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.
Nidec (NJDCY) has published an English translation of the digest of its Executive Responsibility Investigation Committee’s investigation report. The translation was completed on October 23, 2026. The company had announced disclosure of the investigation report on October 20, 2026.
Summary not available.
Nidec (NJDCY) received audit reports that provide no opinion on its annual financial statements or internal controls.
PricewaterhouseCoopers Japan issued disclaimers of opinion on the consolidated and non-consolidated financial statements for the fiscal year ended March 31, 2026, and on internal controls as of that date. A disclaimer means the auditor does not express an opinion. For the consolidated statements, the auditor could not obtain sufficient appropriate audit evidence, citing the significance of potential effects of matters underlying the disclaimer. Nidec also announced a disclaimer of review conclusion for Q3 financial results.
Nidec (NJDCY) reported higher annual sales but an operating loss for the fiscal year ended March 31, 2026. Net sales rose 3.9% to ¥2,708,705 million. The operating loss was ¥518,978 million, versus a restated ¥128,222 million profit a year earlier. Loss attributable to owners of the parent was ¥564,624 million, versus a restated ¥84,672 million profit; basic loss per share was ¥492.55, versus earnings of ¥73.69.
Large impairment losses, which reduce recorded asset values, drove the operating loss. These included ¥298.8 billion at ACIM, ¥116.3 billion at NPe and ¥73.1 billion at NMOJ. Nidec attributed MOEN's performance to alternators supported by North American data-center demand. For the three months ended March 31, 2026, sales rose 8.5% to ¥722,348 million, while the operating loss widened to ¥634,713 million from a restated ¥34,117 million.
Nidec (NJDCY) reported an 80.6% year-over-year decline in profit attributable to parent owners for its fiscal third quarter. For the three months ended December 31, 2025, sales rose 4.8% to ¥681,459 million, while operating profit fell 30.9% to ¥28,427 million. Operating margin fell to 4.2% from 6.3%. Profit before income taxes declined 36.7% to ¥42,135 million; profit attributable to parent owners was ¥9,722 million. Basic earnings per share fell to ¥8.48 from ¥43.57.
For the nine months ended December 31, 2025, sales increased 2.4% to ¥1,986,357 million. Operating profit declined 28.7% to ¥115,735 million, and operating margin fell to 5.8% from 8.4%. Profit before income taxes fell 17.6% to ¥137,436 million. Profit attributable to parent owners declined 69.3% to ¥39,117 million, with basic earnings per share of ¥34.13 versus ¥110.85. Results use IFRS, international accounting standards; 2024 comparisons are restated.
Nidec (NJDCY) recorded ¥330.9 billion in extraordinary losses in its non-consolidated financial results for the fiscal year ended March 31, 2026.
Extraordinary gains totaled ¥54.3 billion. Losses included ¥183.5 billion from valuing shares of affiliated companies, ¥56.3 billion from extinguishing tie-in shares and ¥30.5 billion in special investigations and related expenses. Gains came from reversals of allowances for affiliate doubtful accounts, debt guarantees and affiliate business losses.
The investigation expenses were reflected in consolidated results. Specified affiliate-related losses and allowance reversals were eliminated on consolidation and had no impact on consolidated results.
Nidec (NJDCY) completed submission of its annual securities report for the fiscal year ended March 31, 2026 to the Kanto Local Finance Bureau.
The report was submitted on September 30, 2026, the extended deadline approved by the bureau and announced on June 30, 2026. Nidec also disclosed its previously postponed financial statements for the nine months ended December 31, 2025 and the fiscal year ended March 31, 2026. The company apologized to shareholders, investors and other stakeholders for the inconvenience and concern.
Nidec (NJDCY) recorded additional asset impairment losses totaling ¥632,135 million, alongside contract-loss provisions, supplier settlement liabilities and investigation-related expenses.
The asset write-downs followed an assessment of future recoverability, including goodwill. Nidec also recorded ¥22,496 million in contract-loss provisions in its automotive segment, a ¥4,207 million supplier indemnification liability in MOEN, and ¥30,522 million in special investigation and related expenses as extraordinary losses.
These amounts are reflected in the annual securities report and consolidated IFRS financial statements for the year ended March 31, 2026.
Nidec (NJDCY) disclosed that past dividends and share repurchases exceeded distributable amounts following retrospective corrections to prior financial statements.
The company submitted its annual securities report for the year ended March 31, 2026. The affected payments cover fiscal years ended March 2022 through March 2026. The disclosed figures represent total payments, not the excess amounts, measured against distributable amounts under Japanese corporate accounting rules.
Nidec (NJDCY) announced Mitsuya Kishida’s resignation as representative director and president chief executive officer, effective September 29, 2026.
At an extraordinary meeting that day, the board resolved to appoint a new president and a new representative director, and to nominate a candidate for director.