Nidec Corp.

Internal and external investigations at Nidec revealed concealed losses, improper accounting and inadequate quality controls, prompting CEO Mitsuya Kishida to resign. Cumulative impairments from the scandals and the revaluation of the electric-drive business could amount, according to industry reports, to several hundred billion yen up to around one trillion yen (roughly €6 billion). The company is under heavy pressure over questionable bookings, tariff circumvention and missed e‑car opportunities; the stock has fallen about 20% since the revelations. An internal investigation report also criticizes excessive pressure from the founding leadership, while credit lines and capital buffers are currently likely limiting existential risks. » More on faz.net

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