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17.10.26 - 13:06
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Nidec to Seek Damages from Founder, Execs over Accounting Fraud (Nippon)
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Kyoto, Oct. 17 (Jiji Press)--Nidec Corp. has said it is considering legal measures, such as seeking damages, against former and current executives including its founder, Shigenobu Nagamori, in connection with accounting irregularities that came to light last year. The Japanese motor manufacturer said Friday it had concluded that the executives violated laws and regulations in the course of t......
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08.10.26 - 03:36
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Hong Kong Fund Urges Embattled Nidec to Consider Going Private (Nippon)
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Kyoto, Oct. 8 (Jiji Press)--Hong Kong-based investment fund Oasis Management has urged scandal-hit Japanese motor manufacturer Nidec Corp. to consider going private. In a statement released Wednesday, Oasis said that Nidec's board of directors "must confront the risk of an unintended delisting" and urged the company, based in the city of Kyoto, western Japan, to "develop concrete options" to......
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02.10.26 - 15:42
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Nidec legt Sanierungsplan vor (Börsen-Zeitung)
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Bilanzmanipulationen haben den Elektromotorspezialisten Nidec über 6 Mrd. Euro gekostet. Eine neue Strategie und ein neuer CEO sollen das Vertrauen am Kapitalmarkt wiederherstellen....
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02.10.26 - 09:06
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Nidec impairment loss far exceeds estimates as auditor withholds opinion (Digitimes)
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Japanese motor and electronic components maker Nidec said on September 30 that its long-delayed consolidated financial report for fiscal year 2025 (from April 2025 to March 2026) showed losses from accounting irregularities of JPY632.1 billion (US$3.99 billion), far above earlier estimates. Uncertainty over the company's turnaround also deepened after auditors declined to issue an opinion....
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01.10.26 - 16:12
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New President Vows to Maintain Listing of Embattled Nidec (Nippon)
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Kyoto, Oct. 1 (Jiji Press)--Michio Kaida, new president of scandal-hit major Japanese motor manufacturer Nidec Corp., pledged Thursday to maintain the company's listing on the Tokyo Stock Exchange. At a press conference held at the company's headquarters in the western city of Kyoto, Kaida said maintaining the listing is his "mission." Audit company PwC Japan Group has withheld an opinion......
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01.10.26 - 15:42
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Nidec Announces Disclaimer of Opinion in Independent Auditor′s Report for the Securities Report, Disclaimer of Review Conclusion for Q3 Financial Results, and Disclaimer of Opinion in Internal Control Audit Report for FY2025 (Business Wire)
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KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (the “Company”) has received an audit report containing a disclaimer of opinion on the consolidated financial statements and the non-consolidated financial statements in the securities report for the fiscal year ended March 31, 2026.The Company hereby also announces that it has received an internal control audit report containing a disclaimer of opinion with respect to the internal control audit on the internal control report as of March 31, 2026.1. Name of the audit corporation which was engaged in the auditsPricewaterhouseCoopers Japan LLC2. Content of the audit report concerning the consolidated financial statements, the non-consolidated financial statements and the internal control audit report(1) Content of the audit report concerning the consolidated financial statementsThe content of the audit report concerning the consolidated financial statements for the fiscal year ended March 31, 2026, is as follows:Pursuant to Article 193-2, Paragraph 1 ...
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