Nidec Securities Report Filing Extension Sought Amid Accounting Investigation

Nidec has requested additional time to submit its securities report for the fiscal year ending March 2026, announcing on June 29 that it has filed an application with the Kanto Local Finance Bureau for an extension of the statutory filing deadline. The company said the request is necessary because it requires more time to fully evaluate the impact of suspected inappropriate accounting practices and improper product handling on its financial statements. If regulators approve the application, the revised deadline for submitting the securities report will be September 30.

Reason for the Filing Deadline Extension

The filing extension request follows concerns related to suspected accounting irregularities together with issues involving improper handling of products. According to the company, additional examination is required to accurately determine how these matters may affect its financial results for the fiscal year. Rather than completing the filing before finishing its review, the company intends to ensure that all relevant findings are properly reflected before the securities report is submitted.

Independent Investigation Continues

Nidec stated that an investigation committee made up of external specialists was established in response to the product handling concerns. The committee is expected to complete its investigation by the end of August 2026. The findings will support the company's assessment of the overall financial impact and help ensure that the securities report accurately represents the results of its review before the final filing is made.

Expected Filing Timeline

Under normal requirements, securities reports must be filed within three months after the end of the applicable fiscal year. Because the ongoing investigation has not yet concluded, the company believes additional time is necessary before completing its disclosure obligations. Approval of the requested extension would move the filing deadline to September 30, allowing sufficient time to incorporate the investigation's conclusions into the final report.

Key Filing Timeline

Frequently Asked Questions

Why did Nidec request an extension for its securities report filing?
Nidec requested additional time because it needs to complete a comprehensive assessment of suspected accounting irregularities and improper product handling before finalizing its annual securities report. The company believes the ongoing investigation may affect its financial results, making a complete review essential before submission. If approved, the extension will allow the investigation committee to finish its work and enable the company to prepare a securities report that accurately reflects all relevant findings.

When is the investigation expected to conclude?
The investigation committee composed of external specialists is expected to complete its review by the end of August 2026, providing the basis for the company's final financial assessment. After the investigation concludes, Nidec plans to incorporate the findings into its securities report before filing it. Subject to regulatory approval of the extension request, the company expects to submit the completed report by the revised deadline of September 30.