Nidec announces suspected improper conduct related to product quality; Investigation committee established On May 13, Nidec announced that there are potential issues in connection with the manufacturing of certain products by the company and its group companies, including changes to materials, processes and designs without customer check. So far, more than 1,000 potential inappropriate conducts have been identified. While no issues that immediate...

News  Updated at: 2026/05/13

Nidec submits revised improvement plan and status report to Tokyo Stock Exchange On April 27, Nidec Corporation (Nidec) submitted a revised version of its improvement plan and status report regarding suspected improper accounting practices to the Tokyo Stock Exchange (TSE). Following the TSE's designation of Nidec as a Security on Special Alert in October 2025, the company submitted the improvement plan in January 2026. Based on subsequent invest...

News  Updated at: 2026/04/28

Nidec discloses final report by third-party investigation committee on accounting misconduct On April 17, Nidec Corporation (Nidec), which has committed several accounting malpractices, released a final report it received from a third-party investigation committee that had been investigating the issue. According to the report, the total amount of negative financial impact on the company’s net profits from and prior to the fiscal year that start...

News  Updated at: 2026/04/20

Nidec Drive Technology’s new press machine assembly plant in Shiga starts operations Nidec Corporation (Nidec) announced on April 15 that Nidec Drive Technology Corporation (Nidec Drive Technology, Muko City, Kyoto Prefecture), its group company, has established a new press machine assembly plant in Ritto City, Shiga Prefecture, and started operation in March 2026. The relocation from Nagaokakyo City, Kyoto Prefecture, will increase production ...

News  Updated at: 2026/04/16

(stow) function and the “one-touch” tilt-and-slide (walk-in) feature of the 2nd row power seat assembly. Hyundai said the March 7 fatality took place in the third row and that overall it has four reports of minor injuries to second-row occupants, with a total of 17 unique vehicles with claims. Nidec Mobility Korea Corporation was the supplier of the Power Seat Control Units in the second and third rows. The recall remedy is currently under d...

News  Updated at: 2026/03/21

Nidec third-party investigation committee indicates responsibility of Shigenobu Nagamori for accounting misconduct On March 3, Nidec Corporation (Nidec) released a report by a third-party investigation committee regarding the company’s accounting misconduct. According to the report, the committee did not find evidence that founder Shigenobu Nagamori instructed or led the improper accounting, but it concluded that after the misconduct came to li...

News  Updated at: 2026/03/04

Nidec announces resignation of chairman emeritus Shigenobu Nagamori On February 26, Nidec Corporation (Nidec) announced the resignation of its founder and chairman emeritus Shigenobu Nagamori on the same day. In response to the disclosure of the company’s inappropriate accounting practices, Mr. Nagamori gave up his representative authority in December 2025. He also resigned from the member of the Board of Directors, and became part-time chairma...

News  Updated at: 2026/02/27

Nidec to set up new internal organization to revamp its corporate culture Nidec Corporation (Nidec) will establish a new internal organization to revamp its corporate culture. The company will recruit members from group companies in and outside Japan to develop improvement plans and oversee their implementation. The move follows the discovery of suspected improper accounting practices, with both positive and negative aspects of the corporate cult...

News  Updated at: 2026/01/29

e concerns that if the conflict drags on, it could affect global supply chains. Since December 7, operations in Poipet, Cambodia, near the Thai border, have been successively suspended. NHK Spring Co., Ltd. stopped operations since it was ordered in the afternoon of December 8 to evacuate the area. Nidec Corporation, which was also ordered to stop operations by the Poipet government, suspended operations since December 10. Yazaki Cambodia Product...

News  Updated at: 2025/12/16

Nidec commences production at Orchard Hub Campus in Hubli, Karnataka, India On November 19, Nidec Corporation began full-scale production at its Orchard Hub manufacturing campus in Hubli-Dharwad, Karnataka. The facility is in the Kotur-Belur Industrial Area and spans 50 acres. It supports Nidec’s operations in power generation, renewable energy, electric mobility, and industrial systems. The products manufactured at Orchard Hub include data cen...

