Weihong Shares disclosed its 2026 semi-annual report, with second-quarter revenue and net profit attributable to the parent company rising 19.06% and 48.48% year-on-year respectively, a sharp improvement quarter-on-quarter. In the first half of the year, the company achieved revenue of 286 million yuan, up 10.06% year-on-year, and net profit attributable to the parent company of 6.0243 million yuan, down 79.4% year-on-year, with the profit decline mainly dragged by non-recurring factors. The biggest highlight is that shipments of dexterous hand joint motors and modules surpassed 50,000 units, with products entering the supply chains of leading domestic and international robotics companies, and the new robotics track beginning to contribute substantial revenue. The company's dexterous hand dedicated modules cover diameters from 10 to 25 millimeters, with a product matrix including standalone motors, motors with drivers, and motors with drivers and reducers, featuring low temperature rise and high torque density. Currently, the company has accumulated seventy to eighty cooperative clients, with production line expansion targeting a monthly output of 80,000 units by the end of 2026. Its products have penetrated approximately 40% of global and 80% of China's dexterous hand solutions, entered the supply system of leading robotics company YS, and established cooperation with overseas institutions such as SkildAI and the Stanford Laboratory. In the industrial machine tool business, metal cutting product revenue grew 7.3% year-on-year, and servo system revenue grew 27% year-on-year, with the two tracks forming a synergistic effect of shared technology and mutually reinforcing demand.
Dexterous hand joint module shipments surpassed 50,000 units, entering supply chains of leading robotics companies, with production expansion targeting 80,000 units/month by end of 2026.
Nidec Replaces Presidents of Four Subsidiaries with Outside Hires
Nidec announced on the 2nd that it is changing the presidents of four subsidiaries, including Nidec Techno Motor. All of the new presidents come from outside the company, with their appointments effective as of the 1st. At Nidec Techno Motor and Nidec Drive Technology, Takeshi Nishiyama, a senior managing executive officer from Sony, took the helm at age 57, while Yuji Tanaka, a senior executive officer at Nidec, assumed the post at age 61. At Nidec Powertrain Systems, Chairman Katsuhiro Wada, formerly of Omron, took over at age 63, and at Nidec Machine Tool, Senior Executive Officer Kenji Hamanaka, formerly of Mitsubishi Heavy Industries, took the position at age 55. Amid a string of misconduct cases, the group is also overhauling its personnel appointments to push forward with management reform.
Robotics & Physical AI › Robotics Components & Actuation Talent
Robotics & Physical AI › Servo Motors & Magnets Talent
Electrification & Mobility › EV Powertrain & Power Electronics Talent
6594.JP · Regulation · Neutral Nidec replaces presidents of four subsidiaries with outside hires amid a string of misconduct cases, part of a management-reform overhaul.
Nidec Powertrain Systems Corporation · Regulation · Neutral Nidec Powertrain Systems gets Chairman Katsuhiro Wada (ex-Omron) as its new president in the group's management reform.
Nidec Techno Motor Corporation · Regulation · Neutral Nidec Techno Motor gets a new outside president (Takeshi Nishiyama, ex-Sony) as part of the group's personnel overhaul.
Nidec Q3 EPS Falls 80.5% to ¥8.48 as Operating Profit Drops 30.9%
Nidec reported third-quarter earnings per share of ¥8.48, down 80.5% year over year from ¥43.57. Revenue for the fiscal third quarter ended December 31, 2025 rose 4.8% year over year to ¥681.46B. Operating profit fell 30.9% year over year to ¥28.43B, and operating margin narrowed to 4.2% from 6.3%. The results were disclosed in a Nidec press release.
Nidec Shares Plunge 18% After PwC Declines to Sign Off on Annual Report
Nidec Corp shares tumbled as much as 18% to 1,888.0 yen on Thursday after auditor PwC declined to vouch for the accuracy of the company's long-delayed annual report. The report, released Wednesday for the fiscal year ending March 2026, showed a substantially wider operating loss of 518.9 billion yen, or $3 billion, driven by an impairment loss of 632 billion yen tied to its automotive and commercial products divisions. PwC added a disclaimer stating it was unable to obtain sufficient and appropriate evidence to form an opinion on the financial report, compounding a reputational crisis that began over a year ago when Nidec admitted to improper accounting and governance practices. An independent investigation found misconduct including non-disclosure of impairment losses and delays in recognizing inventory depreciation, and the company acknowledged material weaknesses in internal control, saying it will undertake initiatives to fix governance and compliance. Nidec must submit a report on internal controls to the Tokyo Stock Exchange by end-October or risk de-listing, and on Wednesday it also announced the abrupt resignation of CEO Mitsuya Kishida, with CTO Michio Kaida to take over as CEO and president.
