Nidec's MOEN Segment: Supplier Claims Settlement
Nidec recorded a ¥19.50 billion liability from settlement of claims from a supplier in its MOEN segment (Appliance, commercial and industrial products) .
Context:
The indemnification liability resulted from reaching an agreement with the supplier .
This case is within the scope of the Third-Party Committee investigation .
Impact:
This charge contributed to the significant difference between Nidec's preliminary performance values and actual financial results for the first quarter .