Nidec shares sink after ¥564.62 billion annual loss tied to ¥632 billion impairment

Nidec reported a large annual net loss driven by a ¥632bn impairment tied to EV motor weakness and intensified China appliance-motor competition, alongside ongoing accounting-control concerns and delisting risk. The stock's sharp drop highlights potential spillover to Japan industrial/automation sentiment and raises focus on credit-rating implications, even as underlying operating demand may be less impaired than headline losses suggest.