Japan’s Nidec CEO Mitsuya Kishida to resign, Nikkei reports
FILE PHOTO: Japanese electric motor maker Nidec’s Chief Executive Officer Mitsuya Kishida arrives at a venue for a press conference in Tokyo, Japan, November 14, 2025. REUTERS/Kim Kyung-Hoon/File Photo
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
Sept 29 : Japanese motor maker Nidec’s president Mitsuya Kishida has decided to step down as CEO, the Nikkei business daily reported on Tuesday, based on information it obtained a day earlier.
Kishida may submit his resignation as early as Tuesday, the report added.
Here are some more details:
• Michio Kaida, the company’s chief technology officer, is among the potential successors, but the company is also weighing an appointment from its current directors, the report said.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
• Nidec did not immediately respond to a Reuters request for comment.
• The board, largely made up of outside directors, intends to replace Kishida to clarify accountability for the problems facing the company, the report said.
• Nikkei had reported on Monday that Nidec is expected to recognize an impairment loss exceeding 600 billion yen ($3.81 billion) stemming mainly from traction motor systems for electric vehicles.
• The write-downs, including revisions tied to the accounting scandal revealed in June 2025, could total about 1 trillion yen, Nikkei had said.
• The company had anticipated an impairment loss of 250 billion yen in March.
• Nidec plans on Wednesday to file its securities report for the year ended March and announce corrections to financial results for the past five years.
($1 = 157.3800 yen)
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
