TOKYO, Apr 27 (Pulse News Wire) – NIDEC CORPORATION (6594.T) announced today the submission of a revised improvement plan to the Tokyo Stock Exchange. The revision follows adjustments made based on reports received from an independent committee and internal investigations conducted since January 28, April 27, 2026.
The revised plan reflects progress made towards addressing issues identified in previous reports, including improper accounting practices and governance weaknesses. Key areas of focus include enhancing internal controls, improving corporate governance, and fostering a positive organizational culture. The company committed to continuously monitoring its implementation efforts and requested ongoing support from stakeholders.
In addition, the company disclosed significant impacts on its consolidated financial statements from 2019 to 2025 due to various factors such as inventory valuation discrepancies and asset impairment issues. The cumulative impact on net assets as of the end of the first quarter of fiscal year 2025 amounted to ¥473 million. Nidec also highlighted ongoing reviews by external auditors who concluded that interim quarterly financial statements might require revisions pending further investigation results.
The company emphasized that it remains dedicated to transparency and continuous improvement to regain investor confidence.
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