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Nidec Reports a 632.1 Billion Yen Loss; President Resigns; Delisting in the Works. Media Outlets that Once Praised the "Nagamori Style" Are Now Doing a Complete Turnaround.
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Nidec Corporation (formerly Nidec), a major motor manufacturer shaken by accounting irregularities, held a press conference at its headquarters in Kyoto on October 1, 2026. The consolidated financial results for the fiscal year ending March 2026 showed a net loss of 564.6 billion yen. Impairment losses reached 632.1 billion yen, and it has been reported that cumulative losses due to the series of accounting irregularities are expected to exceed …
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