Nidec filed its annual securities report for the fiscal year ending March 2026, and the auditor issued a disclaimer of opinion. Consolidated results for the period showed a net loss of ¥564.6 billion, marking a record loss.
Nidec filed its annual securities report for the fiscal year ending March 2026 with the Kanto Local Finance Bureau, and its auditor, PwC Japan, issued a disclaimer of opinion on the report. Consolidated results for fiscal 2024/25 were in the red, with issues identified in the financial reporting process.
Impairment losses of ¥231.0 billion were recorded for automotive products and ¥335.1 billion for home-appliance, commercial and industrial products, resulting in an operating loss of ¥518.9 billion. By contrast, the fiscal year ended March 2025 posted a profit of ¥128.2 billion.
PwC Japan cited the presence of officers and employees who had made false statements in the financial reporting process as the basis for its disclaimer, explaining that it was unable to obtain sufficient appropriate audit evidence. Three consecutive disclaimers are considered unusual for a major company.
The restated profit for the fiscal year ended March 2025 was ¥84.6 billion, and the latest disclaimer has brought the potential impact on future disclosures and litigation response into focus.