Nidec Third-Party Committee Investigation: Scope and Timeline
Nidec established a Third-Party Committee to investigate accounting issues and quality control violations .
Scope:
Cases of improper bookkeeping at subsidiaries in Italy, Switzerland, and China
Quality control changes made without customer approval
Automotive electric-motor inverter business irregularities
Financial Impact:
The Third-Party Committee investigation may identify further misstatements on amount, timing of recognition, and notes