Welcome to our dedicated page for Nidec news (Ticker: NJDCY), a resource for investors and traders seeking the latest updates and insights on Nidec stock.
Nidec Corporation (OTC US: NJDCY; Tokyo: 6594) generates frequent disclosures that are highly relevant for investors following manufacturing and optical instrument and lens manufacturing companies. This news page compiles Nidec‑related announcements, focusing on financial reporting, governance developments, and capital structure decisions that shape the company’s risk profile and outlook.
Recent Nidec news has centered on IFRS‑based financial results for quarterly and semi‑annual periods, detailing changes in net sales, operating profit, and segment performance across its Automotive products, Appliance, Commercial and Industrial products, and Machinery businesses. The company has highlighted the impact of provisions for loss on contracts, impairment losses on non‑financial assets, and liabilities arising from settlements with suppliers, which have significantly affected profitability and created differences between preliminary and final performance figures.
Another major theme in Nidec’s news flow is accounting and governance issues. The company has announced investigations by a Third‑Party Committee into suspected improper or inappropriate accounting, and has reported that its auditor, PricewaterhouseCoopers Japan LLC, issued interim review reports containing disclaimers of conclusion on certain condensed quarterly and interim consolidated financial statements. Nidec has also disclosed that the Tokyo Stock Exchange designated its shares as a Security on Special Alert due to concerns about its internal management system.
Additional announcements cover dividend and forecast revisions, including the decision not to pay an interim dividend and to leave certain year‑end dividend and consolidated forecast figures undetermined, as well as financing measures such as a commitment line agreement with major creditor banks. Governance‑related news includes changes in the role of the company’s founder, who moved from Founder and Chairman of the Board to Chairman Emeritus, and the succession of the Chairman of the Board role by the Representative Director, President and Chief Executive Officer.
By reviewing this news feed, readers can track how Nidec communicates about its financial performance, accounting investigations, internal control improvements, funding arrangements, and board‑level changes over time.
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Nidec Corporation (NJDCY) has submitted its securities report and internal control report for FY2025 amid ongoing investigations into multiple accounting irregularities. The company disclosed several concerning issues, including improper accounting suspicions, customs value underreporting at Nidec Elesys, export registration violations at a Swiss subsidiary, and potential tax underreporting at a Chinese subsidiary.
The independent auditor issued a disclaimer of opinion on both the financial statements and internal control audit report, citing insufficient audit evidence due to ongoing investigations. Nidec acknowledged material weaknesses in internal controls, particularly regarding information communication and risk management systems.
Nidec Corporation (NJDCY) has released preliminary performance figures for Q1 FY2026 (April-June 2025), showing mixed results. The company reported net sales of ¥637,899 million, down 1.6% year-over-year, while operating profit increased 2.3% to ¥61,450 million.
However, profit before income taxes declined significantly by 24.8% to ¥58,951 million, and profit attributable to owners decreased by 18.7% to ¥45,515 million. The company noted these figures are preliminary and may be revised pending ongoing investigations regarding trade transaction and tariff issues at consolidated subsidiaries.
Nidec Corporation (OTC:NJDCY) has announced a delay in disclosing its financial results for Q1 FY2026. The delay is attributed to ongoing additional investigations regarding trade transactions and customs issues at one of its consolidated subsidiaries.
The company is still finalizing its consolidated financial statements for FY2025 and has received approval to extend the deadline for submitting its annual securities report to September 26, 2025. The new disclosure date for Q1 FY2026 results will be announced once determined.
Nidec Corporation (OTC US: NJDCY) has completed the acquisition of Changzhou Xecom Energy Technologies Co., Ltd., a Chinese scroll compressor manufacturer, through its subsidiary Nidec Appliance Controls. The acquired company has been renamed to Nidec Scroll Technology (Changzhou) Co., Ltd.
Xecom, founded in 2021, specializes in designing and producing high-performance scroll compressors for air conditioning, heat pump, and refrigeration applications. The company generated sales of 123 million RMB (approximately $17 million USD) in 2024 and employs about 75 people.
This strategic acquisition aligns with Nidec's growth strategy in appliance, commercial, and industrial motors businesses, following previous acquisitions of Sole Motors (2010) and Embraco (2019). The transaction is not expected to significantly impact Nidec's consolidated financial performance for the fiscal year ending March 31, 2026.
Nidec Corporation (OTC:NJDCY) has received approval to extend the deadline for submitting its securities report for the 52nd fiscal year ended March 31, 2025. The original deadline of June 30, 2025 has been extended to September 26, 2025. The company plans to complete the submission following audits by the accounting auditor within the new deadline.
Nidec Corporation (OTC:NJDCY) has announced it will seek approval to extend the deadline for submitting its 52nd fiscal year securities report from June 30, 2025, to September 26, 2025. This extension is necessitated by ongoing investigations into customs violations at its Italian subsidiary, NIDEC FIR INTERNATIONAL S.R.L.
The investigation revealed that between April 2018 and September 2023, FIR incorrectly declared Italy as the country of origin for oven motors shipped to the US, despite using Chinese-made parts, thereby avoiding required tariffs. An external investigation discovered similar issues with other FIR motors. The company has halted US shipments unless declared as Chinese-origin and requires additional internal investigations to assess the full impact on consolidated financial statements and internal controls.