Overview
- Nidec said an internal review found more than 1,000 potential improper acts, a sweep that began with a companywide quality check in January.
- Most cases involved changing materials, steps, or designs without customer approval, with some mishandling of test data and mislabeling of factory locations.
- The company identified its home appliance, auto, and IT units as the most affected areas.
- Executives said no issues have been found that would immediately affect product function or safety, and an outside expert panel will report by the end of August.
- Shares in Tokyo fell as much as 18% after the disclosure as the CEO apologized, while prior accounting violations and media estimates of large write-downs weighed on trust.