Robotics & Physical AI › Servo Motors & Magnets ▼Capital
Electrification & Mobility › E-motors, Inverters & Drivetrain Capital
6594.JP · Capital · Negative PwC declined to sign off on Nidec's annual report, which showed a 518.9 billion yen operating loss and a 632 billion yen impairment, deepening its accounting crisis and de-listing risk.
PricewaterhouseCoopers · Regulation · Neutral PwC is the auditor that declined to vouch for Nidec's financial report, a professional/regulatory action rather than a business development for PwC itself.
Nidec posts 496,214 million yen pretax loss for fiscal year ending March 2026, missing IFIS consensus
Nidec's pretax loss for the fiscal year ending March 2026, announced on September 30, came to 496,214 million yen, falling short of the latest IFIS consensus of 170,667 million yen. According to earnings forecasts released the same day, pretax profit for the fiscal year ending March 2027 is projected at 180,000 million yen, 23.2% below the IFIS consensus. The same forecasts also project interim pretax profit of 110,000 million yen.
Robotics & Physical AI › Servo Motors & Magnets ▼Capital
6594.JP · Capital · Negative Nidec reported a 496,214 million yen pretax loss for FY ending March 2026, missing IFIS consensus, and guided FY2027 pretax profit 23.2% below consensus.
Nidec posts 564.6 billion yen loss for fiscal year ending March 2026; auditor issues disclaimer of opinion after 632.2 billion yen impairment
Nidec submitted to the Kanto Local Finance Bureau on the 30th its annual securities report for the fiscal year ending March 2026, which had been delayed, reporting a net loss of 564.6 billion yen. The loss stemmed from an impairment charge of 632.2 billion yen recorded within the company's group. The auditing firm issued a disclaimer of opinion on the company's annual securities report.
Robotics & Physical AI › Servo Motors & Magnets ▼Capital
6594.JP · Capital · Negative Nidec reported a 564.6 billion yen net loss driven by a 632.2 billion yen impairment, with the auditor issuing a disclaimer of opinion.
Nidec in final talks to sell components unit to Carlyle for $636 mln
Nidec confirmed on Wednesday that it is in final-stage talks to sell its electronic parts subsidiary, Nidec Components, to U.S. private equity firm Carlyle Group, in a deal expected to be worth more than 100 billion yen, or $636 million. The sale would mark the first divestiture of a major subsidiary by Nidec, the world's largest maker of precision motors, and is largely aimed at accelerating a turnaround by streamlining operations. Nidec Components was founded in 1967 as Copal Electronics and became a wholly-owned subsidiary of Nidec in 2014. The company is reportedly facing an impairment charge of 1 trillion yen, or $6.3 billion, as it grapples with the fallout of a major governance scandal over the past year, and on Tuesday announced that President and CEO Mitsuya Kishida had resigned effective immediately. Nidec also confirmed it will release its long-delayed third-quarter and fiscal 2026 earnings on Wednesday, and its shares surged 6.5% on Wednesday, on track to snap two days of steep losses.
Robotics & Physical AI › Servo Motors & Magnets Capital
Robotics & Physical AI › Robotics Components & Actuation Capital
Electrification & Mobility › E-motors, Inverters & Drivetrain Capital
6594.JP · Capital · Positive Nidec confirmed the divestiture of Nidec Components to Carlyle, its first major subsidiary sale, aimed at streamlining operations and accelerating a turnaround.
CG · Capital · Positive Carlyle is the buyer in the $636 mln acquisition of Nidec Components, expanding its portfolio.
Nidec Components Corporation (formerly Copal Electronics) · Capital · Neutral Nidec Components is the unit being sold to Carlyle, but the article gives no clear positive or negative read on the subsidiary itself.
Japan
United States