Overview
- Nidec filed its 2026 fiscal-year results on Wednesday, September 30, 2026, disclosing a ¥632.1 billion impairment that produced a ¥564.6 billion net loss, the largest in the company's history.
- Audit firm PwC Japan gave the financial statements a no-opinion audit because it could not obtain sufficient audit evidence and said some employees who made false statements to auditors still hold roles in the financial reporting process.
- The write-down and audit outcome followed a third-party investigation that found ¥160.7 billion of profit overstatements from fiscal 2021 through parts of 2025 and had initially flagged about ¥250.0 billion of potential impairments in the automotive unit.
- Kishida Mitsuya resigned as CEO on September 29 over responsibility for the unexpected scale of the losses and Rifu Kaida was promoted from executive vice president to president the same day, a leadership change that faces scrutiny from investors and regulators.
- Tokyo Stock Exchange has labeled Nidec a special-attention stock and regulators will now weigh whether the company’s governance fixes, further audit work, and disclosures are enough to preserve its listing, a decision that could affect shareholders, suppliers, and employees.