TOKYO, Apr 17 (Pulse News Wire) – Nidec Corporation (6594.T) received the final report from an external committee investigating accounting irregularities. The report, along with supplementary documents, was released today.
The company plans to revise its improvement plan based on the findings and submit updated reports to the Tokyo Stock Exchange. According to the report, adjustments to past fiscal years' consolidated financial statements could impact revenue by up to ¥140 billion and net profit by ¥333 billion. Additional impairment losses related to goodwill and fixed assets, primarily linked to automotive operations, might also be necessary. Nidec is also addressing ongoing internal investigations into trade issues involving its Swiss subsidiary and improper tax declarations in US imports.
The company expects additional tariffs of approximately ¥1.8 billion due to incorrect import filings from April 1, 2021, to September 30, 2025. Further assessments covering October 1, 2025, to March 31, 2026, are pending. In addition, Nidec is reviewing personnel actions based on the committee's recommendations, including potential legal measures against former executives. Former Executive Vice President Valter Taranzano resigned on March 23, 2026, following his suspension on March 2, 2026.
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