NIDEC, based in Kyoto, reported a ¥632.1 billion loss and a ¥564.6 billion net loss for the fiscal year ending March 2026. Accounting misconduct and quality-control issues have been identified as problems.
NIDEC, a major motor manufacturer headquartered in Kyoto City, reportedly incurred a massive loss in its financial results for the fiscal year ending March 2026. In connection with the release of its financial results, multiple issues, including accounting misconduct and quality-control problems, were identified. The company’s financial position is said to have deteriorated significantly as a result.
The total loss incurred was ¥632.1 billion, while the final net loss was reportedly ¥564.6 billion. The financial results were said to include improper accounting procedures and product quality-control issues, which could affect the company’s assessment going forward.