Nidec Corporation shares plunged 18% following reports of a ¥1 trillion impairment loss and the dismissal of its CEO. On September 29, Mitsuya Kishida resigned as Representative Director and President CEO, prompting the Board of Directors to hold an extraordinary meeting to appoint a successor. Additionally, the company is reportedly in talks to sell its components unit to the Carlyle Group for approximately $636 million. These events mark a significant period of leadership restructuring and financial adjustment for the manufacturer.
