Nidec Corporation has filed an application with the Kanto Local Finance Bureau to extend the filing deadline for its annual securities report for the 53rd fiscal year ended March 31, 2026, from June 30 to September 30, 2026. The company cites ongoing investigations by a third-party committee and an external expert committee into prior financial statements, potential product quality issues, and unpaid customs duties at a consolidated subsidiary. These probes are expected to require considerable time, making it difficult to complete closing procedures and receive the audit report by the original deadline. If the extension is approved, Nidec will promptly disclose the decision.
Nidec CorporationOngoing investigations into prior financial statements, product quality issues, and unpaid customs duties delay filing, indicating regulatory and compliance problems.