-

Nidec Announces its Win of Damages Case against Toyo Keizai Inc.

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has received a ruling in favor of the Company in the action that it instituted against Toyo Keizai Inc. (head office: 1-2-1 Nihonbashi, Hongokucho, Chuo-ku, Tokyo) and concerned individuals to the Tokyo District Court on October 24, 2022, demanding damages based on the defamation by the aforementioned parties.

In its ruling, the Tokyo District Court, citing, among other reasons, that Toyo Keizai Inc.’s reporting on the Company’s alleged act of insider trading is false, and that the coverage of the reporting was insufficient, found the reporting by Toyo Keizai Inc. did defame Nidec’s reputation, and ordered Toyo Keizai Inc. and concerned individuals to pay damages to the Company, and to remove the article in question.

This ruling makes it clear that Nidec properly acquired treasury stock in accordance with applicable laws and regulations, and that the Company is free of suspicions over insider trading.

Nidec stays committed to conducting business activities in accordance with applicable laws and regulations.

Contacts

Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Industry:

NIDEC CORPORATION

TOKYO:6594
Release Versions
English

Contacts

Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

More News From NIDEC CORPORATION

Nidec Announces Establishment of “Culture Transformation Lab”

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec,” the “Company,” or “we”) today announced the launch of the Culture Transformation Lab (the “Lab”), a new organization dedicated to the Company’s fundamental cultural transformation, effective February 01, 2026. 1. Background and Our Vision for Transformation Within the Nidec Corporate Reform Committee, which was established to formulate and execute improvement measures at an early stage to prevent recurrence,...

Nidec Announces Disclosure of the Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2026, Exceeding 45 Days After the Quarter-End

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) hereby announces that the scheduled disclosure date of the financial results for the third quarter of the fiscal year ending March 31, 2026, will exceed 45 days after the quarter-end, as detailed below. We sincerely apologize for any inconvenience and concern caused to our shareholders, investors, and other stakeholders. 1. Reason for the Delay in the Disclosure of the Financial Results As announced in...

Nidec Announces Disclosure of the Improvement Plan and the Status Report

KYOTO, Japan--(BUSINESS WIRE)--As disclosed in the “Notice Regarding Designation of Security on Special Alert by Tokyo Stock Exchange” dated October 28, 2025, the Tokyo Stock Exchange, Inc. (hereinafter the “Tokyo Stock Exchange”) designated the Company’s shares as Security on Special Alert on October 28, 2025, based on the determination by the Tokyo Stock Exchange that the Company’s internal management system, etc. was in great need of improvement. In response to this determination, as disclos...
Back to Newsroom