Nidec Warns of $1.6 Billion in Charges From Accounting Scandal

Nidec Corp. said it may book up to ¥250 billion ($1.6 billion) in impairment charges as the world’s largest manufacturer of precision motors looks to tally the cost of an...

By Nicholas Takahashi · Bloomberg Markets

Nidec Corp. said it may book up to ¥250 billion ($1.6 billion) in impairment charges as the world’s largest manufacturer of precision motors looks to tally the cost of an accounting scandal that’s seen its founder effectively cut ties with the company.