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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) announced the launch of the Culture Transformation Lab, effective February 1, 2026, to drive group-wide cultural reform and improve transparent communication.
The Lab, born from employee input and the Corporate Reform Committee, will build mechanisms to capture employee voices, track actions, and sustain ethical, transparent dialogue across the Nidec Group.
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Nidec (OTC:NJDCY) submitted an Improvement Plan to the Tokyo Stock Exchange on January 28, 2026 to address weaknesses in its internal management and governance.
The plan was prepared from an internal review by the Corporate Reform Committee (established October 30, 2025) and will be re-examined after receipt of ongoing third-party and external investigation reports. The company commits to implement governance, organizational culture and internal control reforms and to monitor progress continuously.
Nidec (OTC: NJDCY) announced that on December 22, 2025 Founder and Chairman of the Board Shigenobu Nagamori voluntarily resigned from his role as Founder and Chairman and will assume the title Chairman Emeritus (non-fulltime).
Following the resignation, Mitsuya Kishida, who serves as Representative Director, President and Chief Executive Officer, will succeed to the office of Chairman of the Board. The company said Mr. Nagamori will remain involved by passing on his founder spirit to future generations.
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Nidec (OTC:NJDCY) received an interim review report dated November 14, 2025 from PricewaterhouseCoopers Japan LLC containing a disclaimer of conclusion on its condensed quarterly consolidated financial statements for the three months ended June 30, 2025.
The auditor stated it does not express a conclusion on whether the condensed quarterly consolidated financial statements present fairly, in all material respects, under the Tokyo Stock Exchange Standards for Preparation of Quarterly Financial Statements, citing matters described in the report's "Basis for Disclaimer of Conclusion." The company said it takes the matter seriously, will take appropriate actions, and apologized to shareholders and stakeholders.
Full interim review report: https://nidec.g.kuroco-img.app/v=1763103972/files/topics/18938_ext_2_en_0.pdf
Nidec (OTC: NJDCY) announced a policy to develop an improvement plan after the Tokyo Stock Exchange designated its shares as Security on Special Alert, effective October 28, 2025.
The exchange said the company's internal management system is in high need of improvement and will assess those systems. To lift the special-alert designation, the company will prepare and submit a plan and has set a policy for how that plan will be developed and filed.
Summary not available.
Nidec (OTC:NJDCY) received an interim review report from PricewaterhouseCoopers Japan LLC that contains a disclaimer of conclusion on the condensed interim consolidated financial statements for the six months ended September 30, 2025. The auditor stated they do not express a conclusion on whether the interim financial statements present fairly the company's financial position and results for the period, citing significant possible effects described in the report's "Basis for Disclaimer of Conclusion."
The company received the report on November 14, 2025, said it will take appropriate actions, and apologized to shareholders and stakeholders for the inconvenience and concern.