Nidec Counts Major Loss in Its Balance
The world’s largest maker of precision motors, Nidec, announced on September 30 th that it recorded 564.6 billion yen of final deficit in its consolidated financial statements as of March 2026. The biggest deficit in the company’s history was caused by counting on 632.1 billion yen of impairment loss, which stemmed from revision of financial statement with a scandal on its management.The auditor of Nidec withheld its opinion to the securities report. Nidec faces a possibility of being delisted from the stock market in Tokyo. Nidec was found as making false report on its finance in 2025. After the third-party committee’s investigation, it was revealed that Nidec added 160.7 billion yen of fictitious net profit to its financial report between March 2021 and April to June 2025. Nidec was also involved in wrong management, which affects quality of its products. The company replaced parts of motors or changed process of production without noticing to it...