Nidec shares fell as much as 18 per cent on Monday following a report that the Japanese auto parts maker will book an impairment charge of ¥1tn ($6.3bn) and dismiss its boss as part of the fallout from one of Japan’s biggest accounting frauds.
September 29, 2026 - 15:12
By Pharos Investment Advisors Comments are Off
Nidec shares fell as much as 18 per cent on Monday following a report that the Japanese auto parts maker will book an impairment charge of ¥1tn ($6.3bn) and dismiss its boss as part of the fallout from one of Japan’s biggest accounting frauds.
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