[Opinion] Japan’s Nidec likely to miss audit opinion by month-end, Nikkei says
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Nidec announced on the 28th that it would be difficult to obtain an audit opinion within the month and correct the securities report for the fiscal year ending 2026/3, which the audit firm did not express an opinion. It is said that investigations of executives and employees involved in fraudulent accounting, personnel corrective measures, audit procedures, etc. have not been completed.
Kyoto-based motor manufacturer Nidec, which has incurred massive losses due to accounting and quality irregularities, resulting in a net loss of 564.6 billion yen for fiscal year 2025, revealed today (the 28th) that it is working on correcting its 2025 securities report, which was initially rejected by its auditing firm as a "disclaimer of opinion," but has yet to receive an opinion, including approval, from the firm. Nidec has been found to hav…
Japan’s Nidec likely to miss audit opinion by month-end, Nikkei says
TOKYO, Oct 28 : Japan’s Nidec will likely not be able to obtain an auditor’s opinion on its securities report by month-end after an auditor said an audit would not be completed in time, the Nikkei business daily reported on Wednesday. The Japanese electric motor maker will submit internal control documents to the Tokyo Stock Exchange […]
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