Nidec President Mitsuya Kishida (岸田 光哉) announced his resignation. Kaida (戒田氏) is expected to become the new president and executive officer, and to assume the position of Representative Director, President and Executive Officer following the extraordinary general meeting of shareholders. The company also announced a postponement of the disclosure of its financial results report.
Nidec President Mitsuya Kishida (岸田 光哉) is reported to have announced his intention to resign. Under the future management structure, Kaida (戒田氏) is expected to serve concurrently as CEO and CTO in the role of new president and executive officer, while the formal handover of the presidency is expected to be decided by the board of directors following the extraordinary general meeting of shareholders.
Kaida (戒田氏) is being evaluated for a track record of involvement in the company's recovery and the leadership to pursue reforms after gaining an understanding of the difficult management environment. Kaida (戒田氏) is not currently a director and is scheduled to be elected Representative Director, President and Executive Officer following the extraordinary general meeting. In connection with this, Minai (南井氏) serves as the current representative director.
Nidec announced that it will disclose the financial results report for the third quarter and full fiscal year ending March 2026, which had been postponed, on 30 September 2026. The change to the disclosure schedule will be announced around the same time as these personnel changes.
These personnel and financial disclosure developments are viewed as part of the policy to advance the company's recovery. Progress on the applicable conditions and formal personnel decisions will depend on the outcome of the extraordinary general meeting of shareholders.