Short seller Carson Block (カルソン・ブロック氏) pointed to accounting concerns at Nidec and said that corporate reform in Japan remains insufficient. In an interview with Bloomberg, he again emphasised the need for greater transparency.
Concerns over Nidec’s accounting have resurfaced, with allegations of accounting irregularities reportedly having been raised for more than 10 years. Short seller Carson Block (カルソン・ブロック氏) said the company’s problems highlight the fact that reform across Japanese companies has not progressed sufficiently.
In an interview with Bloomberg, Block said that Japan’s market has “many companies with problems, and accountability has not been sufficiently demanded.” He also said there was “serious dysfunction” and expressed the view that greater transparency was needed through scrutiny by short-selling activists and the media.
This article was reported with Google.com as its supporting source and discusses the challenges facing corporate reform in Japan as background to the debate surrounding Nidec.