Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of Nidec Corporation shareholders due to allegations of materially misleading business information issued by the company [2][3]. Group 1: Investigation Details - The investigation is prompted by a significant drop in Nidec's stock price, which fell 22% following a report of accounting issues related to its management [4]. - Nidec's American Depositary Receipts (ADRs) experienced a decline of 22.7% on September 4, 2025, marking the largest one-day drop for the company [4]. Group 2: Class Action Information - Investors who purchased Nidec Corporation securities may be eligible for compensation through a class action lawsuit, with no upfront costs due to a contingency fee arrangement [3]. - Interested investors can join the prospective class action by submitting a form or contacting the law firm directly [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and consistently ranking among the top firms for securities class action settlements since 2013 [5]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [5].

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Nidec Corporation due to allegations of materially misleading business information [1] Group 1: Investigation Details - The investigation is prompted by a significant drop in Nidec's share price following allegations of improper accounting practices within its China unit [3] - On September 4, 2025, Nidec's American Depositary Receipts (ADRs) fell by 22.7%, marking the largest one-day decline for the company [3] Group 2: Class Action Information - Shareholders who purchased Nidec Corporation securities may be eligible for compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the Rosen Law Firm directly [2] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company [4] - The firm has consistently ranked among the top firms for securities class action settlements, recovering hundreds of millions of dollars for investors [4]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of Nidec Corporation shareholders due to allegations of materially misleading business information issued by the company [2][3]. Group 1: Investigation Details - The investigation is prompted by a significant drop in Nidec's stock price, which fell 22% following a report of accounting issues related to its management [4]. - Nidec's American Depositary Receipts (ADRs) experienced a 22.7% decline on September 4, 2025, marking the largest one-day drop for the company [4]. Group 2: Class Action Information - Investors who purchased Nidec Corporation securities may be eligible for compensation through a class action lawsuit without any upfront costs, as the Rosen Law Firm operates on a contingency fee basis [3]. - Interested investors can join the prospective class action by submitting a form or contacting the firm directly [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and consistently ranking among the top firms for securities class action settlements since 2013 [5]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [5].

Core Viewpoint - Nidec Corporation is under investigation for potential improper accounting practices, leading to significant stock price declines and investor losses [5][6][7][8]. Group 1: Investigation and Findings - On September 3, 2025, Nidec announced the establishment of a third-party committee to investigate suspicions of improper accounting, revealing documents suggesting management involvement in these practices [5]. - On September 26, 2025, Nidec disclosed further findings of inappropriate accounting, including discrepancies in customs value reporting, and received an audit report with a disclaimer of opinion from its auditor [6]. - On October 23, 2025, Nidec withdrew its year-end forecast and decided not to pay a surplus dividend due to ongoing investigations into accounting practices [7]. Group 2: Stock Price Impact - Following the initial announcement on September 4, 2025, Nidec's stock price fell by $0.81, or 16.5%, closing at $4.11 per share [5]. - After the September 26 disclosure, the stock price dropped by $0.29, or 6.6%, to close at $4.09 per share [6]. - On October 23, the stock price fell by $1.17, or 25.4%, closing at $3.43 due to the withdrawal of the year-end forecast [7]. - On October 27, the stock price further declined by $0.80, or 20.3%, closing at $3.15 after being designated under a Special Security alert by the Tokyo Stock Exchange [8][9]. Group 3: Regulatory Response - The Tokyo Stock Exchange designated Nidec under a Special Security alert, indicating the necessity for improvement in the company's internal management systems and identifying deficiencies in internal controls related to accounting and financial processes [8].

