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flag Nidec Corp. shares plummeted 19% after a Tokyo Stock Exchange alert over accounting issues, triggering investigations and removal from the Nikkei 225.

flag Nidec Corp. shares dropped 19% amid a Tokyo Stock Exchange special alert over suspected accounting irregularities, including potential improper asset write-downs, prompting a third-party investigation and withdrawal of earnings forecasts, dividend, and buyback plans. flag The company faces possible delisting if internal controls aren’t improved within a year and will be removed from the Nikkei 225 on November 5. flag The move follows PwC Japan’s refusal to issue a financial opinion due to insufficient audit evidence, stemming from ongoing probes into subsidiaries in China and Italy.

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