Nidec Corporation
Notice Regarding Excess of Distributable Amount Due to Restatement of Prior Periods
It was discovered that the total amount of past retained earnings dividends and share buybacks exceeded the distributable amount under the Companies Act. A restatement has been made covering fiscal years 2022 through 2026. The notice includes an apology and outlines future responses.
Key Figures
- Breakdown of the total excess of distributable amount: Unknown
- Period covered: Fiscal years ended March 2022 through March 2026
- Breakdown of individual amounts (treasury stock acquisitions, retained earnings dividends, etc.): Unknown
AI要約
Overview
Today, the securities report for the fiscal year ended March 2026 was submitted to the Kanto Local Finance Bureau, and prior-period financial statements were restated. As a result, it was found that the total amount of past retained earnings dividends and treasury stock acquisitions exceeded the distributable amount under the Companies Act and the Company Accounting Regulations. Accordingly, the total amounts of share buybacks and dividends implemented in each fiscal year from the fiscal year ended March 2022 through the fiscal year ended March 2026 were found to have exceeded the distributable amount, and the company has apologized to shareholders and related parties.
Impact and Future Actions
The main text does not specify corrective measures or detailed future action plans for the excess amounts, but it is expected that appropriate corrective procedures and compliance with laws and regulations will be followed. From an IR perspective, timely disclosure and an apology have been issued, indicating an intent to ensure investors understand the scope of the financial adjustments.
Nidec Corporation
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