Nidec Corp

6594: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Nidec: Third-Party Report Reveals Distorted Capital Allocation; Rating Downgraded to Poor

Kazunori Ito

Apr 22, 2026

Nidec announced the receipt of the final report from the third-party committee investigating its improper accounting. The cumulative impact on net income over the investigation period, covering up to the first quarter of fiscal 2025, was JPY 160.7 billion.

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Nidec Corp

Nidec: Third-Party Report Reveals Distorted Capital Allocation; Rating Downgraded to Poor

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