Nidec Corporation
Notice Regarding Establishment and Operational Status of Internal Control System
Reports progress of internal control reforms following designation as a special attention stock. Corrective measures across multiple areas are listed, including cultural reform, strengthening internal controls, trade compliance, measures against quality misconduct, organizational restructuring and enhanced training, with a continuous corrective plan toward the fiscal year ending March 2027.
Key Figures
- Progress on voluntary declaration/payment of additional duties in the FIR matter: Estimated up to 70.7 million USD (approx. 10.67 hundred million yen), voluntary declaration to CBP completed as of August 2026
- Number of U.S. sites subject to investigation: 7 sites including NMC and NGANA, accounting for approximately 94% of the total
- Strengthening of accounting functions for fiscal 2026: Increase consolidated closing group headcount by about 5–6 people, continue utilizing external specialists, consider introduction of EPM tools
AI要約
Background and Overview of Reforms
This report summarizes the establishment and operational status of the internal control system following the designation as a special attention stock. Since the revised improvement plan, reforms to organizational culture, systems and processes have been continuously implemented. Efforts are being advanced centered on responses to inappropriate accounting treatments and quality misconduct based on the third-party committee's findings, strengthening internal controls, education and awareness-raising, improvement of whistleblowing systems, and reconstruction of group governance. The company plans to continue implementing measures through the fiscal year ending March 2027 and aims to submit amended reports and related documents.
Key Issues Going Forward and Progress
The document details progress of cross-organizational corrective measures such as continued cultural reform, strengthening NIAP operations, proper budget vs. actual management, reinforcement of internal audit functions, enhanced oversight of quality assurance, strengthened whistleblowing response, stricter disciplinary measures, and review of appointment and remuneration processes for directors and executive officers. Emphasis is placed on strengthening governance through company-wide rule dissemination, use of external experts, and enhancing the function of outside directors.
Nidec Corporation
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