Nidec halts interim dividend, revises forecasts amid accounting probe

Nidec Corporation has announced its board of directors resolved not to pay an interim dividend for September 30, 2025, a change from the previous forecast of JPY 20.00 per share. The company also stated that the year-end dividend forecast and consolidated financial performance forecasts for the fiscal year ending March 31, 2026, remain undetermined. Nidec apologized for the concern caused to stakeholders.

These decisions are directly linked to ongoing investigations by a third-party committee into suspected inappropriate accounting practices within Nidec and its group, as well as other internal inquiries. Should material misstatements be identified, Nidec intends to amend previous financial statements.

In a related announcement, Nidec discontinued its share repurchase program, originally authorized on May 27, 2025, ceasing purchases from October 23, 2025. The company stated it did not repurchase any shares during the period from May 28, 2025, to October 23, 2025, largely due to holding material non-public information and the confirmation of events related to the ongoing investigations.