Nidec Says Cumulative Improper Accounting Impact Is ¥166.4b

Nidec says the cumulative impact of improper accounting, reflected in revised financial statements over several years, is 166.4b yen on operating profit.

• Doesn’t indicate when will release financial results for year ended March 2026
• Goodwill, fixed asset amount subject to impairment review remains at ~250b yen
• Company to decide on any legal action based on executive responsibility panel’s probe
• Releases final version of third-party investigation’s report
  • Founder Shigenobu Nagamori bears greatest responsibility for issues but whether he disposes or reduces stake in Nidec is his own decision, panel says
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