Nidec Targets October Audit to Restore Trust
Nidecs new chief executive apologized for recent leadership turmoil and pledged to rebuild the company. Executives aim to secure an audit opinion by October after reporting massive impairment losses.
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Nidec aims to secure an October audit sign-off after reporting 630 billion yen ($4 billion) in impairment losses for the financial year ended March 2026. The new chief executive apologised on Thursday following leadership turbulence driven by an accounting scandal. The turmoil led Japan's exchange to place the electric motor maker on special alert over internal controls.
