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Shareholder Sues Nidec Founder and Ex-President for ¥28.7B Damages

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Sig3.24Sen-3.00Env0.00Soc0.00Gov-3.66

Nidec said a shareholder derivative lawsuit was filed with the Kyoto District Court against founder Shigenobu Nagamori and former president Hiroshi Kobe, seeking about ¥28.7 billion in compensation for alleged illegality in 2022–23 share buybacks and interim dividends. The claim is that payouts exceeded the distributable amount under Japan’s Companies Act, and a 2023 report estimated the excess at about ¥28.8 billion.

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