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Nidec shares plunge amid reports of 1 trillion yen impairment and leadership changes
Nidec shares dropped over 17% on the Tokyo Stock Exchange following reports that the Japanese motor manufacturer is facing a massive 1 trillion yen impairment charge and potential leadership changes.
Reports from Diamond Online indicate that Nidec's board of directors resolved to dismiss President Mitsuya Kishida during an extraordinary meeting on September 25. The move is reportedly linked to accounting irregularities and the massive scale of the anticipated asset impairment for the fiscal year ending March 2026. This figure is significantly higher than the 400 billion yen previously estimated by the company.
In an official statement, Nidec confirmed it is currently evaluating executive leadership changes and a large-scale impairment process, though it maintained that no final decisions have been officially made at this time. The company stated it will announce any relevant decisions without delay once they are effective.
Entities
Diamond Online · Mitsuya Kishida · Nidec · Shigenobu Nagamori · Tokyo Stock Exchange
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Nidec's stock price fell by 17.61% on the Tokyo Stock Exchange, closing at 2,340 yen. diariofinanciero.com
- [● 2 SOURCES] Nidec's board of directors resolved to dismiss President Mitsuya Kishida during an extraordinary meeting on September 25. eetimes.itmedia.co.jp · finance.technews.tw
- [● 2 SOURCES] Nidec plans to record an impairment loss of approximately 1 trillion yen for the fiscal year ending March 2026. eetimes.itmedia.co.jp · finance.technews.tw
- [○ 1 SOURCE] The reported 1 trillion yen impairment would be significantly higher than the 400 billion yen previously anticipated by the company. diariofinanciero.com
- [● 4 SOURCES] Nidec is currently evaluating executive leadership changes and a significant asset impairment. diariofinanciero.com · eetimes.itmedia.co.jp · finance.technews.tw · www.kyoto-np.co.jp