Trade". (Source: Bloomberg)...
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18.05.26 - 12:12
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Nidec will sich aus E-Achsengeschäft zurückziehen (Electrive)
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Nidec sucht den Absprung vom E-Achsen-Geschäft in China und Europa: Dazu will sich der japanische Industriekonzern aus der 2019 mit Partner GAC gegründeten Gemeinschaftsfirma Guangzhou Nidec Auto Drive System zurückziehen. In Europa ist ein Joint Venture mit Stellantis betroffen....
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18.05.26 - 09:01
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Japan′s Nidec to End Joint Venture with China Automaker (Nippon)
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Kyoto, May 18 (Jiji Press)--Major Japanese motor maker Nidec Corp. has started talks to dissolve its electric vehicle drive system joint venture with Chinese automaker Guangzhou Automobile Group Co., informed sources said Monday. The move marks a shift from the expansion strategy championed by Nidec's founder, Shigenobu Nagamori. The venture produces E-Axle systems consisting of e-motors,......
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13.05.26 - 09:51
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Nidec Announces Determination of Director Candidates for New Nidec (Business Wire)
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KYOTO, Japan--(BUSINESS WIRE)--In light of the report of the Third-Party Committee disclosed on March 3 and April 17 of this year, as well as the improvement plan and status report disclosed on January 28 and April 27, the Company has been proceeding with a review of the composition of its Board of Directors as part of its efforts to strengthen corporate governance. The Company aims to establish a Board comprised of directors possessing diverse knowledge, experience, and expertise so as to enable the Board to effectively fulfill its functions. The Company hereby announces that it has determined the candidates for directors to be submitted for election at the 53rd Annual General Meeting of Shareholders, scheduled to be held on June 18 of this year (the “Annual General Meeting”), as set forth below.
Furthermore, as announced in our “Notice Regarding the Establishment of the Executive Responsibility Investigation Committee” dated March 13, 2026, with respect to the series of improper accounting withi...
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13.05.26 - 09:51
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Nidec Announces the Policy for Holding the 53rd Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders (Business Wire)
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KYOTO, Japan--(BUSINESS WIRE)--The Company hereby announces that it has resolved the policy for holding the 53rd Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders as follows:
1. Policy for Holding the 53rd Annual General Meeting of Shareholders and the Extraordinary General Meeting of Shareholders
The Company established a Third-Party Committee on September 3, 2025, in response to issues relating to trade transactions and tariffs at its overseas subsidiaries, which gave rise to suspicions that improper accounting had been conducted at the Company and its group companies, with the involvement or knowledge of its or their management.
The Company subsequently received investigation reports from the Third-Party Committee on February 27, 2026, and April 17, 2026. These reports confirmed numerous instances of accounting misconduct across multiple locations within the Company's group, including the deferral of inventory valuation losses, the avoidance of impairment loss...
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13.05.26 - 03:36
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Nidec Suspected of Product Quality Fraud (Nippon)
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Kyoto, May 13 (Jiji Press)--Major Japanese motor maker Nidec Corp. said Wednesday that improper activities, such as changing "materials, processes and designs without customer approval," are suspected for some of the firm's products. The company said it has begun contacting and providing explanations to customers, and plans to announce facts and its response related to the suspected quality ......
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