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;))
Recent news on Nidec
See all newsBrief: Nidec Corp: Considering Deadline Extension Of Annual Securities Report By Three Months To September 30 As Investigations To Take Considerable Amount Of Time
Brief: Japan's Nidec To End EV Motor Joint Ventures With GAC, Stellantis, Nikkei Reports
Brief: Oasis Management Company Is Making Shareholder Proposal To Nidec Corp, Filing Shows
Brief: Nidec Corp - Notice Regarding Potential Quality Issues And Establishment Of An Investigation Committee Composed Of External Experts
Brief: Nidec Corp - Determination Of Director Candidates For New Nidec