Company Reports

Nidec held a press conference following the replacement of its president amid improper accounting issues and the issuance of a disclaimer of opinion by its auditor on the fiscal 2025 (ended March 2026) consolidated financial statements and internal control audit report in its securities report.

Nidec is the world's leading manufacturer of electric motors, with origins in small precision motors for IT applications such as hard disk drives and optical disk drives. Through decades of organic investment and mergers and acquisitions activity spanning more than 70 acquisitions, the company has significantly broadened its product and end-market exposure.

Nidec reported its results for the fiscal year ended March 2026, delayed due to improper accounting. Impairment losses on nonfinancial assets reached JPY 632.1 billion, far above the JPY 250 billion of assets flagged for impairment review in March. Management plans to hold a briefing on Oct. 1.

Nidec announced the receipt of the final report from the third-party committee investigating its improper accounting. The cumulative impact on net income over the investigation period, covering up to the first quarter of fiscal 2025, was JPY 160.7 billion.

Nidec is the world's leading manufacturer of electric motors, with origins in small precision motors for IT applications such as hard disk drives and optical disk drives. Through decades of organic investment and mergers and acquisitions activity spanning more than 70 acquisitions, the company has significantly broadened its product and end-market exposure.

Nidec and the third-party committee investigating Nidec's improper accounting released its investigation report, which detailed the issues, identified their causes, and proposed measures to prevent recurrence.

Nidec announced that its founder and chairman of the board, Shigenobu Nagamori, will resign from his position. Mitsuya Kishida, the company's president and CEO, will succeed him.

Nidec reported that its operating income for the first half of fiscal 2025 (ending March 2026) was down 82.5% year on year due to one-time charges. It indicated that the third-party committee's investigation into potential improper accounting will not conclude this year.

The Tokyo Stock Exchange announced that it will designate Nidec as a security on special alert. The company has submitted an audited report with a disclaimer of opinion, as the third-party committee's investigation of possible improper accounting is ongoing.

Nidec is a global top supplier of brushless direct current motors, which have advantages over other types of motors in energy efficiency, silence, and durability. Owing to their efficiency, the majority of demand for brushless DC motors currently comes from IT applications. Nidec has established top share in various applications, such as hard disk drive motors, optical disk drive motors, vibration motors for handsets, and fan motors. Furthermore, we expect that Nidec could capture demand from new applications and industries. As approximately half of the electricity generated globally is consumed by motors, the adoption of efficient motors will be necessary to meet environmental standards in many other industries in the near future. We believe that Nidec can leverage its expertise in small precision motors for IT applications and will benefit from increasing demand for brushless DC motors in new business opportunities, such as automobiles, robots, and air conditioners.

Nidec is a global top supplier of brushless DC motors, which have advantages over other types of motors in energy efficiency, silence, and durability. Owing to their efficiency, the majority of demand for brushless DC motors currently comes from IT applications, and Nidec has established top share in various applications, such as hard disk drive motors, optical disk drive motors, vibration motors for handsets, fan motors, and so on. Furthermore, we expect that Nidec could capture demand from new applications and industries. As approximately half of the electricity generated globally is consumed by motors, the adoption of efficient motors will be necessary to meet environmental standards in many other industries in the near future. We believe that Nidec can leverage its expertise in small precision motors for IT applications and will benefit from increasing demand for brushless DC motors in new business opportunities, such as automobiles, robots, and air conditioners.

Nidec announced the formation of a third-party committee to investigate possible management involvement in improper accounting. The company's shares fell more than 20% the following day.

Due to a delay in the audit report, Nidec held an earnings conference for the June quarter, based on preliminary numbers. Sales were down 1.6% year on year due to the Japanese yen appreciation. Operating income increased by 2.3%, and by more than 20% when excluding last year's one-time gain.

Nidec's operating income for fiscal 2024 (ending March 2025) was JPY 240 billion, up 48% from the previous year, due to the removal of large restructuring charges in the previous year, a recovery in hard disk drive motor sales driven by data center demand, and progress in improving profitability.

Nidec is a global top supplier of brushless DC motors, which have advantages over other types of motors in energy efficiency, silence, and durability. Owing to their efficiency, the majority of demand for brushless DC motors currently comes from IT applications, and Nidec has established top share in various applications, such as hard disk drive motors, optical disk drive motors, vibration motors for handsets, fan motors, and so on. Furthermore, we expect that Nidec could capture demand from new applications and industries. As approximately half of the electricity generated globally is consumed by motors, the adoption of efficient motors will be necessary to meet environmental standards in many other industries in the near future. We believe that Nidec can leverage its expertise in small precision motors for IT applications and will benefit from increasing demand for brushless DC motors in new business opportunities, such as automobiles, robots, and air conditioners.

Nidec is a global top supplier of brushless DC motors, which have advantages over other types of motors in energy efficiency, silence, and durability. Owing to their efficiency, the majority of demand for brushless DC motors currently comes from IT applications, and Nidec has established top share in various applications, such as hard disk drive motors, optical disk drive motors, vibration motors for handsets, fan motors, and so on. Furthermore, we expect that Nidec could capture demand from new applications and industries. As approximately half of the electricity generated globally is consumed by motors, the adoption of efficient motors will be necessary to meet environmental standards in many other industries in the near future. We believe that Nidec can leverage its expertise in small precision motors for IT applications and will benefit from increasing demand for brushless DC motors in new business opportunities, such as automobiles, robots, and air conditioners.

Nidec reported December-quarter results, with revenue up 9.8% year on year. Meanwhile, cumulative operating income for the three quarters was JPY 175.5 billion, slightly behind the full-year guidance of JPY 240 billion.

Nidec is a global top supplier of brushless DC motors, which have advantages over other types of motors in energy efficiency, silence, and durability. Owing to their efficiency, the majority of demand for brushless DC motors currently comes from IT applications, and Nidec has established top share in various applications, such as hard disk drive motors, optical disk drive motors, vibration motors for handsets, fan motors, and so on. Furthermore, we expect that Nidec could capture demand from new applications and industries. As approximately half of the electricity generated globally is consumed by motors, the adoption of efficient motors will be necessary to meet environmental standards in many other industries in the near future. We believe that Nidec can leverage its expertise in small precision motors for IT applications and will benefit from increasing demand for brushless DC motors in new business opportunities, such as automobiles, robots, and air conditioners.

Nidec reported September-quarter results with revenue up 8.6% year on year and operating margin up 9.1%, both broadly in line with our expectations. The September-quarter operating margin was 9.4%, up slightly from 9.3% in the June quarter.

Nidec is a global top supplier of brushless DC motors, which have advantages over other types of motors in energy efficiency, silence, and durability. Owing to their efficiency, the majority of demand for brushless DC motors currently comes from IT applications, and Nidec has established top share in various applications, such as hard disk drive motors, optical disk drive motors, vibration motors for handsets, fan motors, and so on. Furthermore, we expect that Nidec could capture demand from new applications and industries. As approximately half of the electricity generated globally is consumed by motors, the adoption of efficient motors will be necessary to meet environmental standards in many other industries in the near future. We believe that Nidec can leverage its expertise in small precision motors for IT applications and will benefit from increasing demand for brushless DC motors in new business opportunities, such as automobiles, robots, and air conditioners.