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Nidec's profit more than doubled, but it missed forecasts, withdrew its 2026 outlook, and suspended dividends amid an accounting probe tied to a Chinese unit.
Nidec Corp. reported a more than doubling of second-quarter net profit to 40.57 billion yen, though it missed analysts' expectations.
The company withdrew its full-year 2026 profit forecast and suspended its dividend amid an ongoing investigation into suspected accounting irregularities, primarily linked to a Chinese subsidiary.
A third-party committee is probing potential improper practices, including arbitrary asset write-downs, prompting the Tokyo Stock Exchange to place Nidec on special alert with a one-year deadline to improve internal controls or risk delisting.
The company revised its first-quarter loss to 26.4 billion yen from a prior profit and confirmed PwC Japan will not audit its first-half results.
Nidec’s shares are down 21% year to date, and it was removed from the Nikkei 225 index, triggering forced selling.
A draft improvement plan is expected by mid-December.
Las ganancias de Nidec más que se duplicaron, pero no cumplieron con las previsiones, retiraron sus perspectivas para 2026 y suspendieron los dividendos en medio de una investigación contable vinculada a una unidad china.