{"success":true,"data":{"pressRelease":{"id":"156905","rtpr_id":"nBw3mMrgXa-20260930","ticker":"6594","exchange":"TSE Tokyo","all_tickers":["6594"],"title":"Nidec Announces the Record of Impairment Losses on Non-Financial Assets, Provisions for Loss of Contract, Liabilities Related to the Settlement of Claims From Suppliers and Special Investigation and Related Expenses","author":"Business Wire","published_at":"2026-09-30T13:29:00.126Z","article_body":"Nidec Announces the Record of Impairment Losses on Non-Financial Assets,\nProvisions for Loss of Contract, Liabilities Related to the Settlement of\nClaims From Suppliers and Special Investigation and Related Expenses\n\nAs announced in “Notice regarding the record of provisions for loss on\ncontract, impairment losses on nonfinancial assets, and liabilities related to\nthe settlement of claims from suppliers” dated November 14, 2025, Nidec\nCorporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) had recorded\nimpairment losses on nonfinancial assets, provisions for loss of contract and\nliabilities related to the settlement of claims from suppliers in the first\nand second quarters of the fiscal year ended March 2026. The Company hereby\nannounces additional record of impairment losses on non-financial assets,\nprovisions for loss of contract and liabilities related to the settlement of\nclaims from suppliers, and new record of special investigation and related\nexpenses, as outlined below.\n\nThe Company sincerely apologizes for any inconvenience and concern this may\ncause to our shareholders, investors and other stakeholders.\n\n1. The record of impairment losses on non-financial assets, provisions for\nloss of contract, liabilities related to the settlement of claims from\nsuppliers and special investigation and related expenses\n\n(1) Impairment losses on non-financial assets\n\nAs a result of evaluating the future recoverability of certain assets\nincluding goodwill, the Company recorded impairment losses of ¥1,935 million\nin SPMS segment (Hard disk drives spindle motors and other small precision\nmotors), ¥18,387 million in AMEC segment (Automotive products), ¥298,800\nmillion in ACIM segment (Appliance, commercial and industrial products),\n¥116,287 million in MOEN segment (Appliance, commercial and industrial\nproducts), ¥7,027 million in Nidec Machinery and Automation segment\n(Machinery, machine tools) and ¥189,699 million in Group Company Business\nsegment, totaling ¥632,135 million.\n\n(2) Provisions for loss of contract\n\nIn AMEC segment (Automotive products), based on contracts with customers, as\nthe unavoidable costs of meeting the obligations under the contracts exceed\nthe economic benefits expected to be received under them, the Company recorded\nprovisions for loss of contract of ¥22,496 million.\n\n(3) Liabilities related to the settlement of claims from suppliers\n\nRegarding the reimbursement claims from supplier, the Company has recorded\nindemnification liability of ¥4,207 million as a result of reaching an\nagreement with the supplier in the MOEN segment (Appliance, commercial and\nindustrial products).\n\n(4) Special investigation and related expenses\n\nAs announced in “Notice Regarding Recording of Extraordinary Losses and\nGains in Non-Consolidated Financial Results” dated today, expenses incurred\nfor the investigations into this series of issues and the subsequent review of\nfinancial statements were recorded as extraordinary losses as “Special\ninvestigations and related expenses” of ¥30,522 million.\n\n2. Future outlook\n\nThe impairment losses on non-financial assets, provisions for loss of\ncontract, liabilities related to the settlement of claims from suppliers and\nspecial investigation and related expenses have been reflected in the Annual\nSecurities Report for the Fiscal Year Ended March 31, 2026, and the Financial\nStatements Summary for the Year Ended March 31, 2026 [IFRS] (Consolidated),\nboth disclosed today.\n\nThe Company also will make a disclosure promptly if any matters requiring\ndisclosure arise in the future.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260930616637/en/\n(https://www.businesswire.com/news/home/20260930616637/en/)\n\nTeruaki Urago\n\nGeneral Manager\n\nInvestor Relations\n\n+81-75-935-6140\n\nir@nidec.com (mailto:ir@nidec.