Nidec Founder Nagamori Fully Steps Down Amid Accounting Probe and Leadership Transition

Nidec ( (JP:6594) ) has shared an announcement.

Nidec’s founder Shigenobu Nagamori has resigned from his role as Chairman Emeritus, fully severing his formal ties with the company after previously stepping down as representative director and from all management duties in December. His departure comes as Nidec faces scrutiny over suspected inappropriate accounting practices and awaits a third-party committee report, marking a symbolic end to his 50-year management era and a deliberate handover of corporate reform to the next generation of leaders.

In a farewell message, Nagamori framed his exit as creating a “white canvas” for younger employees to rebuild trust and reposition Nidec as a sincere and globally trusted public company. He expressed confidence that the next generation will drive the company’s revitalization while he pursues a new personal focus on fostering human resources, and he urged stakeholders to continue supporting Nidec as it embarks on this new chapter under refreshed governance and leadership.

The most recent analyst rating on (JP:6594) stock is a Hold with a Yen2573.00 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 drive technologies, supplying components for applications ranging from consumer electronics to industrial and automotive systems. Listed on the Tokyo Stock Exchange and trading over-the-counter in the U.S., the company has grown from a small Kyoto venture into a global group over more than five decades.

Average Trading Volume: 6,473,900

Technical Sentiment Signal: Sell

Current Market Cap: Yen2693.8B

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