Nidec Announces the Status of Efforts to Resolve the Disclaimer of Opinion

The planned restatements span fiscal 2026, fiscal 2025 and earlier periods, with audit procedures still incomplete.

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10/28/2026 - 05:45 AM EDT

KYOTO, Japan--(BUSINESS WIRE)-- On September 30, 2026, Nidec Corporation (TOKYO:6594; OTC US: NJDCY) (“Nidec” or the “Company”) filed the securities report for the fiscal year ended March 31, 2026, accompanied by an audit report containing a disclaimer of opinion on the consolidated financial statements and the non-consolidated financial statements (hereinafter referred to as the “consolidated financial statements, etc.”). The Company had been taking improvement measures for the matters that formed the grounds for the disclaimer of opinion and aimed to submit restated reports related to the securities report for the fiscal year ended March 31, 2026, the securities report for the fiscal year ended March 31, 2025 and prior periods, and quarterly reports, as well as amended financial results (hereinafter referred to as “restated reports, etc.”) by October 28, 2026, one year after the Tokyo Stock Exchange, Inc. (hereinafter referred to as the “TSE”) designated the Company’s securities as Securities on Special Alert. However, as of today, while the matters that had not been addressed as of September 30, 2026 have been addressed, the Company has not yet completed its response to the requests from the independent auditor in regard to the identification and evaluation of the officers and employees involved in the improper accounting practices, etc. and personnel remedial measures, as described below, and the auditing procedures by the independent auditor have not yet been completed. Therefore, we have not submitted the restated reports, etc. accompanied by the auditor’s reports containing the independent auditor’s opinion.

Prior to the submission of the Written Confirmation of Internal Management System, we would like to inform you of ongoing remedial efforts made since September 30, 2026 to address the matters that formed the grounds for the disclaimer of opinion, the Group’s response to the accounting closing and audits, the status of discussions with the independent auditor and the outlook for the submission of a restated report for the securities report for the fiscal year ended March 31, 2026 based on the above.

Moreover, the Company plans to submit a Written Confirmation of Internal Management System to the TSE on October 30, 2026.

Please see the full release:
https://www.nidec.com/files/user/www-nidec-com/corporate/news/2026/1028-01/261028-01en.pdf