Yomiuri: Japanese Motor Maker Nidec to Soon Submit Improvement Plan Over Improper Accounting Practices

Dow Jones

01/27

By Tomohiko Kanai

Yomiuri Shimbun Staff Writer

Japanese motor manufacturer Nidec Corp. is expected to submit an improvement plan as early as Wednesday to the Japan Exchange Group $(JPX)$ related to the discovery of inappropriate accounting practices, sources said.

The Tokyo Stock Exchange, a subsidiary of JPX, in October designated Nidec's stocks as a "security on special alert," requiring improvements to its internal management system. Nidec has been developing an improvement plan that includes measures to prevent recurrence in order to have this designation lifted.

At Nidec, suspicions of improper accounting practices have repeatedly surfaced since May. This culminated in the resignation of founder Shigenobu Nagamori as chairman of the board at the end of last year.

An investigation by a third-party committee established by the company is ongoing.

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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

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(END) Dow Jones Newswires

January 27, 2026 00:01 ET (05:01 GMT)

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Nidec has been developing an improvement plan that includes measures to prevent recurrence in order to have this designation lifted.At Nidec, suspicions of improper accounting practices have repeatedly surfaced since May. This culminated in the resignation of founder Shigenobu Nagamori as chairman of the board at the end of last year.An investigation by a third-party committee established by the company is ongoing.This article is from The Yomiuri Shimbun. 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Nidec has been developing an improvement plan that includes measures to prevent recurrence in order to have this designation lifted. \n\n\n  At Nidec, suspicions of improper accounting practices have repeatedly surfaced since May. This culminated in the resignation of founder Shigenobu Nagamori as chairman of the board at the end of last year. \n\n\n  An investigation by a third-party committee established by the company is ongoing. \n\n\n    ---- \n\n\n  This article is from The Yomiuri Shimbun. 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