Tag: nidec
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Japan’s Nidec misses its target to file amended accounts with auditor’s opinion
TOKYO, Oct 28 : Nidec, a Japanese manufacturer and distributor of electric motors, said on Wednesday it was not able to file amended financial reports with an auditor’s opinion by its October 28 target, as checks that its auditor requested on staff involved in improper accounting were still underway.Nidec sai
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Japan’s Nidec likely to miss month-end deadline on audit, Nikkei says
TOKYO, Oct 28 : Japan’s Nidec is unlikely to secure an auditor’s opinion on its securities report by month-end after an auditor flagged that the audit could be delayed, the Nikkei business daily said on Wednesday. The step comes after Nidec said on Tuesday it had decided to sue founder Shigenobu Nagamori al
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Nidec to file damage suit against former executives
TOKYO, Oct 27 : Japanese electric motor maker Nidec said on Tuesday it has decided to file a lawsuit for damages against several former executives including company founder Shigenobu Nagamori. A committee report looking into Nidec’s accounting irregularities said this month Nagamori fostered a corporate cultu
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Nidec aims for October audit sign-off as new CEO vows to restore trust
TOKYO, Oct 1 : Nidec’s new CEO Michio Kaida apologised on Thursday for another change in leadership at the Japanese electric motor maker, which has been rocked by an accounting scandal, saying his mission was to rebuild the company and restore trust.• Kaida said Nidec was working with PwC Japan Japan and ai
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Japan’s Nidec CEO Mitsuya Kishida to resign, Nikkei reports
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:•
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