Nidec held a board meeting and placed a change in the presidency from Kishida Mitsuya (岸田光哉) on the agenda. Impairment losses to be recognized in the financial results are expected to expand significantly beyond assumptions, and a new top executive appointment is expected to be announced in the afternoon.
Nidec, a major motor manufacturer, said on the 29th that it had held a board meeting and planned to discuss changing its president from Kishida Mitsuya (岸田光哉). The article contains no wording indicating a formal decision to change the president, and reports only that discussions took place.
Regarding the outlook for impairment losses to be announced that day, the explanation stated that a review of internal circumstances and the accounting fraud issue were having an impact, and that the amount to be recognized in the financial results for the fiscal year ending March 2026 was expected to reach several hundred billion yen.
A new top executive appointment is also expected to be announced that afternoon, with the company reportedly moving toward clarifying where management responsibility lies.