Nidec Corporation Faces Scrutiny Over Suspected Accounting Irregularities
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Nidec Corporation is under investigation for suspected accounting irregularities, leading to its stock being placed on special alert by the Tokyo Stock Exchange. Founder Shigenobu Nagamori has resigned as Chairman, becoming Chairman Emeritus, with President and CEO Mr. Kishida now leading management and reform efforts. A third-party committee has been established to investigate the matter.
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