Picture of Nidec logo

6594 Nidec News Story

0.000.00%
jp flag iconLast trade - 00:00
IndustrialsAdventurousLarge CapNeutral

Nidec unveils improvement plan, delays release of quarterly financial results

TOKYO, Jan 28 (Reuters) - Japan's Nidec 6594.T submitted an improvement plan to the Tokyo Stock Exchange on Wednesday after being placed on a "special alert" by the bourse last year for revelations of suspected accounting irregularities at overseas subsidiaries.

The Kyoto-based electric motor maker also delayed the release of its financial results for the October-December quarter, saying it would disclose them more than 45 days after the end of the period.

 (Reporting by Daniel Leussink; Editing by Tom Hogue)

 ((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))

Recent news on Nidec

See all news