Japan's Nidec cancels buyback, withdraws earnings forecast for this FY
23/10/2025 08:20
TOKYO, Oct 23 (Reuters) - Japan's Nidec 6954.T on Thursday said it has cancelled a share buyback programme that was approved in May. The Kyoto-based company said it will not pay an interim dividend and has withdrawn its earnings forecast for the fiscal year ending March 2026, with its year-end dividend forecast now listed as undetermined. The manufacturer said in September it would set up an independent committee to investigate the possible involvement of management in improper accounting. (Reporting by Satoshi Sugiyama; Editing by Christopher Cushing) ((Satoshi.Sugiyama@thomsonreuters.com;))
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