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw3mMrgXa-20260930","title":"Nidec Announces the Record of Impairment Losses on Non-Financial Assets, Provisions for Loss of Contract, Liabilities Related to the Settlement of Claims From Suppliers and Special Investigation and Related Expenses","author":"Business Wire","ticker":"6594","created":"2026-09-30T13:29:00.126Z","tickers":["6594"],"exchange":"TSE Tokyo","article_body":"Nidec Announces the Record of Impairment Losses on Non-Financial Assets,\nProvisions for Loss of Contract, Liabilities Related to the Settlement of\nClaims From Suppliers and Special Investigation and Related Expenses\n\nAs announced in “Notice regarding the record of provisions for loss on\ncontract, impairment losses on nonfinancial assets, and liabilities related to\nthe settlement of claims from suppliers” dated November 14, 2025, Nidec\nCorporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) had recorded\nimpairment losses on nonfinancial assets, provisions for loss of contract and\nliabilities related to the settlement of claims from suppliers in the first\nand second quarters of the fiscal year ended March 2026. The Company hereby\nannounces additional record of impairment losses on non-financial assets,\nprovisions for loss of contract and liabilities related to the settlement of\nclaims from suppliers, and new record of special investigation and related\nexpenses, as outlined below.\n\nThe Company sincerely apologizes for any inconvenience and concern this may\ncause to our shareholders, investors and other stakeholders.\n\n1. The record of impairment losses on non-financial assets, provisions for\nloss of contract, liabilities related to the settlement of claims from\nsuppliers and special investigation and related expenses\n\n(1) Impairment losses on non-financial assets\n\nAs a result of evaluating the future recoverability of certain assets\nincluding goodwill, the Company recorded impairment losses of ¥1,935 million\nin SPMS segment (Hard disk drives spindle motors and other small precision\nmotors), ¥18,387 million in AMEC segment (Automotive products), ¥298,800\nmillion in ACIM segment (Appliance, commercial and industrial products),\n¥116,287 million in MOEN segment (Appliance, commercial and industrial\nproducts), ¥7,027 million in Nidec Machinery and Automation segment\n(Machinery, machine tools) and ¥189,699 million in Group Company Business\nsegment, totaling ¥632,135 million.\n\n(2) Provisions for loss of contract\n\nIn AMEC segment (Automotive products), based on contracts with customers, as\nthe unavoidable costs of meeting the obligations under the contracts exceed\nthe economic benefits expected to be received under them, the Company recorded\nprovisions for loss of contract of ¥22,496 million.\n\n(3) Liabilities related to the settlement of claims from suppliers\n\nRegarding the reimbursement claims from supplier, the Company has recorded\nindemnification liability of ¥4,207 million as a result of reaching an\nagreement with the supplier in the MOEN segment (Appliance, commercial and\nindustrial products).\n\n(4) Special investigation and related expenses\n\nAs announced in “Notice Regarding Recording of Extraordinary Losses and\nGains in Non-Consolidated Financial Results” dated today, expenses incurred\nfor the investigations into this series of issues and the subsequent review of\nfinancial statements were recorded as extraordinary losses as “Special\ninvestigations and related expenses” of ¥30,522 million.\n\n2. Future outlook\n\nThe impairment losses on non-financial assets, provisions for loss of\ncontract, liabilities related to the settlement of claims from suppliers and\nspecial investigation and related expenses have been reflected in the Annual\nSecurities Report for the Fiscal Year Ended March 31, 2026, and the Financial\nStatements Summary for the Year Ended March 31, 2026 [IFRS] (Consolidated),\nboth disclosed today.\n\nThe Company also will make a disclosure promptly if any matters requiring\ndisclosure arise in the future.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260930616637/en/\n(https://www.businesswire.com/news/home/20260930616637/en/)\n\nTeruaki Urago\n\nGeneral Manager\n\nInvestor Relations\n\n+81-75-935-6140\n\nir@nidec.com (mailto:ir@nidec.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-30T13:29:00.159657385Z","server_sent_at_ms":1790774940159},"received_at":"2026-09-30T13:29:00.210Z","source_url":"https://www.businesswire.com/news/home/20260930616637/en/"},"analysis":{"id":"145581","press_release_id":"156905","analysis_json":{"industry":{"label":"Electrical Equipment","sector":"Industrials"},"redFlags":["Massive ¥632 billion impairment total spanning nearly every segment, including ¥189.7 billion in Group Company Business","¥30.5 billion in special investigation expenses signals unresolved accounting/governance issues","Loss-of-contract provisions indicate onerous customer contracts in the automotive business","Second round of charges following the November 14, 2025 initial disclosure — risk of further additions"],"eventType":"restructuring","narrative":"Nidec announced an additional ¥632.1 billion in impairment losses across its SPMS, AMEC, ACIM, MOEN, Machinery and Group Company Business segments, with the ACIM segment alone accounting for ¥298.8 billion.\n\nBeyond the impairments, the company recorded ¥22.5 billion in loss-of-contract provisions in its automotive segment, ¥4.2 billion in supplier settlement liabilities, and ¥30.5 billion in special investigation and related expenses tied to a series of accounting issues.\n\nAll charges are reflected in the annual securities report and consolidated financial statements for the fiscal year ended March 31, 2026, disclosed the same day; the scale of write-downs and ongoing investigation costs point to deep structural and governance problems.