Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag 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.

flag Nidec Corp. reported a more than doubling of second-quarter net profit to 40.57 billion yen, though it missed analysts' expectations. flag 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. flag 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. flag 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. flag Nidec’s shares are down 21% year to date, and it was removed from the Nikkei 225 index, triggering forced selling. flag A draft improvement plan is expected by mid-December.

5 Articles