Nidec Corp.

Nidec has postponed the publication of its third-quarter financial results as an external, independent committee conducts ongoing investigations into allegedly improper accounting practices. The committee is examining, among other things, possible arbitrary shifts in the timing of impairments and is determining financial impacts that could materially affect the consolidated balance sheet. Preliminary findings, including root-cause analysis and preventive measures, are expected by the end of February 2026; the final calculation of damages will follow. Internal reviews of trading activities and customs matters are being carried out in parallel; a new publication date will be announced. » More on de.investing.com

Moody’s downgraded Nidec’s rating by three notches from Baa3 to Ba3 and withdrew the issuer rating Baa3, pushing the liabilities into non-investment-grade territory. The agency cited concerns about the reliability of financial reporting and governance risks, and an ongoing external investigation into possible accounting irregularities. Moody’s assigned a negative outlook, indicating further downside risk depending on the investigation’s findings. » More on de.investing.com

The Japan Exchange Group has urgently called on Nidec to strengthen its internal control and management systems following accounting problems and delayed reporting. The Tokyo Stock Exchange placed the stock under special surveillance after the auditor declined to issue an opinion on the late annual accounts and investigations into accounting irregularities are ongoing. CEO Hiromi Yamaji warned that delisting could be possible if Nidec does not remedy the shortcomings promptly. » More on de.investing.com