Nidec President Vows to Resolve Outstanding Issues by October to Obtain Audit Opinion

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Nidec President and Executive Officer Ryoichi Akita said at a press conference on the 1st that, regarding the audit firm's decision to issue a "disclaimer of opinion" on the company's securities report for the fiscal year ending March 2026, "we will resolve the remaining issues by October in order to obtain an audit opinion." He also stated that, in response to the massive impairment loss recorded in that fiscal year's earnings, "we will carry out structural reforms with no sacred cows."

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Nidec Corporation
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Massive impairment loss recorded in the fiscal year's earnings, prompting promised structural reforms.

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