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Nidec Corporation due to allegations of materially misleading business information [1] Group 1: Investigation and Allegations - Nidec Corporation is facing scrutiny after a CNBC article reported a 22% drop in its shares following the announcement of a probe into improper accounting practices [3] - The investigation is linked to accounting issues tied to management within Nidec's China unit, marking the largest one-day decline for the company [3] Group 2: Class Action Details - Shareholders who purchased Nidec Corporation securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the law firm directly [2] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company [4] - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [4]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Nidec Corporation due to allegations of materially misleading business information [1][2]. Group 1: Investigation Details - The investigation follows a significant drop in Nidec's stock price, which fell 22.7% on September 4, 2025, after a CNBC article reported accounting issues tied to management in its China unit [3]. - The probe into Nidec's accounting practices marks the largest one-day decline in the company's shares [3]. Group 2: Class Action Information - Shareholders who purchased Nidec Corporation securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees or costs due to a contingency fee arrangement [2]. - Interested investors can join the prospective class action by submitting a form or contacting the Rosen Law Firm directly [2]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and consistently ranking among the top firms for securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [4].

Core Points - Nidec Corp. secured a ¥600 billion ($3.9 billion) credit line from MUFG Bank Ltd. and SMBC, alleviating liquidity concerns amid ongoing accounting investigations [1][4] - The credit line consists of two unsecured bilateral contracts of ¥300 billion each, valid for one year starting November 7, leading to a 5% rise in Nidec's stock [2] - Nidec's shares and bonds faced pressure after evidence emerged in September of senior executives' involvement in accounting issues, resulting in a downgrade of its long-term rating by Moody's from A3 to Baa1 [3][4] Financial and Market Impact - The commitment line agreement is expected to ease equity market concerns regarding Nidec's liquidity, separate from its existing unused borrowing framework [4] - Nidec was designated as a "security on special alert" by the Tokyo Stock Exchange, which could lead to a lengthy process to prove its internal management system's adequacy [5][6] - The company withdrew its annual profit guidance, canceled its share buyback program, and suspended its interim dividend for the fiscal year ending March 2026, marking its first midterm payout suspension in over 25 years [8]

Core Viewpoint - Glancy Prongay & Murray LLP has initiated an investigation into Nidec Corporation regarding potential violations of federal securities laws, specifically targeting investors who may have incurred losses [1] Company Investigation - The investigation is focused on Nidec Corporation (OTC: NJDCY) and aims to assess the company's compliance with federal securities regulations [1] - Investors who have lost money on Nidec Corporation are encouraged to inquire about pursuing claims to recover their losses [1]

Core Viewpoint - Nidec Corporation is under investigation for potential violations of federal securities laws, which may impact investor confidence and the company's reputation [1] Investigation Details - The investigation is initiated by the Law Offices of Frank R. Cruz on behalf of investors who may have suffered financial losses related to Nidec Corporation [1] - The investigation follows Nidec's disclosure on September 3, 2025, regarding the establishment of a third-party [1]

Core Viewpoint - Nidec Corp. faces significant challenges following its removal from the Nikkei 225 and Topix indexes due to an ongoing accounting scandal and internal control issues, leading to a sharp decline in its share price by 19% [1][2]. Company Overview - Nidec, a precision motor manufacturer founded by billionaire Shigenobu Nagamori, has been designated as a "security on special alert" by the Tokyo Stock Exchange due to lax internal controls and an investigation into accounting irregularities at a subsidiary [2][3]. - The company will be removed from the Nikkei 225 on November 5 and from the Topix index on November 4, with Ibiden set to replace it in the Nikkei 225 [2]. Investigation and Governance - An independent committee was formed by Nidec to investigate suspected improper accounting practices at a Chinese subsidiary, involving payments of 10 million yuan (approximately $1.4 million) [3]. - The company's auditor, PwC, did not express an opinion in its annual report for the fiscal year ending March 2025 due to insufficient audit evidence and highlighted potential significant impacts on consolidated financial statements from questionable accounting practices [4]. Market Reaction and Future Outlook - Following the announcement, Nidec's share price is expected to remain under pressure, with institutional investors likely to avoid holding the stock until a resolution is reached [6][7]. - Concerns are also raised regarding the future leadership of the company, as the founder, now 81 years old, has already passed the CEO role to Mitsuya Kishida amid succession planning [7].