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An announcement from Nidec ( (JP:6594) ) is now available.
Nidec has received the final supplemental report from an independent Third-Party Committee investigating improper accounting within the group and has published an updated summary of the findings. In parallel, the company has advanced internal probes, particularly into trade and customs issues at NIDEC FIR INTERNATIONAL S.R.L., and is updating the market on the status of these investigations.
The company detailed the cumulative impact of corrections on prior years’ consolidated results, estimating a total negative effect of JPY 331 billion on net sales and JPY 1,664 billion on operating profit through the first quarter of fiscal 2025. Nidec also warned that further impairment losses on goodwill and fixed assets of about JPY 250 billion, mainly tied to its automotive business, may arise, alongside changes in depreciation and tax expenses.
Nidec plans to promptly revise and implement its improvement plan previously submitted to the Tokyo Stock Exchange and will file amended securities reports for past years and the year ending March 31, 2026, as quickly as possible. To strengthen governance, the company has updated its director appointment and dismissal policy ahead of the June 2026 shareholders’ meeting and adjusted the composition of its Nomination Committee to enhance fairness and objectivity in selecting new board candidates.
The most recent analyst rating on (JP:6594) stock is a Buy with a Yen3200.00 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 is a Japan-based manufacturer best known for its electric motors and related components used across automotive, industrial, appliance, and IT sectors. The company has expanded aggressively into automotive electrification and other high-value applications, making accurate financial reporting and governance crucial to sustaining investor confidence and meeting Tokyo Stock Exchange requirements.
Average Trading Volume: 6,999,010
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen2529.9B
See more insights into 6594 stock on TipRanks’ Stock Analysis page.