(Jan 28): Nidec Corp delayed the release of its quarterly results and pledged to overhaul the company’s growth-at-all-costs culture in the wake of an accounting scandal that’s seen its debt rating cut to junk and put it at risk of delisting. The company said on Wednesday it hasn’t determined when it will release third-quarter (3Q) results and it’s also unclear if past accounts will need to be corrected. Details of that pressure-cooker culture were revealed in an almost 80-page document also released on Wednesday and submitted to the Tokyo Stock Exchange to address their concerns about Nidec’s management. “We recognised that these issues are not isolated incidents but are vital themes across the entire Nidec Group,” the company said. The crisis has also seen the Tokyo Stock Exchange warn that it may delist Nidec if the company can’t show that it’s improved its internal management system.

Source: The Edge Markets January 28, 2026 10:45 UTC