Compliance issues relating to country-of-origin declarations, customs duties, export registration, and withholding income tax
First written in FY2025. 5 of 11 entries say "Worsened", first in FY2026-H1. Latest entry: 2026-09-30.
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- FY2026MaterialisedAnnual report
「For the period from 1 April 2021 to 30 September 2025, we made an additional tax payment of $6.8 million, or approximately ¥991 million, including interest, and received notice from US Customs and Border Protection on 2 December 2025 that its review of the voluntary disclosure had been completed.」
The tariff issues involving FIR and others resulted in additional tax payments. In addition, the company calculated and voluntarily disclosed additional customs duties of approximately ¥10.667 billion and approximately ¥2.502 billion for major US locations and other sites. - 2026-09-29Otherwww.nikkei.com
「The investigation into suspected accounting fraud, improper quality-related conduct and unpaid customs duties took time, delaying disclosure.」
It was reported that an investigation into unpaid tariffs was continuing and that the impact had delayed the disclosure of financial results. - FY2026-H1WorsenedAnnual report
「In the course of the internal investigation described in (1) above, a case was discovered at Nidec Elesys Corporation (now the Inverter Business Division of Nidec Corporation's Automotive Business Headquarters) in which, in prior-year export transactions to China, the declared customs value for a duty-free transaction involving used goods was suspected of having been reported below the proper amount without justifiable grounds.」
In addition to the issue concerning FIR's country-of-origin declarations, suspicions concerning exports to China, export registration by a Swiss subsidiary, and underreporting of withholding income tax by a Chinese subsidiary were identified, expanding the scope of the investigation. - FY2025MaterialisedAnnual report
「The company identified issues in trade transactions involving its consolidated subsidiary NIDEC FIR INTERNATIONAL S.R.L., which operates under the Home Appliance Industry Business Division of the Home Appliance and Automotive Business Headquarters, and commissioned an investigation by external experts with experience in international trade and customs law. The company identified the possibility that errors in country-of-origin declarations for motors manufactured by FIR had resulted in unpaid customs duties.」
The company identified suspected issues including unpaid customs duties resulting from errors in FIR's country-of-origin declarations, declared values in Nidec Elesys' exports to China, export registration by a Swiss subsidiary, and underreporting of withholding income tax by a Chinese subsidiary. Investigations, including those by external experts, remain ongoing.