{
  "id": 11205849,
  "title": "New President Vows to Maintain Listing of Embattled Nidec",
  "url": "https://urgent.news/2026/10/01/new-president-vows-to-maintain-listing-of-embattled-nidec",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-01T13:53:24.000Z",
  "source": {
    "name": "Nippon.com News",
    "slug": "nippon-com-news",
    "url": "https://www.nippon.com/en/news/yjj2026100100843/"
  },
  "original_language": "en",
  "account": "Kyoto, October 1 (Jiji Press) - Michio Kaida, the newly appointed president of Nidec Corp., a company plagued by scandal, has announced his commitment to keeping the company listed on the Tokyo Stock Exchange. During a press conference at the company's headquarters in Kyoto, Kaida emphasized that ensuring the listing is his top priority.\n\nAudit firm PwC Japan Group has not provided an opinion on Nidec's securities and internal control reports for the fiscal year 2025, which concluded in March of this year. Kaida assured that the company intends to address all outstanding issues by the end of October, in order to secure PwC Japan Group's opinion.\n\nExpressing regret for yet another change in top management, Kaida highlighted that his appointment followed the resignation of his predecessor, Mitsuya Kishida, who stepped down on Tuesday. Kishida had assumed the presidency of Nidec in 2024. The Tokyo Stock Exchange has designated Nidec's shares for special alert status since October 2025, a status that can only be lifted if the company submits an internal control-related report by the end of the current month.",
  "summary": "Kyoto, Oct. 1 (Jiji Press)--Michio Kaida, new president of scandal-hit major Japanese motor manufacturer Nidec Corp., pledged Thursday to maintain the company's listing on the Tokyo Stock Exchange. At a press conference held at the company's headquarters in the western city of Kyoto, Kaida said maintaining the listing is his \"mission.\" Audit company PwC Japan Group has withheld an opinion...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}