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Nidec Apologizes After Probe Finds 844 Quality Control Misconduct Cases

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Sig4.17Sen-6.33Env-0.10Soc-2.97Gov-8.57

Nidec released findings from a company investigation identifying 844 misconduct cases related to quality controls over the past decade. CEO Mitsuya Kishida apologized to investors, group companies, customers and society, and said the firm is working to review and improve controls. Most cases involved unapproved changes to materials or manufacturing processes, with others involving faked tests and false labeling. The company said no safety problems or massive recalls were found.

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