Nidec faces shareholder derivative suit seeking JPY 28.73 billion over share buybacks, dividend

Reuters2026/09/10 06:47

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Nidec received notice of a shareholder derivative lawsuit filed Sept. 9, 2026 at the Kyoto District Court against two former directors.
The suit alleges illegal treasury-share buybacks and a dividend that exceeded distributable amounts under Japanese corporate rules.
It seeks JPY 28.73 billion in damages plus delinquency charges from Shigenobu Nagamori and Hiroshi Kobe.
Nidec expects no impact on business performance since the claim targets former directors personally, not the company.
The company plans to assess its response using findings from an executive responsibility investigation tied to suspected inappropriate accounting practices.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nidec Corporation published the original content used to generate this news brief on September 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nidec faces shareholder derivative suit seeking JPY 28.73 billion over share buybacks, dividend

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