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Nidec Announces a Request by a Shareholder to File an Action

August 05, 2026 at 21:53 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announced that it has received today a written request from an individual shareholder of the Company requesting an action be brought to pursue liability and other remedies pursuant to Article 847, Paragraph 1 of the Companies Act (hereinafter referred to as the “Request for Filing an Action”).

In the Request for Filing an Action, the individual shareholder requests that the Company file an action pursuing liability and other remedies against current and former directors, alleging instances of improper accounting and other matters.

As announced in the “Notice Regarding the Establishment of the Executive Responsibility Investigation Committee” dated March 13, 2026, the Company has established the Executive Responsibility Investigation Committee to examine whether current and former directors, auditors, and executive officers bear legal liability in connection with the instances of improper accounting, including whether they breached their duties in the execution of their responsibilities. Based on the report and recommendations of the Executive Responsibility Investigation Committee, we intend to determine whether to pursue claims for damages or other legal remedies and will promptly disclose our determination once it is made.