It was learned that major motor manufacturer Nidec is considering changes to its officers, including President Kishida Mitsuya (岸田光哉), following accounting fraud and quality issues. Losses requiring adjustments and additional recognition are expected to increase, and impairment losses could reach approximately ¥1 trillion, according to reports.
It has become clear that Nidec is considering changes to its officers, including President Kishida Mitsuya (岸田光哉), following accounting fraud and quality issues. This was learned through interviews with people familiar with the matter.
Reports indicate that losses requiring additional recognition are growing as a result of adjustments related to the accounting fraud and quality issues, and that impairment losses could reach approximately ¥1 trillion. The specific amount will depend on future disclosures.
The report is based on accounts from people familiar with the matter, and formal announcements and further information are awaited.