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StocksMediumUpdated•Originally published 30 September 2026•Updated 30 September 2026•
1 min read

Nidec Admits Dividends Exceeded Legal Limits Due to Accounting Errors

Key Facts

1Nidec submitted its Annual Security Report for the fiscal year ended March 31, 2026, retrospectively restating financial statements of prior years.
2The company discovered that the total amount of past dividends and share repurchases exceeded legally distributable amounts due to the restatements.

Nidec Corporation submitted its Annual Security Report for the fiscal year ended March 31, 2026, which included retrospective restatements of its financial statements for prior years. The company stated in a Business Wire release that it discovered the total amount of past dividends and share repurchases exceeded legally distributable limits as a result of these corrections.

Nidec stock, trading under the ticker 6594.T, closed at 2,250 yen on September 29, 2026. During that session, the stock reached a high of 2,287 yen and a low of 2,170 yen, with the admission of insufficient distributable surplus adding further regulatory and accounting complexity to the firm's position.

Latest Updates · 1

  1. Notable·

    Update: Nidec recorded extraordinary losses and gains in its non-consolidated financial results for the fiscal year ended March 31, 2026. The company confirmed these items resulted from the discovery of suspected improper accounting practices affecting its financial reporting for that period.