Nidec shares came under heavy selling pressure, falling ¥255 from the previous day to ¥2,100. Following the earnings announcement, concern about a potential delisting increased after the audit firm declined to express an opinion on the financial statements.
In Tokyo trading on 1 October, Nidec shares fell sharply to ¥2,100, down ¥255 from the previous day. One cited reason was that the audit firm declined to express an opinion on the financial statements in connection with the earnings the company released the previous day.
The lack of an opinion became a concern regarding a possible delisting, and investors reportedly accelerated their selling. The share price has remained sharply lower.