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Nidec books ~¥632B in impairments plus ¥30B in investigation costs — accounting-scandal charges now harden into the FY2026 financials."},"keyFigures":{"customDimensions":{"impairment_acim_yen":298800000000,"impairment_amec_yen":18387000000,"impairment_moen_yen":116287000000,"impairment_spms_yen":1935000000,"impairment_machinery_yen":7027000000,"total_impairment_losses_yen":632135000000,"impairment_group_company_yen":189699000000,"supplier_indemnification_yen":4207000000,"loss_of_contract_provisions_yen":22496000000,"special_investigation_expenses_yen":30522000000}},"quotedText":"The Company sincerely apologizes for any inconvenience and concern this may cause to our shareholders, investors and other stakeholders.","namedEntities":{"people":[{"name":"Teruaki Urago","role":"General Manager, Investor Relations"}],"products":["Hard disk drive spindle motors","Automotive products","Appliance, commercial and industrial products","Machinery, machine tools"],"companies":[{"name":"Nidec Corporation","ticker":"6594","relationship":"issuer"}],"dollarAmounts":[{"amount":"¥632,135 million","context":"total impairment losses on non-financial assets"},{"amount":"¥298,800 million","context":"impairment in ACIM segment"},{"amount":"¥189,699 million","context":"impairment in Group Company Business segment"},{"amount":"¥116,287 million","context":"impairment in MOEN segment"},{"amount":"¥22,496 million","context":"provisions for loss of contract, AMEC segment"},{"amount":"¥4,207 million","context":"supplier settlement indemnification liability"},{"amount":"¥30,522 million","context":"special investigation and related expenses"}]},"materialImpact":{"score":5,"reasoning":"Nidec recorded ¥632,135 million (~$4B+) in aggregate impairment losses across most segments, plus ¥22,496 million loss-of-contract provisions, ¥4,207 million supplier indemnification, and ¥30,522 million in special investigation expenses — an extraordinarily large charge bundle tied to accounting investigations."},"tickerRelevance":{"others":[],"primary":"6594"},"globalImportance":55,"audienceRelevance":35,"eventTypeSecondary":["legal_litigation"],"importanceComponents":{"tickerTier":"large-cap-japan","eventGravity":"mega-impairment-plus-accounting-investigation","issuerAuthored":true,"chargeSizeUsdApprox":">$4B"}},"event_type":"restructuring","event_type_secondary":["legal_litigation"],"sentiment":"bearish","material_impact_score":5,"narrative":"Nidec announced an additional ¥632.1 billion in impairment losses across its SPMS, AMEC, ACIM, MOEN, Machinery and Group Company Business segments, with the ACIM segment alone accounting for ¥298.8 billion.\n\nBeyond the impairments, the company recorded ¥22.5 billion in loss-of-contract provisions in its automotive segment, ¥4.2 billion in supplier settlement liabilities, and ¥30.5 billion in special investigation and related expenses tied to a series of accounting issues.\n\nAll charges are reflected in the annual securities report and consolidated financial statements for the fiscal year ended March 31, 2026, disclosed the same day; the scale of write-downs and ongoing investigation costs point to deep structural and governance problems.","key_figures":{"customDimensions":{"impairment_acim_yen":298800000000,"impairment_amec_yen":18387000000,"impairment_moen_yen":116287000000,"impairment_spms_yen":1935000000,"impairment_machinery_yen":7027000000,"total_impairment_losses_yen":632135000000,"impairment_group_company_yen":189699000000,"supplier_indemnification_yen":4207000000,"loss_of_contract_provisions_yen":22496000000,"special_investigation_expenses_yen":30522000000}},"named_entities":{"people":[{"name":"Teruaki Urago","role":"General Manager, Investor Relations"}],"products":["Hard disk drive spindle motors","Automotive products","Appliance, commercial and industrial products","Machinery, machine tools"],"companies":[{"name":"Nidec Corporation","ticker":"6594","relationship":"issuer"}],"dollarAmounts":[{"amount":"¥632,135 million","context":"total impairment losses on non-financial assets"},{"amount":"¥298,800 million","context":"impairment in ACIM segment"},{"amount":"¥189,699 million","context":"impairment in Group Company Business segment"},{"amount":"¥116,287 million","context":"impairment in MOEN segment"},{"amount":"¥22,496 million","context":"provisions for loss of contract, AMEC segment"},{"amount":"¥4,207 million","context":"supplier settlement indemnification liability"},{"amount":"¥30,522 million","context":"special investigation and related expenses"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T13:29:09.600Z","global_importance":55,"audience_relevance":35,"importance_components":{"tickerTier":"large-cap-japan","eventGravity":"mega-impairment-plus-accounting-investigation","issuerAuthored":true,"chargeSizeUsdApprox":">$4B"}},"durationMs":9375,"modelName":"glm-5.3-flashx"}}