Nidec comments on Toyo Keizai Online’s article published in October

Nidec comments on Toyo Keizai Online’s article published in October

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KYOTO, Japan, October 24, 2022 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) NJDCY (“Nidec” or the “Company”) noted today that Toyo Keizai Online published an article on October 24, 2022, which, following its October 7, 2022 article, raises doubts that Nidec used improper processing when acquiring its own shares performs.

After receiving an inquiry letter from Toyo Keizai Inc. regarding the matter in question on October 20, 2022, the company replied on the same day that the claim was based on an error. The latest report from Toyo Keizai Inc. is not based on the answer.

We do not accept Toyo Keizai Inc.’s repeated reporting defaming Nidec’s honor and the Company is preparing legal action, including a lawsuit, against Toyo Keizai Inc.

Nidec will promptly provide any new information for public release regarding the above matter.

Contact:
Masahiro Nagayasu
general manager
Investor Relations
+81-75-935-6140
[email protected]



Read full story here https://www.benzinga.com/pressreleases/22/10/g29371824/nidec-comments-on-toyo-keizai-onlines-article-published-on-october-24-2022

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