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Japanese motor giant NIDEC released a statement disclosing that a preliminary inquiry has unearthed over 1,000 possible cases of misconduct within its ranks. Notably, 96.7% of these cases entail unauthorized alterations to materials, processes, and designs, conducted without customer approval, along with mishandling of test and inspection data. The sectors most severely impacted include home appliances, automotive, and IT businesses. At present, there are no issues that pose an immediate threat to product functionality or safety. Moreover, NIDEC is grappling with financial difficulties, as persistent financial irregularities across several branches have led to a staggering ¥160.7 billion reduction in net profit. This financial turmoil has subsequently hindered the company's ability to furnish fiscal year reports in a timely manner.
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