Nidec may miss month-end audit opinion deadline, Nikkei reports
Nidec is unlikely to obtain an audit opinion by month-end, Nikkei reported, as its listing is at risk over suspected accounting irregularities.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Reuters, citing the Nikkei business daily, Nidec will probably be unable to get an auditor's opinion on its securities report before the month ends. PwC Japan has reportedly warned that the review could slip past the deadline. Even so, the Kyoto-based electric motor producer plans to file internal control documents with the exchange on time, without that opinion, and is asking for a quick review of its listing status.
On Tuesday Nidec said it would take legal action against its founder, Shigenobu Nagamori, and eight former executives, seeking compensation over suspected accounting misconduct. The suspicions have put the company's listing in jeopardy. After the report, the shares briefly dropped as much as 7.7% on Wednesday, then recovered part of the losses and were up 1% in afternoon trading.
why it matters
The main risk for investors is possible delisting if the exchange judges the internal control fixes insufficient. A PwC Japan spokesperson said it could not comment because the report was not based on a company announcement, so the information is not yet officially confirmed.
market impact
Nidec shares: audit delay and listing risk weigh on the stock
- Nidec shares pressure down — audit delay and listing risk weigh on investor sentiment
tags
instruments
sources
- Japan's Nidec likely to miss audit opinion by month-end, Nikkei says — Reuters, 28 October 2026 at 05:23 UTC
- Japan's Nidec likely to miss month-end deadline on audit, Nikkei says — Reuters, 28 October 2026 at 06:04 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