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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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27.04.26 - 09:48
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Nidec Announces the Postponement of Disclosure of the Financial Results for the 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”) hereby announces that the disclosure of the Financial Results for the Fiscal Year Ended March 31, 2026, will be postponed, as detailed below.
We sincerely apologize for any inconvenience and concern caused to our shareholders, investors, and other stakeholders.
Reason for the Delay in the Disclosure of the Financial Results
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,” we received the final report from the Third-Party Committee.
Given the above result, we are currently working on corrections to financial statements for the fiscal year ended March 31, 2022, and subsequent years, as well as preparing the financial statements for the fiscal year ended March 31, 2026.
These procedures remain ongoing at present and are expected to take a considerable amount of time.
As a r...
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17.04.26 - 11:36
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Nidec Announces the Receipt of the Third-Party Committee′s Investigation Report (Final Report) and Our Company′s Response (Business Wire)
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KYOTO, Japan--(BUSINESS WIRE)--As previously announced in our “Notice Regarding the Third-Party Committee's Investigation Report” dated February 27, 2026, and our “Announcement Regarding the Disclosure of the Third-Party Committee's Investigation Report and Our Company's Response” dated March 3, 2026, the investigation by the Third-Party Committee (the “Committee”) into the instances of improper accounting within our Group has been ongoing after receipt of the Committee's investigation report dated February 27, 2026. The investigation has now been completed, and today we received from the Committee the investigation report (supplement) as its final report (the “Investigation Report (Supplement)”). We hereby disclose the updated Third-Party Committee's Investigation Report (Summary) (the “updated Investigation Report (Summary)”). This has been revised based on the Investigation Report (Supplement).
In addition, in parallel with the investigation conducted by the Third-Party Committ...
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30.03.26 - 10:18
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Nidec Announces the Receipt of a Request by a Shareholder to File an Action (Business Wire)
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KYOTO, Japan--(BUSINESS WIRE)--We hereby announce that on March 27, 2026, we received a written request from an individual shareholder of the Company requesting an action be brought to pursue liability and other remedies pursuant to Article 847, Paragraph 1 of the Companies Act (hereinafter referred to as the “Request for Filing an Action”).
In the Request for Filing an Action, the individual shareholder requests that the Company file an action pursuing liability and other remedies against current and former directors, alleging instances of improper accounting and other matters.
As announced in the “Notice Regarding the Establishment of the Executive Responsibility Investigation Committee” dated March 13, 2026, the Company has established the Executive Responsibility Investigation Committee to examine whether current and former directors, auditors, and executive officers bear legal liability in connection with the instances of improper accounting, including whether they breached their duties in th...
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27.03.26 - 06:24
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Nidec Announces the Future Nomination of Director Candidates for New Nidec (Business Wire)
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KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (the “Company”), as part of its efforts to strengthen corporate governance based on the report of the Third-Party Committee published on March 3 as well as the Improvement Plan and the Status Report published by the Company on January 28, is revising the composition of its Board of Directors so that the Board can perform its functions effectively by including directors who possess diverse knowledge, experience, and expertise. In advance of the 53rd Annual General Meeting of Shareholders, the Company will, as set forth below, revise its policy for appointing directors and the criteria for their appointment and dismissal, and has reviewed the composition of the Nomination Committee as of March 26 to ensure that director candidates are nominated with a higher degree of fairness and objectivity.
1. Changes to the Composition of the Nomination Committee
(1) Effective Date: March 26, 2026
(2) Post-Change Structure
The composition of the Nomination Committee w...
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13.03.26 - 10:15
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Nidec Announces the Establishment of the Executive Responsibility Investigation Committee (Business Wire)
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KYOTO, Japan--(BUSINESS WIRE)--As announced in the “Announcement Regarding the Disclosure of the Third-Party Committee's Investigation Report and Our Company's Response” dated March 3, 2026, we have been considering the establishment of an Executive Responsibility Investigation Committee. At the Board of Directors meeting and the Audit and Supervisory Committee meeting held on March 13, 2026, it was decided to establish the Executive Responsibility Investigation Committee (the “Committee”).
Regarding the instances of improper accounting within our group, the Committee, composed of external experts who have no conflicts of interest with the following individuals, will investigate and examine whether current and former directors, auditors, and executive officers bear legal liability, including whether they breached their duties in the execution of their responsibilities. Based on the report and recommendations of the Committee, we intend to determine whether to pursue claims for damages or other l...
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