On July 9, 2025, the sign for NIDEC Corp. Qingdao Industrial Park in Qingdao, China.
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Stocks Nidec Corp It fell sharply by 22.44% on Thursday after the company announced an investigation into the group’s inappropriate accounting allegations.
This marks the largest day decline in stocks in Japanese electronics parts manufacturers.
The Kyoto-based company is one of the world’s largest manufacturers of mini or brushless motors used in devices such as hard drives and electrical appliances, as well as hard drives and large motors found in factory robots.
NIDEC’s shares have fallen 10.61% since the beginning of the year. Comparing, 225 strains Nikkei 225 The index rose 5.12% over the same period.
NIDEC Corp Stocks
NIDEC announced on Wednesday that it would establish an independent third-party committee after an internal investigation of its Chinese subsidiary, NIDEC Techno Motor.
“In addition to techno, the survey found several documents suggesting that the company and its group companies may have engaged in accounting that is inappropriate for its or management involvement or knowledge,” NIDEC said in a regulatory filing.
The latest announcement from NIDEC came after delaying filing the financial report in June via a “potentially false declaration” in the country of origin report on the manufacture of certain motors.
NIDEC also operates in several countries, including India, China, France, Germany and the United States.
With the recent expansion of its presence in China and opening Nidec Qingdao Industrial Park in Shandong, automotive and electronic operations are now operating under one facility.
