Source disclosure: February 26, 2026, 15:30 JST
NIDEC CORPORATION [6594.T]
TOKYO, Feb 26 (Pulse News Wire) – NIDEC CORPORATION (6594.T) announced today that its founder, Shigenobu Nagamori, has resigned his position as honorary chairman effective immediately. In a message to stakeholders, Nagamori acknowledged the recent controversy surrounding the company's accounting irregularities and expressed his determination to step aside fully to allow the next generation to lead Nidec towards regeneration and recovery.
"I am stepping down with a strong resolve to pave the way for Nidec’s rebirth," said Nagamori. "This decision marks the end of my chapter as an executive but also the beginning of a new phase focused on nurturing talent." Nagamori, who turned 81 this year, emphasized his unwavering belief in Nidec's potential to overcome current challenges and emerge as a trustworthy global enterprise once again.
He urged stakeholders to continue supporting the rejuvenated Nidec moving forward. In his farewell statement, Nagamori reflected on five decades of leadership, expressing deep regret for past issues and reaffirming his commitment to seeing Nidec regain its former glory through the efforts of its future leaders.
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