Key Facts
• October 23, 2025: Nidec announced suspension of FY2026 consolidated earnings forecast.
• Reason: Ongoing investigation into suspected improper accounting practices.
• Initial forecast (April 2025): Revenue ¥2.6 trillion (-0.3%), operating profit ¥260 billion (+8.2%).
• September 3, 2025: Third-party committee established to investigate irregularities.
• Evidence suggests deliberate timing adjustments in asset impairment recognition.
• Nidec promises prompt disclosure once forecasts are feasible.
Summary
Nidec Corporation has suspended its consolidated earnings forecast for the fiscal year ending March 2026 due to an ongoing investigation into suspected improper accounting practices. The company initially projected ¥2.6 trillion in revenue, a 0.3% decrease from the previous year, and an 8.2% increase in operating profit to ¥260 billion. However, evidence of potential deliberate timing adjustments in asset impairment recognition prompted the establishment of a third-party committee on September 3, 2025. Nidec has committed to releasing updated forecasts as soon as the investigation concludes.
