As announced in the press release, “Notice Regarding Nidec Corporation’s Receipt of the Investigation Committee’s Report” dated September 2, 2026, Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec,” the “Company,” or “we”) received an investigation report (the “Investigation Report” or the “Report”) from an investigation committee comprising outside experts (the “Investigation Committee” or the “Committee”) on the same day. This release is to announce that the Company discloses the Investigation Report as attached today, as the examination of confidentiality measures necessary to protect the trade secrets of the Nidec Group and our business partners, customer information, individual privacy, and other information is completed. We sincerely apologize for any concern or inconvenience experienced by our customers, shareholders, investors, and other stakeholders. Going forward, the Company’s executives and other employees will be committed to making concerted efforts to steadily reform our corporate culture, systems, and processes. Your continued support will be greatly appreciated.
1. Disclosure of the Investigation Committee’s investigation report
Please refer to the link below for the Summary Report of the Investigation Committee.
https://www.nidec.com/files/user/www-nidec-com/corporate/news/2026/0904-01/260904-01en.pdf
2. Nidec’s understanding based on the Investigation Report
As part of the efforts to reform its internal management system by Nidec Corporate Reform Committee (established on October 30, 2025), Nidec launched on January 8, 2026 a quality inspection for all of the Nidec Group’s production and development bases. This inspection revealed suspected cases of misconduct at multiple bases, prompting us to establish the aforementioned Investigation Committee comprising outside experts. Since then, we have fully cooperated with the Committee’s investigation.
The Investigation Report identifies a series of quality-related issues, including 4M change rule violations, falsification and fabrication of testing and inspection results, violation of inspection and manufacturing conditions, use and shipment of substandard and unauthorized items, and violation of preparation and management rules of component- and material-related records, and misconducts related to products’ country-of-origin data (hereinafter collectively referred to as the “quality-related issues”).
The Report also points out other issues such as: (i) while the management system was unable to keep up with the growth of the Company, employees were strongly required to achieve short-term business targets and reduce cost beyond the actual business conditions; (ii) in individual businesses, the understanding, evaluation, and monitoring of quality-related risks, and the management of transition of business succession and production transfer, were both inefficient; and (iii) amid strong pressure to reduce cost, Nidec could not secure enough human and other resources for quality assurance, while the Company’s quality assurance department could not fully exercise its independent check functions. These issues, intertwined, led to the generation and continuation of the aforementioned series of misconduct. We sincerely acknowledge these issues, which the Report states caused an “unhealthy state” to be formed and continue to exist in Nidec.
With respect to the excessive pressure to achieve business targets, the voice-suppressing corporate culture, other issues and problems that the previously established Third-Party Committee revealed (https://www.nidec.com/files/user/www–nidec–com/corporate/news/2026/0303–01/260303–01en.pdf) caused the series of inappropriate accounting practices, and other issues common to them related to Nidec’s management attitude and corporate culture, we regard them not as individual phenomena but as fundamental tasks that we should face in rebuilding Nidec. To solve these issues, we will continue to steadily improve and promote measures to create a better corporate culture.
Nidec also realizes issues with its systems and processes uniquely to quality assurance as well. By addressing these issues together, we will be reborn as a company that carries high ethical standards and always prioritizes “Do things right.”
Specifically, Nidec will continue its cultural reform measures implemented after the discovery of inappropriate accounting practices, while sending out the top executive’s messages of becoming a proud manufacturer with a quality- and customer-first policy, and holding quality compliance training for all executives and other employees.
As part of the system and process reform to improve its quality assurance organization’s authority and functions, Nidec will revise its Global Quality Assurance Regulations to inform all concerned that individual Business Units’ and Nidec Group companies’ quality assurance managers have the authority to suspend product shipment. In addition, the Company’s Global Quality Management Division will launch quality audits and check the status of our compliance with the regulations continuously. Further, we have installed opinion collection boxes permanently and revised the report lines to the quality assurance managers of individual Business Units, Nidec Group companies, and their subsidiaries, to rebuild a system where the Nidec Group’s quality compliance-related information will be reported to the head office promptly, and appropriate actions will be implemented.
3. Facing customers
With respect to customers related to Nidec products found with the aforementioned quality-related misconducts and other issues, we are in the process of providing them with explanations, responding to issues individually. We will continue to face each customer with sincerity and address issues responsibly.
4. Impact on Nidec’s financial statements for past fiscal years
So far, Nidec’s evaluation of individual matters’ financial impact has revealed no issue with any material impact on the Company’s consolidated and other financial statements of past fiscal years. Nidec plans to correct its securities reports and other documents of past fiscal years and submit its securities report for the fiscal year ended March 2026 at the earliest possible date.
5. Disciplinary actions based on the Investigation Report
Going forward, based on facts to be revealed in the Investigation Committee’s investigation, we will launch appropriate disciplinary actions on personnel.
6. Actions going forward to rebuild Nidec
Quality is equivalent to a promise that Nidec makes with its customers and society, and a basis to support trust in Nidec and its corporate value. By deeply reflecting on the issues we have caused, we will return to the basics of monozukuri (manufacturing, with a deep philosophy of craftsmanship, pride, skill, and a continuous drive for perfection) and shift toward a quality-centered management.
At the same time, seriously taking to heart the fact that it will never be easy to recover lost trust, and accepting the Investigation Committee’s suggestions sincerely, all executives and other employees will be committed to reforming our corporate culture, systems, and processes drastically.
Through these actions, Nidec will dedicate all its strength to regain the spirit as a proud manufacturer with a quality- and customer-first spirit and regain our customers’ and society’s trust as soon as possible. Please continue to support us as we go forward.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260903091492/en/
Media gallery
