Nidec Corporation has disclosed the full investigation report from its outside-expert committee, which found widespread quality-related misconduct including falsified test results and violations of manufacturing rules. The company acknowledged that excessive pressure to meet short-term targets and cost reductions, combined with an inefficient management system, allowed these issues to persist. Nidec stated that the misconduct has no material impact on past financial statements and plans to correct past securities reports. It will implement reforms such as granting quality assurance managers authority to suspend shipments and launching quality audits. Disciplinary actions will follow based on the committee's findings.
Nidec CorporationQuality misconduct investigation reveals falsified test results and manufacturing violations, leading to reforms and disciplinary actions.
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