Nidec Restates Prior-Year Financials Over Excess Distributions; Shares Rise 4.79%

Nidec Corp. (NIB.F) disclosed on September 30, 2026, that dividends of surplus and share buybacks in prior fiscal years exceeded the distributable amount permitted under Japan's Companies Act and corporate accounting regulations, prompting a retrospective restatement of prior-year financial statements. The company submitted its Annual Securities Report for the fiscal year ended March 31, 2026, to the Kanto Local Finance Bureau. Nidec apologized to shareholders, investors and other stakeholders for the inconvenience and concern caused. Shares traded at 13.08 euros on the Frankfurt Exchange, up 4.79%.