Overview
- Nidec said on Wednesday that it has not yet obtained a clean audit opinion for its fiscal year to March 2026 because the external auditor issued a “no opinion” and asked for further testing.
- The auditor’s request has led Nidec to carry out additional document and transaction checks that the company says are taking more time than expected to complete.
- Nidec plans to submit an internal-control confirmation letter to the Tokyo Stock Exchange on October 30 even though the securities report remains without the auditor’s clean opinion.
- Analysts and reports warn that a securities report left with a “no opinion” could make it hard for Nidec to keep its listing, and the company faces parallel governance and legal fallout from earlier findings that named past executives.
- Investors, employees and business partners should watch for the auditor’s eventual judgment and the Exchange’s listing review because those decisions will affect Nidec’s market access, leadership accountability and legal exposure.