Nidec announced a net loss of ¥564.6 billion and held a press conference at its head office in Minami-ku, Kyoto, to announce the change in president and the new management structure. Reports from the site also indicated that accounting fraud and inappropriate conduct related to quality had come to light.
On 1 October 2026, Nidec disclosed that it had recorded a net loss of ¥564.6 billion. According to the company's explanation, a substantial loss related to prior-year financial results had been confirmed.
On the same day, it held a press conference at its head office in Minami-ku, Kyoto, to announce a new management structure along with the change in president. According to media reports, the press conference covered the company's future policies and an overhaul of its organizational structure.
Reports from on-site coverage indicated that accounting fraud and inappropriate conduct related to quality had come to light. Attention will focus on the status of future investigations and any additional disclosures.