Nidec Misses Target for Amended Financial Reports
Japanese manufacturer Nidec missed its target to file amended financial reports with an auditor opinion due to ongoing checks. The company plans to submit an internal controls report to the Tokyo Stock Exchange.
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NIDEC CORP missed its filing target for amended financial reports in Japan, extending an accounting crisis that threatens its stock exchange listing. The electric motor maker failed to secure an auditor's opinion by October 28 due to ongoing staff checks. The delay leaves the company's Tokyo Stock Exchange listing at risk following revelations of improper accounting practices.
