Nidek considers postponing submission of semi-annual report due to delays in accounting process

On the 14th, major motor company Nidek (formerly Nidec), which was accused of accounting fraud, announced that it is considering postponing the submission of its semi-annual report for April to September 2026 to the Financial Services Agency. The decision was made that it would be difficult to submit the documents by the legal submission deadline of the 16th of this month because the accounting process is taking time.

According to Nidek, the correction of past year's accounting figures has been delayed from the original schedule at some locations, mainly in North America, and the process is taking time. Considering that the auditing firm's review will take time, the company plans to apply for an extension of the deadline until December 16th.

Nidek also plans to issue a revised report on its annual securities report for the fiscal year ending March 2026 as soon as it receives an appropriate opinion from an auditing firm. Although the initial figures for the April-September 2026 semi-annual report have not yet been approved, the company says it will submit the semi-annual report without waiting for this revised report in order to provide timely information to investors.