Engineering Co-op

Nidec has determined its director candidates for election at its 53rd Annual General Meeting scheduled for 18 June. The Japanese motor manufacturer is reshaping its board following a third-party committee report on improper accounting within the group. The board will comprise 11 directors, including three internal members led by CEO Mitsuya Kishida and eight outside independent directors. All candidates are newly nominated, marking a complete board refresh. Seven directors will retire upon expiration of their terms, with one resigning on the same date. The restructuring forms part of Nidec's corporate governance strengthening efforts. An Executive Responsibility Investigation Committee continues examining whether current and former directors bear legal liability for the accounting issues, with potential damages claims or legal measures to follow based on their recommendations.

Nidec Advance Technology joins the SATAS. Nidec Advance Technology Corporation ("Nidec Advance Technology" or "we") has announced today that it has joined the Semiconductor Assembly Test Automation and Standardization Research Association (SATAS). The SATAS is a research and development union established in April 2024 for the purposes of realizing and implementing labor reduction, automation, and standardization of the packaging, assembly, and inspection processes (downstream processes) of semiconductor manufacturing. With its membership including semiconductor manufacturers, semiconductor production equipment manufacturers, and other organizations, the SATAS promotes, among others, the establishment of open industry-wide standard specifications, the development and mounting of equipment, and the operation verification of devices on integrated pilot lines. In addition, the SATAS engages in the "research and development of the development and verification of automating and standardizing semiconductors' downstream processes," which is an important national business adopted as a "Research and Development of Enhanced Infrastructures for Post 5G Information Communication Systems/Development of Advanced Semiconductor Manufacturing Technology" of the New Energy and Industrial Technology Development Organization (NEDO). Future prospect As technological demand grows for the further refinement and sophisticated packaging of semiconductors, automating and standardizing downstream processes is an urgent issue for the entire industry. By making maximum use of its decadeslong track record and high-level expertise in the semiconductor package inspection equipment business, Nidec Advance Technology is poised to engage in the SATAS's R&D activities to contribute to establishing industry-wide standards. We will stay dedicated to constant technological development for the further development of the semiconductor industry. Topics. Nidec is the world's leading comprehensive motor manufacturer, specializing in "everything that spins and moves," with a strong focus on the motor business. Nidec's extensive product lineup, which ranges from small precision motors to ultra-large motors, leverages the technological capabilities of its approximately 340 group companies across 46 countries. These products are used in various fields, including IT equipment, automobiles, motorcycles, commerce, and industry. We remain dedicated to providing the world with indispensable products and solutions at an overwhelming speed, utilizing technologies aimed at lightness, thinness, shortness, compactness, and efficiency.

Nidec, facing accounting misconduct allegations, excludes President Kishida from nomination committee for director candidates to ensure fairness. 2026/3/27 11:00. Motor giant Nidec announced on the 27th that it removed President and CEO Mitsuya Kishida from the nomination committee for selecting director candidates as of the 26th. This appears to be part of measures in response to an accounting misconduct issue. Ahead of the regular shareholders' meeting, the company restructured the nomination committee to consist solely of four outside directors, aiming to ensure fairness and objectivity in candidate nominations. The policy for appointing directors and criteria for appointment/dismissal will also be revised effective April 1, emphasizing high ethical standards, compliance awareness, neutral judgment, along with expertise in corporate management and accounting. An investigation report by a third-party committee on the accounting misconduct, disclosed on the 3rd, highlighted dysfunction within the board of directors. The report pointed out issues such as the prolonged lack of sharing with the board about a project addressing the 'negative legacy' arising from the accounting misconduct. It also noted that concerns about strong performance pressure from headquarters executives as a root cause were not sufficiently communicated to outside directors, making the rebuilding of oversight functions a challenge.