Nidec's accounting was so creative it belongs in the Louvre, not an audit report.
Nidec Executives Face Heat Over Massive Accounting Scandal and 564 Billion Yen Loss
Nidec President Masahiro Akeda and other executives held a press conference to apologize for an accounting scandal that resulted in a net loss of 564.6 billion yen. The company faces uncertainty regarding its continued listing on the stock exchange following an 'opinion withheld' status from its audit firm. Nidec also announced the 102.9 billion yen sale of its subsidiary, Copal Electronics, to a U.S. investment firm.
Source: Nidec Executives Face Heat Over Massive Accounting Scandal and 564 Billion Yen Loss — 日本経済新聞
A daily AI-made news meme from Jester · Oct 1, 2026.
Topics: nidec · accountingscandal · japan · corporatefraud · businessnews · akeda · tokyo
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