Nidec to Investigate Legal Responsibility of Executives over Accounting Fraud, Possible Lawsuit
Nidec has established a committee to investigate the legal responsibilities of its executives related to an accounting fraud scandal, which could lead to a potential lawsuit.
Secret Handling of Irregularities by the 'Special Investigation Director': Nidec, Acting Under the Founder
A report reveals that Nidec, a leading motor manufacturer, appointed a 'Special Investigation Director' to handle internal accounting irregularities secretly, as part of a broader scandal regarding financial mismanagement.
Mysterious Container Arrives Suddenly: Nidec's Spreading Fraud 'I'm Tired of False Reports'
A former Nidec employee revealed fraudulent accounting practices within the company, including the shipment of unsold parts to inflate sales figures.
"Irresponsible Bunch!" Nidec's Pressure Causing Financial Misconduct
Nidec's founder, Shigenobu Nagamori, expressed frustration over performance management decisions leading to a culture of pressure and misconduct within the company.
Why Did Nidec's Accounting Fraud Spread? Third-party Committee Says 'Need to Shed the Influence of Mr. Nagamori'
A third-party committee has revealed that accounting fraud at Nidec, a global motor manufacturer, was widespread due to pressure from its founder, Mr. Shigenobu Nagamori, prioritizing high performance targets over ethical practices.
Nidec Faces 250 Billion Yen Impairment Risk Due to Fraud; Third-Party Panel Indicates Nagamori Also Complicit
Nidec, a major motor manufacturer, is at risk of reporting an impairment loss of 250 billion yen, as a third-party committee revealed extensive accounting fraud, implicating founder Nagamori in tolerating some misconduct.
Nidec receives report from third-party committee on improper accounting; press conference under consideration
Nidec has received a report from a third-party committee investigating improper accounting practices and is considering holding a press conference next week.
Nidec's Nagamori Resigns as Honorary Chairman: 'I Will Completely Step Down in Name and Reality'
Shigenobu Nagamori, the founder of Nidec, has resigned from his position as honorary chairman amid ongoing concerns of improper accounting at the company.
Taxation of land under building construction as 'farmland' deemed 'illegal' by appeals court
An appeals court ruled that a city illegally taxed land used for a building as farmland, affirming that the taxation did not reflect the land's actual usage.
Nidec TOB Insider: New Arrest in Tokyo District Prosecutor's Special Investigation Department
A new arrest has been made in connection with insider trading related to Nidec's tender offer, with the Tokyo District Prosecutor's Special Investigation Department apprehending a suspect for violating financial laws.
Arrest of former Mitsuda Securities directors for insider trading related to Nidec's TOB
Three former directors of Mitsuda Securities have been arrested for suspected insider trading concerning Nidec's upcoming takeover bid, with significant stock purchases made prior to public announcement.
Nidec's TOB Insiders Arrested, Including Former Director of Securities Company
Former directors of a securities company have been arrested for insider trading linked to Nidec's public tender offer for Makino Milling Machine Company.