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Nidec shares plunge 22% on accounting probe

September 4, 2025
in News
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Signage at the Nidec Corp. Qingdao Industrial Park in Qingdao, China, on July 9, 2025.

Bloomberg | Bloomberg | Getty Images

Shares of Nidec Corp plunged as much as 22.44% Thursday, after the company announced a probe into alleged improper accounting at one of its subsidiaries.

The creation of an independent third-party committee comes after an internal investigation of its Chinese subsidiary, Nidec Techno Motor, for the alleged malpractice, which revealed evidence suggesting a link to Nidec’s management.

“The Company recognized limitations in the previous investigation system engaging external experts and led by members of the Audit and Supervisory Committee, as well as the need for objective investigations by a third-party committee independent of the Company,” Nidec said in a statement Wednesday.

This marks the Japanese electronics components manufacturer’s biggest one-day drop.

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Nidec shares plunge 22% on accounting probe

Shares of Nidec Corp

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