Key facts
- Nidec plans to sue founder Shigenobu Nagamori and eight other former executives.
- The lawsuit stems from alleged improper accounting practices and dereliction of duty.
- The company will determine the damages sought after correcting past financial statements.
- The decision follows a report from an executive liability investigation committee.
Nidec Corporation, the Kyoto-based electric motor maker, announced on Tuesday, October 27, 2026, that it intends to file a lawsuit seeking damages from its founder, Shigenobu Nagamori, and eight other former executives. The company stated that these individuals are suspected of engaging in improper accounting practices and dereliction of duty. The decision to pursue legal action is based on findings from an executive liability investigation committee, which was established in response to the discovery of accounting irregularities. Nidec will determine the specific amount of damages to be sought after it completes the correction of its past financial statements. The company has delegated authority regarding the lawsuit to attorneys who served on the investigation committee.