Oasis Management Company Ltd. is urging Nidec Corporation's Board of Directors to promptly begin a preliminary review of privatization options, calling on the company's outside directors to independently engage financial advisers and solicit preliminary, non-binding proposals from strategic buyers and private equity firms in Japan and overseas. The activist shareholder said it was deeply disappointed by Nidec's recent disclosures, after the securities report filed by Nidec on September 30 included a disclaimer of opinion from the independent auditor, citing findings that certain officers and employees who participated in, directed, or had knowledge of improper accounting practices, or who provided false explanations to the independent auditor, continue to hold positions of responsibility within the financial reporting process. Oasis warned that Nidec's board must confront the risk of an unintended delisting if the company fails to obtain an unqualified audit opinion and the Tokyo Stock Exchange determines that its internal management system has not been adequately established. Oasis said it has urged the company to consider privatization since December 2025, warning that shareholders could suffer substantial losses if Nidec were delisted before they had an opportunity to sell their shares at a fair price reflecting the company's intrinsic value. Oasis stressed it is calling for a preliminary review to assess the feasibility and terms of a potential privatization, rather than a decision at this stage to proceed with a transaction, and said comparing a standalone strategy with privatization proposals is important in determining the strategic direction of the company's second founding.
Nidec CorporationAuditor disclaimer of opinion and risk of TSE delisting over improper accounting and inadequate internal controls pressure Nidec.
China Dvlp Bk Finl Leasing Co