Source disclosure: January 28, 2026
NIDEC CORPORATION [6594.T]
TOKYO, Jan 28 (Pulse News Wire) – NIDEC CORPORATION (6594.T) reported today on its improvement plan aimed at addressing governance issues highlighted by the Tokyo Stock Exchange's special attention designation on October 28, 2025. The company submitted the plan to the exchange but noted ongoing investigations by external experts and a third-party committee established on September 3, 2025, which could lead to further revisions.
In addition, KPMG AZSA LLC did not issue conclusions on the interim condensed consolidated financial statements for the quarter ending June 30, 2025, due to insufficient evidence and concerns over potential significant misstatements affecting the overall financial position. Similarly, the firm also withheld conclusions on the half-yearly condensed consolidated financial statements for the period ending September 30, 2025.
To address these challenges, Nidec outlined several measures, including redefining mid-term planning processes, enhancing team-based review mechanisms, and improving performance evaluation criteria. Key initiatives involve shifting focus from short-term profit targets to more balanced metrics encompassing cash flow and balance sheet health.
Implementation timelines range from March to July 2026, with continuous monitoring and adjustments planned throughout the process.
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