Nidec Corporation

6594.T
Specialty Industrial Machinery
2026/03/02 Updated
Market Cap: $18.1B (¥2.8T)
Stock Price: $15.78 (¥2,462)
Exchange Rate: 1 USD = ¥156.01

Notice Regarding Honorary Chairman’s Resignation

Founder Shigenobu Nagamori announced his decision to resign as honorary chairman effective February 26, 2026, fully withdrawing from management.

Importance:
Page Updated: February 26, 2026
IR Disclosure Date: February 26, 2026

Key Figures

  • Resignation Date: 2026年2月26日
  • Age of Shigenobu Nagamori: 81 years old
  • Founded Year: 1973

AI要約

Overview of the Honorary Chairman’s Resignation

Shigenobu Nagamori, founder of Nidek Co., Ltd., resigned from the honorary chairman position effective February 26, 2026, in accordance with his wishes. Mr. Nagamori had already stepped down from executive roles, including representative director, as of December 19 last year. With this resignation, he has decisively withdrawn entirely from Nidek both in title and substance. Mr. Nagamori has concluded 50 years of management responsibilities and declared entrusting the company’s leadership to the next generation.

Background of the Resignation and Future Outlook

Mr. Nagamori expressed his intention to step down honorably in light of the Tokyo Stock Exchange’s designation of the company as a special attention stock and allegations related to improper accounting, thereby promoting the revitalization of the new Nidek. He hopes his resignation will serve as a 'blank canvas' for the next generation and stated his focus will shift towards human resource development. He called on investors for continued unwavering support of the revitalized Nidek.

This page uses AI to summarize IR materials from TDnet. Please refer to the original document for investment decisions.