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Nidec announces business restructuring following accounting fraud and internal control failures

Just Auto ·

CG
CG Carlyle Group Inc
$38.88 -1.12%
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  1. 1Nidec disclosed accounting fraud and significant flaws in its internal control system on September 30, 2026.
  2. 2CEO Michio Kaida announced plans to sell underperforming automotive, industrial, and home appliance component manufacturing operations.
  3. 3The expected acquisition price for Nidec Components Corporation by Carlyle Group is 103 billion yen.

So what's the key point?

Nidec revealed that it had incorrect accounting records and issues with its management system. The company plans to reorganize by selling business units that are not performing well.

Source Just Auto · View original ↗

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