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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 (NJDCY) has disclosed an Investigation Committee report and outlined its responses, following group-wide quality inspections launched in January 2026 as part of ongoing corporate reform.
The company describes structural issues in management systems, quality-risk oversight, and corporate culture, and plans broad cultural, system, and process reforms. Measures include reinforcing the authority of quality assurance managers to suspend shipments, continuous quality audits by the Global Quality Management Division, revised reporting lines, and permanent opinion collection boxes. Nidec states that, based on current evaluations, no issues with material impact on past consolidated financial statements have been found, but it plans to correct past securities reports and submit its report for the fiscal year ended March 2026 as soon as possible. Disciplinary actions are planned once facts are finalized.
Nidec (OTC US: NJDCY) announced that it has received the report from the external Investigation Committee established in May 2026 to review potential quality issues. The company plans to publish the report, after confidentiality measures, and its recurrence-prevention measures on its website on September 4, 2026. Nidec states it will conduct a company-wide review of its quality assurance system and enhance compliance awareness.
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Nidec (OTC US: NJDCY) reports results of an external forensic investigation into the June 24, 2026 ransomware attack on its Taiwanese subsidiary, Nidec Chaun Choung Technology. The probe has found no explicit evidence of data exfiltration, but some folder and file names from the affected server were confirmed published on the attacker’s dark web site, so the company cannot rule out a possible information leak.
According to Nidec, the incident has caused no material impact on production, shipping, or other business activities at the subsidiary, which continues operating normally. Only a minute impact is currently expected on consolidated performance, and Nidec plans prompt disclosure if any material effect emerges.
Nidec (OTC US:NJDCY) received regulatory approval to extend the filing deadline for its 53rd fiscal year annual securities report (April 1, 2025–March 31, 2026). The deadline moves from June 30, 2026 to September 30, 2026. Nidec plans to file by the new deadline following the accounting auditor’s audit.
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Nidec (OTC US: NJDCY) announced the board and committee structure of “New Nidec” following its 53rd Annual General Meeting on June 18, 2026. All company-proposed director candidates were elected. Mitsuya Kishida serves as Representative Director, President and CEO, while Soichiro Sakuma is Chair of the Board.
Key committees include the Audit and Supervisory Committee, Nomination Committee, Remuneration Committee and Sustainability Committee, each chaired by an outside independent director. Memberships combine outside independent directors and senior executives, including full-time Audit and Supervisory Committee members.