While the initiative marks one step towards recovery since founder Shigenobu Nagamori stepped down from the board in December, a third-party probe into accounting issues is still underway and could reveal more details. Nagamori’s growth-at-all-costs approach is under scrutiny following a growing number of suspected cases of improper accounting, which have triggered filing delays, credit downgrades and the risk of delisting in Tokyo. Since June, Nidec repeatedly disclosed accounting issues that have spanned subsidiaries in Italy, Switzerland and China. The Tokyo Stock Exchange has put Nidec on notice for a potential delisting, unless it can erase concerns over corporate governance. A few months earlier, Nidec had launched a third-party committee to investigate the origin and breadth of the scandal.

Source: The Edge Markets January 26, 2026 05:22 UTC