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GgoogleJP first seen 10 h ago, last 6 h ago, peak #1

Nideck posts 564.6 billion yen loss amid accounting scandal

Original: ニデック 株価

Japanese precision equipment maker Nideck is in turmoil after reporting a net loss of 564.6 billion yen linked to accounting irregularities. Auditors pointed to involvement by executives in false explanations, and the company's earnings were described by media as another failing grade. Its revamped board is now demanding the exit of top management, keeping the stock a focus for investors.

Why now: The massive loss, fraud findings and calls for leadership change are moving the share price and drawing wide attention in Japan.

NideckTokyo Stock ExchangeAsahi Shimbun

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