Nidec Corporation’s Logo at its office in Tokyo, Japan, September 9, 2026. REUTERS/Manami Yamada
TOKYO, Oct 27 : Japanese electric motor maker Nidec said on Tuesday it has decided to file a lawsuit for damages against several former executives including company founder Shigenobu Nagamori.
A committee report looking into Nidec’s accounting irregularities said this month Nagamori fostered a corporate culture that led to losses being deferred and improperly reflected in financial results.