Following accounting irregularities and other issues, Nidec's president resigned and the management team changed. The company is considering selling Nidec Components, a subsidiary involved in electronic components, and is reportedly expected to record a substantial loss in its postponed earnings announcement.
On the 28th, Nidec's president resigned, and Managing Director Kaida Toshio (戒田理夫) became the new president. Following allegations of accounting irregularities, the company is working to rebuild its management structure.
The company was found to be considering the sale of Nidec Components, a subsidiary involved in electronic components. The restructuring of businesses handling components for industrial robots and sensors and switches for medical equipment is a key focus.
The postponed earnings announcement is scheduled for the 29th, and the company is reportedly expected to record a loss far exceeding the previously estimated maximum of ¥250 billion.