Key takeaways
- Nidec appointed Michio Kaida as CEO after Mitsuya Kishida resigned Tuesday.
- The company reported impairment losses exceeding ¥630 billion for FY2026.
- Nidec is targeting an audit opinion by October as it resets operations.
Nidec has appointed Michio Kaida as its new chief executive officer as the Japanese electric motor maker works to restore financial reporting, strengthen operations, and redirect resources toward growth businesses. Kaida, the Nidec new CEO, took over on Tuesday after Mitsuya Kishida resigned.
The leadership change follows a difficult period for Nidec, which has been dealing with an accounting investigation, delayed financial statements, and significant impairment losses. The Nidec new CEO said the company’s immediate priority is to produce accurate financial statements and rebuild confidence in its business operations.
Nidec targets financial reporting and operational recovery
Kaida said Nidec is working with PwC Japan and aims to obtain an audit opinion in October. PwC Japan also said it remains in discussions with the company and is working toward issuing an opinion by the end of October.
PwC Japan previously issued a disclaimer of opinion on Nidec’s delayed financial statements after saying it lacked sufficient information to complete its assessment. The accounting review has added to the company’s operational challenges and contributed to changes in its leadership.
Nidec reported impairment losses exceeding ¥630 billion for the financial year ended March 2026. The figure is equivalent to about $4 billion.
Kaida said the company wants to return its focus to manufacturing, employee development, and product quality. He described rebuilding the company and restoring trust as key priorities in his new role.
Nidec’s governance has also faced scrutiny. The Tokyo Stock Exchange placed the company under a special alert in October 2025, giving it a period to improve its internal controls. The company’s latest management changes now come as it works to address these broader business challenges.
Nidec shifts focus toward growth businesses
Alongside efforts to improve financial reporting, Nidec plans to redirect resources toward businesses it sees as areas for future growth.
Kaida said the company will shift resources away from home appliance and automotive operations toward energy infrastructure, AI-related products, semiconductors, and machine tools.
The strategy reflects the changing demand across industrial technology markets. AI infrastructure and data centers require a wide range of motors, cooling systems, power equipment, and precision components. Semiconductor manufacturing also depends on highly precise machinery and motion control systems.
Nidec has long operated across several motor and industrial equipment businesses. The planned resource shift could change the company’s business mix as management focuses investment and capabilities on areas linked to industrial technology and infrastructure demand.
The leadership transition also comes as Nidec seeks to stabilize its financial position following the large impairment charges reported for FY2026. Restoring timely financial reporting will be an important step in giving investors and business partners clearer information about the company’s financial performance.
Kaida’s immediate agenda therefore combines financial reporting with operational restructuring. The company is working toward an audit opinion in October while reassessing where capital and resources should be deployed.
For Nidec, the next phase will center on completing its financial reporting, strengthening internal processes, and implementing its revised business priorities under the Nidec new CEO.
