Business · Companies · 2 hrs ago

Nidec faces calls for overhaul as delisting risk grows

Nidec faces calls for overhaul as delisting risk grows

Nidec, a Japanese motor maker, faces pressure to change as its business struggles.

New president Michio Kaida is being asked to improve performance and corporate culture.

Founder Shigenobu Nagamori remains a major shareholder.

The company faces the risk of being delisted, which would mean its shares could be removed from the stock exchange.

Investors are questioning whether Nidec can rebuild without help from outside the company.

The calls for change focus on both its business and its culture.

The sources do not say what steps Nidec will take next.

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