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October 27, 2026
 

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NIDEC

Nidec founder Shigenobu Nagamori’s wealth has declined to around $3.3 billion following a plunge in the company's shares, as Nidec shares account for almost half of his fortune.
BUSINESS / Companies
Oct 21, 2026
Nidec scandal erases nearly $1 billion from founder Nagamori’s wealth
The precision-motor manufacturer has been mired in turmoil ever since accounting misconduct and quality control issues were uncovered in 2025.
Nidec's outside committee has concluded that founder Shigenobu Nagamori and other executives bear civil liability for damages linked to years of improper accounting.
BUSINESS
Oct 19, 2026
Nidec legal reckoning reaches founder and shares drop to decade low
A crisis that has prompted the motor maker’s biggest shareholder to call for a review of privatization options has deepened.
The Nidec headquarters building in Kyoto. The company is considering legal action, including seeking damages, against founder Shigenobu Nagamori and other current and former executives over accounting irregularities uncovered last year.
BUSINESS / Companies
Oct 18, 2026
Nidec to seek damages from founder and executives over accounting fraud
The motor manufacturer said it had concluded that the executives violated laws and regulations in the course of their duties.
Nidec has been mired in turmoil since last year, with probes revealing widespread fraud in its accounting and quality control at multiple subsidiaries.
BUSINESS
Oct 15, 2026
Oasis boosts Nidec stake and says it’s now largest shareholder
The world’s largest manufacturer of precision motors has been mired in turmoil since last year, with probes revealing widespread fraud.
Nidec has been mired in turmoil after probes uncovered widespread fraud in its accounting and quality control.
BUSINESS / Companies
Oct 8, 2026
Oasis urges Nidec to seek a buyout and warns of delisting risk
The Japanese electric motor maker has been mired in turmoil after probes uncovered widespread fraud in its accounting and quality control.
Michio Kaida, Nidec's new CEO, speaks during a news conference in the city of Kyoto last week.
BUSINESS / Companies
Oct 6, 2026
Nidec scandal sends bonds to bottom in test for new CEO
The precision motor manufacturer’s yen bond due in mid-2032 has slumped to ?77.7, the lowest among more than 3,000 local corporate notes.
Michio Kaida, chief executive officer of Nidec, speaks during a news conference in Kyoto on Thursday.
BUSINESS / Companies
Oct 2, 2026
Nidec lays out recovery plan with unit sales and investments for AI
With the disclosure of a new business plan under fresh leadership, Nidec is hoping to stave off delisting or a hostile buyout.
Nidec, the world’s largest maker of precision motors, marked its worst intraday drop since September 2025 on Thursday.
BUSINESS / Markets
Oct 1, 2026
Nidec shares sink after auditor withholds opinion on results
Thursday’s stock decline marks its worst intraday drop since September 2025.
Nidec announced Tuesday the departure of CEO Mitsuya Kishida, 66, after less than three years on the job.
BUSINESS / Companies
Sep 29, 2026
Nidec’s unending turmoil raises specter of breakup or takeover
The crisis puts Nidec at risk of joining the ranks of companies that fell from grace due to management upheaval and weak corporate governance.
Mitsuya Kishida, CEO of Nidec, attends a news conference in Tokyo on Friday.
BUSINESS
Sep 4, 2026
Nidec says investigation found 844 quality-control irregularities
The panel was set up in May after the motor maker disclosed more than 1,000 suspected cases of quality irregularities committed between 2020 and 2025.
Nidec CEO Mitsuya Kishida faced a barrage of questions from investors about Nidec’s survival during the firm's general shareholders meeting on Thursday.
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.
Nidec President Mitsuya Kishida
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.
Nidec CEO Mitsuya Kishida says the company will return to dealmaking once it recovers from scandals.
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.
Nidec founder Shigenobu Nagamori in 2023. Nagamori instilled a hard-charging corporate culture at the company, demanding results pegged to ambitious, and at times unrealistic, targets.
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.
Nidec CEO Mitsuya Kishida (center) and others bow in apology during a news conference in Tokyo on Tuesday.
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.
Market information displayed inside the Tokyo Stock Exchange. A former Mita Securities executive and four other individuals have been arrested on suspicion of insider trading linked to a tender offer.
JAPAN / 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.
Shigenobu Nagamori
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.
Nidec's Qingdao Industrial Park in China. The Tokyo Stock Exchange has designated Nidec as a "security on special alert" for a possible delisting.
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.
On Friday, Nidec said in a financial report that it had unearthed new problems following an external probe that found evidence of systemic accounting problems.
BUSINESS / Companies
Sep 29, 2025
Nidec shares slide after widening accounting scandal hurts trust
The company said in a financial report — submitted after a three-month delay — that it had unearthed new problems following evidence of systemic accounting problems.
Nidec CEO Mitsuya Kishida with lion dance performers during the opening ceremony of the company’s Qingdao Industrial Park on July 9
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.
Two Japanese climbers die on remote Himalayan peak in Nepal
Rescuers have recovered the bodies of two Japanese climbers missing for over a week on a remote Himalayan mountain.
Aging Japanese village turns to Peru in search of new residents
Guests from Peru's Belen district interact with a baby in Nanmoku village in Gunma Prefecture.
Budget-friendly restaurant chain Saizeriya succumbs to rising costs
A Tokyo branch of Saizeriya, a chain of family-style Italian restaurants
U.S. has for years asked Musk to alter Starlink service in Ukraine and Middle East, sources say
A Ukrainian soldier sets up a Starlink satellite internet system near the frontline in the Donetsk region, Ukraine, on Oct. 16
U.S. military bans Chinese-made BYD cars from key air base in Okinawa
An F-22 Raptor lands at Kadena Air Base in Kadena, Okinawa Prefecture on Oct. 9. The base is a crucial hub for U.S. military operations in the region.
A dramatic bear hunt in a midsize Japanese city could be a harbinger of what is to come
Zookeeper Tetsuo Iso at the site of frantic search for a wild bear in Utsunomiya on June 9. Iso, 65, was asked by the prefectural government to help capture the bear and it was his shot with a tranquilizer gun that put an end to the saga.
How this long-term resident avoids the annoying tourist label in Japan
Tourists enjoy themselves while crossing the famous Shibuya Crossing in Tokyo on Oct. 12.
What can Asia do to avoid crossing crucial climate tipping points?
Motorists drive through a road covered with smog from wildfires nearby in Ogan Ilir in Indonesia's South Sumatra province on Sept. 25.
Baku championships showcase rising standards in global sumo
Ryan Roddy (second from left back) is pictured with the Ireland sumo team at this month's World Sumo Championships in Baku, Azerbaijan.
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