Nidec’s New Quality-Fraud Scare Hits After Accounting Crisis — And Investors Have One Big Question
Nidec is preparing to launch an external legal investigation into suspected quality fraud involving motor parts, with more than 1,000 design-change cases reported by Nikkei. The news broke after Nidec shares closed up 2.9% at a year-to-date high, as the company remains under Tokyo Stock Exchange scrutiny and faces a 91.2 million yen penalty for conduct violations.
