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NIDEC CORPORATION ranks second in rising sell predictions among individual investors on Minkabu
NIDEC CORPORATION <6594> ranked second in retail investor sell predictions as of 2:00 p.m. on May 13, according to Minkabu’s latest 48-hour sentiment data.
The spike in bearish sentiment follows a Nikkei report on the evening of May 12 alleging widespread quality irregularities at the motor manufacturer. According to the report, Nidec is suspected of falsifying inspection data and making unauthorized design changes to more than 1,000 cases involving home appliance motors and automotive components.
While Nidec stated it did not initiate the announcement, the company confirmed that a comprehensive quality inspection identified "inappropriate conduct," including unauthorized changes to materials, processes, and designs without customer consent. The company maintained that no immediate safety or functional defects have been confirmed at this stage.
Nidec shares were hit by heavy selling on May 13, briefly plunging to their daily limit-low of 2,329 yen. Around midday, the company announced the establishment of an external investigation committee, which is expected to conclude its probe by the end of August.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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