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Nidec ( (JP:6594) ) has issued an update.
Nidec Corporation has been designated as a ‘Security on Special Alert’ by the Tokyo Stock Exchange due to concerns over its internal management system, particularly following suspected improper accounting practices. In response, Nidec is developing an improvement plan, which includes establishing a third-party committee to investigate and recommend measures to prevent recurrence. The company is committed to reforming its corporate culture and strengthening its governance to regain investor confidence.
The most recent analyst rating on (JP:6594) stock is a Hold with a Yen2366.00 price target. To see the full list of analyst forecasts on Nidec stock, see the JP:6594 Stock Forecast page.
More about Nidec
Nidec Corporation operates in the electric motor industry, providing a wide range of motors and related products for various applications, including appliances, automotive, and industrial sectors. The company is focused on enhancing its market position through innovation and addressing internal management challenges.
Average Trading Volume: 16,056,641
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen2700B
Learn more about 6594 stock on TipRanks’ Stock Analysis page.