Nidec impairment loss far exceeds estimates as auditor withholds opinion

T2Covered by 1 source · first reported by JP/KR/TW: Korea Herald / Taipei Times / DigiTimes at 02 Oct, 06:34 UTC

Japanese motor and electronic components maker Nidec said on September 30 that its long-delayed consolidated financial report for fiscal year 2025 (from April 2025 to March 2026) showed losses from accounting irregularities of JPY632.1 billion (US$3.99 billion), far above earlier estimates…