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Nidec Corporation reports governance, financial reporting and shareholder-related developments for its operating company and U.S. OTC ADR ticker, NJDCY. Recent company updates have centered on an improvement plan and status reports submitted to the Tokyo Stock Exchange, third-party and internal investigations into improper accounting, and corrective measures for the company’s internal management system.
News also addresses postponed financial-result disclosures, corrections to prior financial statements, board and nomination committee processes, shareholder requests involving director liability and related remedies, dividend determinations, and culture-transformation initiatives within the Nidec Group.
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Nidec (OTC:NJDCY) published a revised improvement plan and status report on April 27, 2026, reflecting findings from a third‑party committee and internal investigations.
The revised plan, which updates the January 28, 2026 submission, has been submitted to the Tokyo Stock Exchange and commits to governance, organizational culture reform, and continuous monitoring.
Nidec (OTC: NJDCY) announced on April 27, 2026 that the disclosure of its financial results for the fiscal year ended March 31, 2026 will be postponed.
The company said it received a Third-Party Committee final report and is preparing corrections to financial statements for fiscal year ended March 31, 2022 and subsequent years while completing fiscal 2026 statements; a new disclosure date will be announced once determined.
Nidec (OTC:NJDCY) received the Third-Party Committee’s investigation report supplement dated February 27, 2026, and disclosed an updated Investigation Report (Summary). The company is completing parallel internal probes into trade transaction and customs issues at NIDEC FIR INTERNATIONAL S.R.L. and will revise its Improvement Plan to the Tokyo Stock Exchange.
Governance changes include revised director appointment/dismissal criteria ahead of the June 2026 AGM and a reviewed Nomination Committee composition as of March 26, 2026.
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Nidec (OTC:NJDCY) will change its Nomination Committee composition and revise director appointment/dismissal policies to strengthen governance and objectivity.
Effective March 26, 2026 the CEO will be removed from the Nomination Committee; revised appointment criteria take effect April 1, 2026, emphasizing accounting expertise, ethics, and external candidate pools.
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