Nidec, a major motor manufacturer, said on the 28th that it is considering changes to its executives, including President Mitsuya Kishida, in the wake of accounting and quality misconduct. The company is also considering large-scale impairment charges in its fiscal 2026 results for the year ending March, to be announced at the end of September, and the amount is expected to reach at least several hundred billion yen. The accounting fraud came to light in September 2025, and a final report by a third-party committee published in April 2026 concluded that the impact of inflated net profit from the misconduct totaled 160.7 billion yen cumulatively through the April-to-June quarter of 2025. The company had indicated it would record an impairment loss of around 250 billion yen, mainly in its automotive components business, in connection with the revision of past financial statements, but the figure now looks set to grow even larger.
Nidec CorporationNidec is considering large-scale impairment charges of at least several hundred billion yen in fiscal 2026 tied to accounting fraud, alongside possible executive changes.
