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Tag - nidec
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July 24, 2026
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NIDEC
BUSINESS
/
Companies
Jun 18, 2026
Nidec investors vent frustrations over scandal at annual meeting
CEO Mitsuya Kishida faced a barrage of questions about Nidec¡¯s survival as well as deep skepticism about his plan to turn the business around.
BUSINESS
/
Companies
May 31, 2026
Embattled Nidec to suspend biz acquisitions
A panel of outside experts concluded that pressure to meet performance targets was among the factors behind the irregularities.
BUSINESS
/
Companies
May 25, 2026
Nidec boss hints at more M&A deals once scandals abate
CEO Mitsuya Kishida has underlined regaining trust as the Kyoto-based electric motor manufacturer¡¯s top priority.
BUSINESS
/
Companies
May 13, 2026
Nidec shares tumble after product quality issues compound bookkeeping scandal
The Kyoto-based world¡¯s largest maker of precision motors said the issues involved changes made to materials, processes and designs without approval.
BUSINESS
/
Companies
Mar 4, 2026
Nidec warns of $1.6 billion charges from accounting scandal
The world¡¯s largest manufacturer of precision motors said there could be additional charges that would impact its past financial results.
51³Ô¹ÏÍø
/
Crime & Legal
Feb 2, 2026
Former Mita Securities executive and others held for alleged insider trading
The executive and four other individuals were arrested on suspicion of insider trading linked to a tender offer.
BUSINESS
/
Tech
Dec 20, 2025
Nidec chairman quits board after spate of accounting issues
The move follows the discovery of accounting issues that damaged the reputation of the Japanese maker of electric motors.
BUSINESS
/
Companies
Oct 28, 2025
Nidec faces delisting risk as Tokyo Stock Exchange boosts scrutiny
The move by the exchange may deal another blow to Nidec¡¯s shares, which have tumbled roughly 20% since the start of September as its accounting issues came to light.
BUSINESS
/
Companies
Sep 29, 2025
Nidec shares slide after widening accounting scandal hurts trust
The company said in a financial report ¡ª submitted after a three-month delay ¡ª that it had unearthed new problems following evidence of systemic accounting problems.
BUSINESS
/
Companies
Jul 16, 2025
Nidec builds made-in-China EV motor to help Toyota catch rivals
About 99% of the materials and parts in the new E-axle motor are from China, said Nidec president Mitsuya Kishida.
BUSINESS
/
Companies
May 9, 2025
Nidec withdraws its $1.8 billion hostile takeover bid for Makino Milling Machine
Makino?had previously threatened to block the takeover by granting stock acquisition rights to existing shareholders.
BUSINESS
/
Companies
Dec 27, 2024
Japan¡¯s Nidec takes aim at Makino Milling with $1.6 billion unsolicited bid
Nidec said Makino¡¯s board had not agreed to the ?11,000 per share offer, a 42% premium to Thursday¡¯s closing share price, as it had not proposed the bid before announcing it.
BUSINESS
/
Tech
Jul 23, 2024
Japan¡¯s Nidec lifts annual profit outlook after first quarter
The company raised its expectations for operating profit in the financial year to the end of March 2025 to ?240 billion ($1.53 billion).
BUSINESS
/
Companies
Jul 9, 2024
Kyoto bank defies call to unwind holdings after $6-billion gain
Kyoto Financial Group has amassed unrealized profits of more than $6 billion on holdings in other firms.
BUSINESS
/
Companies
Mar 12, 2024
Japan¡¯s Nidec, U.S. private equity firm KPS vie for Siemens¡¯ motors unit
The Innomotics unit makes heavy-duty electric motors used in ships and mining equipment, and could fetch about ?483.6 billion in a sale.
BUSINESS
/
Companies
Nov 3, 2023
Early bets on Nintendo and Nidec yield big gains for Kyoto bank
Kyoto Financial Group has equity holdings worth almost ?903 billion thanks to investments made decades ago.
BUSINESS
Nov 27, 2022
The humiliating fall of Nidec billionaire¡¯s handpicked successor
The story of Jun Seki¡¯s time at the company is a cautionary tale of the risks of taking over from a self-made titan who finds it near-impossible to pass the reins.
BUSINESS
/
Companies
Sep 2, 2022
President of Japanese motor-maker Nidec resigns over weak earnings
Jun Seki, president and chief operating officer who once held the chief executive position, will resign to take responsibility for a deterioration in the company¡¯s earnings, the firm said.
BUSINESS
/
Companies
Aug 25, 2022
Nidec¡¯s COO to resign after being sidelined by founder Shigenobu Nagamori
The move underscores the Japanese company¡¯s struggles to put a succession plan for its aging founder in place.
COMMENTARY
/
Japan
Apr 29, 2022
Japan¡¯s aging billionaires think they are indispensable. That¡¯s a problem.
Japan¡¯s aging and hard-working corporate founders don¡¯t know when to walk away.
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