GgoogleJP first seen 12 h ago, last 9 h ago, peak #1

Nideck posts 564.6 billion yen loss amid accounting scandal

Original: ニデック 株価

Japanese precision equipment maker Nideck is in turmoil after reporting a net loss of 564.6 billion yen linked to accounting irregularities. Auditors pointed to involvement by executives in false explanations, and the company's earnings were described by media as another failing grade. Its revamped board is now demanding the exit of top management, keeping the stock a focus for investors.

Why now: The massive loss, fraud findings and calls for leadership change are moving the share price and drawing wide attention in Japan.

NideckTokyo Stock ExchangeAsahi Shimbun

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Evidence

• ニデック決算また「落第」 監査法人が「虚偽説明の役員関与」と指摘 · 朝日新聞
• ニデック 5646億円の赤字 不正会計など 巨額の損失計上で · NHKニュース
• 経済プラス：ニデック、刷新の取締役会がトップ退陣要求 改革主導でも責任論 · 毎日新聞

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