Nidec Announces the Resignation of the Representative ...

Asahi

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Nidec Corporation (formerly Nidec), a major motor manufacturer, announced on the 29th that its president, Mitsuya Kishida (66), had resigned effective that day. The resignation came after losses related to accounting irregularities were projected to be significantly larger than initially expected, leading to increased calls for accountability, particularly from outside directors.

carcareplus.jp

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Nidec, a major motor manufacturer facing a critical situation due to the discovery of improper accounting practices and quality fraud, has announced personnel changes in which President Mitsuya Kishida will resign and Senior Managing Executive Officer Michio Kaida will be promoted to president.

レスポンス（Response.jp）

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Nidec announced on September 29 that its President and CEO, Mitsuya Kishida, had resigned effective that day. Michio Kaida was appointed as his successor.