Nidec submits annual report on time, but auditor withholds opinion (updated)
26/09/2025 10:39
Adds details throughout TOKYO, Sept 26 (Reuters) - Japanese electric motor maker Nidec 6594.T met a delayed deadline to file its fiscal 2024 annual report, a regulatory filing showed on Friday, but the company's auditor withheld an opinion on its financial statements. Nidec had postponed its annual report submission in June after saying it needed time to conduct an investigation into potential errors in country-of-origin declarations for motors produced at a subsidiary in Italy. Nidec's auditor, PwC Japan, withheld an opinion on the company's consolidated financial statements for the past financial year ended March 2025, citing insufficient audit evidence. The Kyoto-based manufacturer of precision motors also vowed to take fresh steps to shore up internal controls, pledging to foster a corporate culture prioritising compliance and to strengthen its global governance. (Reporting by Daniel Leussink Editing by David Goodman and Toby Chopra) ((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