Who is moving to which position
Resolved 29 September 2026Incoming appointee
2 itemsDeparting officer
1 itemBecause, following discussions by the Board of Directors in light of the confirmation that there had been conduct that could not necessarily be regarded as appropriate in relation to financial reporting and that a higher level of ethical standards was expected under the new governance structure, Kishida Mitsuya (岸田 光哉) indicated his intention to resign and the Board of Directors accepted his resignation
Following discussions by the Board of Directors regarding the future management structure, Kishida Mitsuya's (岸田 光哉) intention to resign was accepted, and a new President and Representative Director were selected
Because, in addition to Kaida Michio's (戒田 理夫) track record of working to revitalize the company as Vice Chair of the Nidec Revitalization Committee, the company comprehensively evaluated his leadership in accurately assessing the current challenging business environment and forcefully driving reforms, as well as his sincere and serious approach to engaging with stakeholders, and determined that he was the most suitable person to genuinely lead the company's future revitalization
| Item | Details |
|---|---|
| Resolution date | 29 September 2026 |
| Scheduled Appointment Date | 29 September 2026. Kaida Michio's (戒田 理夫) appointment as Representative Director is scheduled to be decided by resolution at the extraordinary general meeting of shareholders and by the Board of Directors following that meeting. |
| Date of departure | 29 September 2026 |
| Name of appointee | Kaida Michio (戒田 理夫), Minamii Masayuki (南井 正之) |
| Appointee's new position | President and Executive Officer (Chief Executive Officer and Chief Technology Officer), Representative Director and Senior Executive Officer (Chief Compliance Officer and Chief Human Resources Officer) |
| Appointee's previous position | Senior Managing Executive Officer (Chief Technology Officer), Director and Senior Executive Officer (Chief Compliance Officer and Chief Human Resources Officer) |
| Appointee's date of birth | 15 September 1956, 25 March 1969 |
| Year the appointee joined the Company | 1979, 2025 |
| Number of shares held by the appointee | 102,718 shares (as of 31 August 2026), 528 shares (as of 31 August 2026) |
| Name of departing officer | Kishida Mitsuya (岸田 光哉) |
| Former position of departing officer | Representative Director, President and Executive Officer (Chief Executive Officer) |
| Reason for departure | Because, following discussions by the Board of Directors in light of the confirmation that there had been conduct that could not necessarily be regarded as appropriate in relation to financial reporting and that a higher level of ethical standards was expected under the new governance structure, Kishida Mitsuya (岸田 光哉) indicated his intention to resign and the Board of Directors accepted his resignation |
| Reason for change | Following discussions by the Board of Directors regarding the future management structure, Kishida Mitsuya's (岸田 光哉) intention to resign was accepted, and a new President and Representative Director were selected |
| Reasons for appointment | Because, in addition to Kaida Michio's (戒田 理夫) track record of working to revitalize the company as Vice Chair of the Nidec Revitalization Committee, the company comprehensively evaluated his leadership in accurately assessing the current challenging business environment and forcefully driving reforms, as well as his sincere and serious approach to engaging with stakeholders, and determined that he was the most suitable person to genuinely lead the company's future revitalization |
| Subject to Approval by the General Meeting of Shareholders | Required. The proposal is a proposal concerning the selection of candidates for Director, and the scheduled date of the extraordinary general meeting of shareholders is Not disclosed |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company states that Kishida Mitsuya (岸田 光哉) indicated his intention to resign after it was confirmed that he had engaged in conduct that could not necessarily be regarded as appropriate in relation to financial reporting, and in light of the higher level of ethical standards required under the new governance structure, and that the Board of Directors accepted his resignation. The company also states that it evaluated Kaida Michio (戒田 理夫) based on his track record as Vice Chair of the Nidec Revitalization Committee, his leadership in driving reforms, and his sincere approach to engaging with stakeholders.