Manabu Akizuki

Daiki Takayama

Takayuki Naitou

Takayuki Naito

Fumihide Goto

Shoji Sato

- **Nidec Corporation** corrected its consolidated financial statements for **fiscal year 2025** due to unpaid tariffs and suspected improper accounting in subsidiaries.  **[1158967_1c26d41f787540fdbb9f84120be30b70]** 
- **PwC Japan**, Nidec's auditor, **withheld an opinion** on the consolidated financial statements, citing insufficient audit evidence.  **[1158967_1c26d41f787540fdbb9f84120be30b70]** 
- The company **postponed its annual report submission** in June 2025 to investigate potential errors in country-of-origin declarations for motors produced at a subsidiary in Italy.  **[1158967_1c26d41f787540fdbb9f84120be30b70]** 
- Nidec is addressing these issues by establishing a **third-party committee** and implementing measures to strengthen internal controls and corporate governance.  **[1158967_1c26d41f787540fdbb9f84120be30b70]**

NIDEC (NJDCY)