News  Updated at: 2025/11/21

Nidec posts JPY 87 billion loss from automotive product business Nidec Corporation (Nidec) announced on November 14 that it has posted a loss of about JPY 87 billion in the automotive-related and other businesses. The company has incorporated provisions for contract losses and impairment losses. Nidec will also submit guidelines for its improvement plan in relation to inappropriate accounting practices disclosed among its group companies to the T...

News  Updated at: 2025/11/17

Nidec secures credit line totaling JPY 600 billion On November 4, Nidec Corporation (Nidec) announced that it has secured a credit line totaling JPY 600 billion. The company has secured fund-raising sources to stabilize its ongoing management turmoil. Nidec has entered into a commitment line agreement (unsecured and unguaranteed) with its main creditor banks, MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation, for JPY 300 billion each. The c...

News  Updated at: 2025/11/06

Tokyo Stock Exchange designates Nidec shares as “security on special alert” On October 28, the Tokyo Stock Exchange designated shares of Nidec Corporation (Nidec) as a “security on special alert”. It explained that Nidec’s internal management system must be improved, indicating that its audit company has issued a “disclaimer of opinion”. When a company is designated as a security on special alert, it undergoes a review of its intern...

News  Updated at: 2025/10/29

rs of Le Mans circuit. It is the brand’s first fully electric GTi badge. The car was developed by Peugeot Sport in Satory and styled in collaboration with Peugeot’s design team in Vélizy, France. The vehicle has powerful M4+ electric motor is built in Trémery, France, through the Stellantis–Nidec Emotors joint venture. The model delivers top performance in the electric hot hatch segment, with output of 280 hp and 345 Nm of torque. It acce...

News  Updated at: 2025/06/16

Nidec establishes new plant in Karnataka, India Nidec Corporation (Nidec) announced that Nidec Industrial Automation India Private Limited, a subsidiary under the Motion & Energy business division, has opened a new plant in Hubli-Dharwad, Karnataka. The new plant will have a total area of 200,000 square meters (currently approximately 121,000 square meters has been acquired, and 77,000 square meters is in the process of acquisition), with a plant...

News  Updated at: 2025/06/16

Nidec India helds groundbreaking ceremony of third manufacturing building in Neemrana On May 5, Nidec India Private Limited, a subsidiary of Nidec Corporation, held a groundbreaking ceremony for the construction of a third building at its existing manufacturing facility in Neemrana, Rajasthan. Located approximately 120 km southwest of New Delhi, the new building will cover a total floor area of 27,767 square meters and is scheduled for completion...

News  Updated at: 2025/05/20

Nidec withdraws TOB for Makino Milling Nidec Corporation (Nidec) announced on May 8 that it would withdraw the tender offer bid (TOB) for Makino Milling Machine Co., Ltd. (Makino Milling). The withdrawal comes with about two weeks remaining in the purchase period. With Makino Milling taking countermeasures, Nidec has determined that there is no economic rationale for continuing the TOB. Nidec said that it would start returning the tendered share ...

News  Updated at: 2025/05/13

Tokyo District Court rejects Nidec’s request for provisional injunction to halt countermeasures against TOB Nidec Corporation (Nidec) announced on May 7 that its petition for a provisional injunction to restrain a countermeasure against its tender offer bid (TOB) for Makino Milling Machine Co., Ltd. (Makino Milling) was rejected by the Tokyo District Court on the same day. Regarding Nidec’s nonconsensual takeover bid for Makino Milling, Makin...

News  Updated at: 2025/05/09

Nidec plans to reduce fixed costs to increase operating profit by 50% Nidec Corporation (Nidec), which has enjoyed rapid growth through its aggressive merger and acquisition strategy, will shift its business strategy. While the company’s sales target for the fiscal year that ends in March 2028 (FY 2027) is only a 10% increase from FY 2024 to JPY 2.9 trillion, the company plans to accelerate reorganization of its businesses and integration of it...

News  Updated at: 2025/05/01

Automotive companies to announce FY2024 financial results starting tomorrow Automotive companies are starting to announce their financial results for the fiscal year ended March 31, 2025. Announcements from Hino Motors, Ltd., Toyota Group medium-sized parts suppliers, and Nidec Corporation are scheduled on April 24, and announcements from Toyota Group major parts suppliers such as Denso Corporation and Aisin Corporation are scheduled on April 25....

News  Updated at: 2025/04/23