The president abruptly dismissed, rejected by the audit firm as “untrustworthy”… The full story of Nidec’s internal collapse that led to a ¥630 billion loss and the “risk of delisting”

Nidec reportedly dismissed its president abruptly, while the audit firm rejected the company over concerns about its credibility. The full picture of the internal collapse facing the company, including the risk of delisting after it posted a ¥630 billion loss, is emerging.

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The story

The abrupt dismissal of the president caused major disruption to the company's management structure. The audit firm reportedly raised doubts about the credibility of the company internally, and this is said to have contributed to the dismissal.

According to reports, Nidec is said to have posted a loss of approximately ¥630 billion, and the financial deterioration is drawing market attention. The company is consequently being discussed as facing the risk of delisting.

At a glance

EventThe president was abruptly dismissed

BasisThe audit firm reportedly rejected the company, citing a lack of confidence in it

FinanceThe company is said to have posted a ¥630 billion loss

RiskThe company is reportedly facing the risk of delisting

InternalThe full picture of the company's internal collapse is emerging

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