(March 3): Nidec Corp said it may book up to ¥250 billion (US$1.6 billion or RM6.26 billion) in impairment charges as the world’s largest manufacturer of precision motors looks to tally the cost of an accounting scandal that’s seen its founder effectively cut ties with the company. Nidec also warned there could be additional charges that would impact its past financial results. A third-party investigation into suspected accounting irregularities is ongoing, the company said Tuesday, without disclosing a timeline for the release of its revised financial reports. As the scandal grew, so did the fallout: the company delayed financial results, had its credit rating downgraded and is at risk of being delisted. The cases have bogged down auditors assessing the company’s finances, delaying the submission of its financial results and seeing Moody’s Ratings downgrading the company’s debt three levels to junk.

Source: The Edge Markets March 03, 2026 07:55 UTC