Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the "Company") hereby announces that the scheduled disclosure date of the financial results for the first quarter of the fiscal year ending March 31, 2027, will exceed 45 days after the quarter-end, as detailed below.
We sincerely apologize for any inconvenience and concern caused to our shareholders, investors, and other stakeholders.
- Reason for the Delay in the Disclosure of the Financial Results
As announced in the "Notice Regarding Filing of an Application for Approval of an Extension of the Filing Deadline of Annual Securities Report for the 53rd Fiscal Year (Ended March 31, 2026)" dated June 29, 2026, based on the results of the investigation by the third-party committee, the Company is proceeding to finalize prior consolidated financial statements and the impact on prior financial statements, considering various factors, including whether to recognize additional impairment losses on goodwill and fixed assets and currently conducting verification regarding tax expenses and other related impacts for corrections to past fiscal years' financial results and financial closing for the fiscal year ended March 31, 2026.
In addition, as announced in the "Notice Regarding Potential Quality Issues and Establishment of an Investigation Committee Composed of External Experts" dated May 13, 2026, it was identified that there were suspicions of inappropriate conduct by the Company and its group companies, including changes to materials, processes, and designs for certain products without customer approval, improper handling of testing and inspection data, and improper labeling of production locations. As of the same date, the Company established an Investigation Committee composed of external experts. The investigation by the Investigation Committee is expected to be completed by the end of August 2026. Based on the results, the Company is required to examine the impact of potential product quality issues on its financial performance.
Furthermore, regarding the unpaid customs duties at the Company's consolidated subsidiary, NIDEC FIR INTERNATIONAL S.R.L. (hereinafter, "FIR"), the Company has continued to expand the scope of the investigation into transactions with the U.S. within the group companies, excluding FIR and has also been conducting a review of non-U.S. transactions in parallel. If the investigation reveals any further additional customs duties, the Company will need to evaluate the financial impact of such customs duties.
These investigations remain ongoing at present and are expected to take a considerable amount of time. In addition, following the completion of the investigation, the Company's financial closing procedures and audit procedures by the accounting auditor based on the findings are also expected to require a significant amount of time. The Company is currently working on corrections to financial statements for prior years, as well as preparing the financial statements for the fiscal year ended March 31, 2026. Given the above, the Company has decided to postpone the disclosure of financial results for the fiscal year ended March 31, 2026. Moreover, the Company has not finalized preparing financial closing for the first quarter of the fiscal year ending March 31, 2027. Given that this process is also expected to take a considerable amount of time, the disclosure of the financial results for the first quarter of the fiscal year ending March 31, 2027, will be postponed. As a result, the scheduled disclosure date of the financial results for the first quarter of the fiscal year ending March 31, 2027, will exceed 45 days after the quarter-end. - Future Disclosure Schedule
As announced in "Notice Regarding Approval of an Extension of the Filing Deadline of Annual Securities Report for the 53rd Fiscal Year (Ended March 31, 2026)" dated June 30, 2026, the Company plans to finalize the filing of Annual Securities Report for the 53rd Fiscal Year (Ended March 31,2026) by September 30, 2026. Following the submission of the Annual Securities Report for the Fiscal Year ended March 31, 2026, the Company will promptly disclose the financial results for the first quarter of the fiscal year ending March 31, 2027, as soon as the financial closing procedures are finalized.
The new disclosure date for the financial results for the first quarter of the fiscal year ending March 31, 2027, will be announced promptly once determined.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260804060924/en/
Contacts:
Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
© 2026 Business Wire
