On the night of 29 September 2026, Nidec announced that President Mitsuya Kishida (岸田 光哉) had resigned and that Executive Vice President Michio Kaida (戒田 理夫) had been appointed president. The risk of massive impairment losses has emerged, and issues surrounding the assessment of former management were also mentioned.
On the night of 29 September 2026, Nidec announced that the presidency had changed from Mitsuya Kishida (岸田 光哉) to Executive Vice President Michio Kaida (戒田 理夫). The new management team regards Kaida (戒田 理夫), who came from an acquired company and delivered results there, as the person to drive fundamental reform.
The announcement came against the backdrop of an outlook that impairment losses could reach several hundred billion yen, indicating that serious financial challenges are being cited as one factor in management responsibility.
While founder Shigenobu Nagamori (永守 重信) is said to have held Kaida (戒田 理夫) in high regard, Kaida (戒田 理夫) will be tested on whether he can carry out reforms that move away from Nagamori's influence. Under the new management team, organizational reform and a change in management policy will be key focuses.
Going forward, attention will focus on further developments concerning the assessment of Kaida's appointment as president, the response to impairment risks, and issues surrounding the conduct of former management.