Nidec Corporation (NJDCY) Discusses Third-Party Committee Investigation Findings and Recommendations March 3, 2026 3:30 AM EST
Company Participants
Mitsuya Kishida – President, CEO, Chairman & Representative Director
Kazuo Nakagawa – VP & Deputy CFO
Masayuki Minai – VP, Chief Compliance Officer & Chief Human Resource Officer
Shigenobu Nagamori
Conference Call Participants
Kaku Hirao
Shoji Sato – Morgan Stanley, Research Division
Daiki Takayama – Goldman Sachs Group, Inc., Research Division
Manabu Akizuki – Nomura Securities Co. Ltd., Research Division
Yuki Furukawa
Takayuki Naitou – Citigroup Inc., Research Division
Conversation
Unknown Executive
Now we’d like to start the first press conference. From here on, this press conference will be moderated by the Third-Party Committee member. I will excuse myself here.
Unknown Attendee
Hello, everyone. My name is [ Misaki ], the assistant of the Third-Party Committee. I’d like to introduce to you our presenters today. Here are our presenters, Mr. Kaku Hirao, the Chairperson of the Committee; Mr. Toraki, a member of the Committee; and Mr. Makoto Shirai, another member of the committee.
First of all, Mr. Hirao, the Chairperson, will provide you with the result of the investigation, followed by the question-and-answer session. Mr. Hirao, please start your presentation. Thank you.
Kaku Hirao
Can you hear me okay? This is Kaku Hirao, the Chairperson of the Third-Party Committee established by the Nidec Corporation. I’m the attorney at law in charge of foreign law joint enterprise at Nishimura and Asahi law firm. Please take a look at the document outlined of the investigation report. Please take a look at the document in front of you.
This is a summary of our investigations. And based on that investigation, I would like to provide you with some verbal explanations as we go forward. Prior to launching the presentation, I’d like to let you know that the investigation by our committee are still
