Nidec skips annual profit forecast amid accounting probe
14/11/2025 06:43
TOKYO, Nov 14 (Reuters) - Nidec 6594.T refrained on Friday from issuing a new forecast for annual operating profit, as the Japanese electric motor maker reels under pressure from an accounting scandal that has triggered investor concern and regulatory scrutiny. The Kyoto-based firm withheld guidance for the year to March 2026, after scrapping its previous 260 billion yen ($1.68 billion) forecast in late October, following revelations of suspected irregularities at overseas subsidiaries. ($1=154.4500 yen) (Reporting by Daniel Leussink; Editing by Clarence Fernandez) ((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))
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