Nidec said on the 15th that it is considering holding an extraordinary shareholders meeting within the year. In response to accounting and quality fraud issues, the company will report and seek approval for its fiscal 2025 business and consolidated financial statements and audit reports, which were not put to a vote at this June's ordinary general meeting. At the board meeting held the same day, it was resolved to set September 30 as the record date necessary for convening the extraordinary shareholders meeting. Shareholders listed in the shareholder registry as of that date will be entitled to exercise voting rights, and the meeting will be held within three months. The detailed schedule and venue will be announced at a later date.
Nidec CorporationNidec faces accounting and quality fraud issues, forcing an extraordinary shareholders meeting to seek approval of fiscal 2025 statements and audit reports not voted on at the June ordinary meeting.
