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Nidec Forms Independent Committee to Fix Accounting Irregularities
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Subscribe04 SEP 2025 / ACCOUNTING & TAXES
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Japan's Nidec Corporation's stock recorded a historic 22% drop, eradicating about $5.5 billion in market value in a day, following allegations of accounting irregularities at its subsidiaries. In response, Nidec has formed a third-party committee to investigate, aiming to rebuild investor trust and answer to regulators and analysts.
Japan’s industrial powerhouse, Nidec Corporation, just got hit with a reality check tougher than a Monday morning audit. The company’s stock tanked a record 22%, wiping out around $5.5 billion in market value in a single trading day, after revelation...
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