Nidec Corporation told shareholders on September 15, 2026 that it has locked in the mechanism for a vote it has owed them for months: an extraordinary meeting covering the business report, financial statements and audit reports that a group-wide accounting scandal kept off the agenda at its annual meeting in June.
The board set September 30, 2026 as the record date, meaning only shareholders on the register as of that date's close will be entitled to vote whenever the meeting is finally convened. Nidec says it is considering holding the meeting within three months of that date, which would put it around the end of December 2026, though the company has not made that window a firm deadline.
Why a second meeting is needed
At Nidec's 53rd annual shareholders meeting on June 18, 2026, the company could not present its business report, consolidated financial statements, non-consolidated financial statements, or audit reports for the year, citing a series of accounting irregularities discovered within the group. Rather than delay the annual meeting indefinitely, Nidec pushed those reporting and approval items into a follow-up extraordinary meeting, a plan it first disclosed on May 13, 2026. This week's filing is the procedural next step: fixing who gets to vote, not yet fixing when or where the vote happens.
| Date | Event |
|---|---|
| May 13, 2026 | Nidec discloses plan for a follow-up extraordinary meeting to handle delayed reporting |
| June 18, 2026 | 53rd annual meeting held without business report, financial statements, or audit reports |
| September 15, 2026 | Board sets record date; says it is considering holding the meeting within three months |
| September 30, 2026 | Record date: shareholders on the register are entitled to vote |
| Around late December 2026 | Company is considering holding the extraordinary meeting by this point, per its stated three-month target window |
The gap matters for a company of Nidec's size. Since June, shareholders of the Tokyo Stock Exchange Prime-listed motor maker (ticker 6594) have gone without board-approved, audited financial statements for the fiscal year in question, a status the company itself has now twice flagged in formal notices.
What's still missing
Nidec has not announced the meeting's date, venue, or full agenda. The company says it will disclose those details "promptly" once the meeting is formally convened, and notice of the record date itself will run through electronic publication on its own website rather than a newspaper filing. For now, the disclosure confirms only that the delayed business report, consolidated and non-consolidated financial statements, and audit reports remain the intended items of business.
The underlying accounting irregularities are not detailed in this disclosure, and Nidec has not indicated what conclusions its auditors will reach when the reports are finally presented. Shareholders who want a say in that reckoning need only make sure they are on the register by September 30; everything else, including the date they will actually cast a vote, is still pending.