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Nidec’s $4 Billion Accounting Hit Still Leaves PwC on the Fence
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Subscribe01 OCT 2026 / ACCOUNTING & TAXES
Japanese motor giant Nidec reported ¥632 billion ($4 billion) in impairment losses for the fiscal year ended March 2026, pushing it to a record net loss of ¥564.62 billion compared with a profit of ¥84.67 billion a year earlier. Its auditor, PwC Japan, issued a disclaimer of opinion, expressing concern about the viability of the financial statements, causing Nidec shares to plummet.
Nidec has finally put a very large number on part of its accounting problem. The awkward part? Its auditor still cannot tell investors whether the financial statements deserve their trust. The Japanese motor giant reported ¥632 billion, roughly $4 bil...
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