Komori
Occurring Fact6594NIDEC CORPORATIONElectrical Equipment and Precision Instruments

Notice Regarding the Publication of the Investigation Report and Our Response

The Company published an investigation report prepared by external experts and outlined its policy of reforming its quality assurance framework and corporate culture. The investigation identified 844 instances of improper quality-related conduct and 6 instances of improper conduct involving country-of-origin labeling and other matters.

Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
844
cases (improper quality-related conduct)
Wording
Conditional
How definitive the wording is.

No category-specific facts could be extracted from this document.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

It is reported that delays in developing management and quality assurance frameworks commensurate with the Company's rapid expansion, pressure to meet short-term performance targets and reduce costs, insufficient identification and monitoring of quality risks, and the lack of an independent checking function and necessary resources within the quality assurance division combined to create and entrench an “unhealthy state” in the organization that allowed improper conduct to occur.

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Notice Regarding the Publication of the Investigation Report and Our Response | NIDEC CORPORATION (6594) timely disclosure | Komori