Nidec (TYO:6594) will divest underperforming units like home appliances and automotive motors and redirect funds to AI, semiconductors, and energy, Bloomberg News reported on Thursday, citing chief technology officer Michio Kaida.

The move follows an accounting scandal that erased roughly one-third of the company's market value and involved over 1.1 trillion yen in writedowns and charges, the news wire said.

Newly appointed Kaida, who replaced Mitsuya Kishida in a contentious leadership transition, said restoring the company's foundational identity is the top priority, the publication said.

Kaida outlined plans to pursue growth in data center equipment, power generation, and energy storage, emphasizing the concentration of resources and management attention on these key areas, the report said.

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