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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 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.
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Nidec (OTC US:NJDCY, Tokyo:6594) announced that proxy advisor ISS recommends shareholders vote FOR all proposals at its 53rd Regular General Meeting on June 18, 2026.
Agenda items cover Articles amendments, election of 12 directors, and revisions to director remuneration supporting Nidec’s governance and revitalization initiatives.
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