Nidec: New President Kaida Masao (戒田理夫) Says at Inauguration Press Conference, “I Apologize That the Head of Management Has Changed Again”; Can the Company Restore Trust After Accounting Irregularities and Losses Exceeding ¥500 Billion? (1 October 2026) Conor Mcgregor (q71Bx9s6rz)

At his inauguration press conference, Nidec's new president Kaida Michio (戒田理夫) apologised for the company's top management having changed again. The company announced a policy aimed at restoring trust over the accounting misconduct issues and losses exceeding ¥500.0 billion.

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The story

At his inauguration press conference, new president Kaida Michio (戒田理夫) apologised for the situation in which the company's top management had changed again.

The company has reportedly faced accounting misconduct issues in the past, and its losses are said to have exceeded ¥500.0 billion.

An accompanying company official reportedly indicated a policy for restoring trust.

At a glance

New president takes officeKaida Michio (戒田理夫) took office as the new president and apologised at his inauguration press conference for the change in the company's top management.

Accounting misconduct issuesThe company has reportedly faced accounting misconduct issues in the past.

Losses exceeding ¥500.0 billionThe loss is reportedly expected to exceed ¥500.0 billion.

Policy for restoring trustA policy aimed at restoring trust was announced.

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Nidec: New President Kaida Masao (戒田 理夫) Says at Inauguration Press Conference, “I Apologize That the Head of Management Has Changed Again”; Can the Company Restore Trust After Accounting Irregularities and Losses Exceeding ¥500 Billion? (1 October 2026) Conor Mcgregor (q71Bx9s6rz)

The story

Where this came from

Nidec: New President Kaida Masao (戒田理夫) Says at Inauguration Press Conference, “I Apologize That the Head of Management Has Changed Again”; Can the Company Restore Trust After Accounting Irregularities and Losses Exceeding ¥500 Billion? (1 October 2026) Conor Mcgregor (q71Bx9s6rz)