Nidec's new president, Toshio Kaita, held a press conference on the 1st, apologizing for the situation in which the company's top management is changing hands once again following a series of accounting and quality scandals, and stating that his mission is to rebuild the company and restore it to a state where it is trusted again. Kaita stressed that the most important thing is to return to the company's origins as a business, first ensuring it can produce proper financial statements, and restoring Nidec to a company that puts manufacturing, people development, and quality first, as it originally did. On September 30, the company announced that it would record an impairment loss of 632.135 billion yen on non-financial assets in its operating profit and loss for the fiscal year ending March 2026, and as a result, its net profit and loss for the same period is expected to be a loss of 564.6 billion yen, a reversal from the previous year's profit of 84.6 billion yen. The auditing firm issued a disclaimer of opinion.
Nidec CorporationNidec will record a 632.135 billion yen impairment and expects a 564.6 billion yen net loss for FY ending March 2026, with its auditor issuing a disclaimer of opinion.
