Origin Company,Limited vs Nidec: why the prices moved differently

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  Auditor refuses to sign off, delisting risk grows PwC Japan again gave no audit opinion on Nidec's financials, and the new president says he will fix remaining issues by October. Without a clean audit, the Tokyo exchange could delist the stock, which is why investors keep selling.

  The unresolved audit opinion is the core reason Nidec's shares remain under pressure and delisting risk persists.

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  Credit downgrade and weak earnings confirm damage R&I cut Nidec's rating to A+ and put it on watch for another downgrade after a ¥632 billion write-down and a ¥565 billion net loss. Quarterly profit also fell sharply, showing the accounting mess has hurt real earnings, not just paperwork.

  The downgrade and weak profit numbers show the financial damage is real and ongoing, a key negative for the stock.

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  Activist Oasis pushes for privatization review Oasis, now holding 7.97%, wants outside directors to study going private and has urged asset sales. This could unlock value if it forces change, but it also highlights delisting risk and uncertainty, so the effect on the share price is mixed.

  Oasis's privatization push is a major new force that could either lift the stock through a buyout or deepen uncertainty.

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  First major asset sale aims to streamline turnaround Nidec confirmed it is selling its electronic components unit to Carlyle for over ¥100 billion, its first big divestiture. The move signals a shift away from the founder's deal-driven expansion and could speed up the turnaround, though it also reflects pressure to raise cash.

  The Carlyle sale is a concrete step that could help Nidec recover and is a new positive catalyst for the stock.

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  ¥1 trillion impairment and president's dismissal confirmed Nidec admitted it is considering a massive write-down of about ¥1 trillion and executive changes, including removing its president. A write-down that size would erase roughly a decade of profits, so investors sold the stock hard, with shares falling as much as 18%.

  This is the first concrete confirmation of the scale of the financial damage and the leadership shake-up, directly driving the sell-off.

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  President resigns; EV business impairment balloons President Kishida resigned immediately, and the EV-related impairment is now expected to far exceed the earlier ¥250 billion estimate. A sudden leadership exit and a much larger loss than guided add uncertainty and weigh on the shares.

  The resignation and the ballooning EV loss are new events that increase uncertainty and confirm deeper problems than previously disclosed.

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  FY2026 pretax loss of ¥496 billion; weak FY2027 guidance Nidec reported a ¥496 billion pretax loss for the year ended March 2026, far worse than analysts expected, and guided next year's profit 23% below consensus. The huge loss and weak outlook show the damage is not contained and future earnings will suffer.

  The actual loss and disappointing guidance quantify the financial hit and signal a slow recovery, pushing the stock down.

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  Auditor disclaimer and delisting risk hit year-to-date low PwC Japan refused to give an opinion on Nidec's financial statements for a second straight year, saying it lacked enough evidence. With the Tokyo Stock Exchange reviewing whether to delist the company, shares fell nearly 20% to a year-to-date low as investors fear the stock could be removed from the exchange.

  The auditor's disclaimer and the imminent delisting review are the most severe regulatory threats, directly causing the stock's plunge to a new low.

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  Annual report filing delayed to September 30 Nidec asked regulators to push its annual securities report deadline from June 30 to September 30 because investigations into past financial statements, product quality and unpaid customs duties are taking too long. A delayed report signals serious compliance problems and keeps investors in the dark about the company's true finances.

  This is the first sign this period that governance problems are delaying required disclosures, a core negative force on the stock.

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  Humanoid robot supply-chain optimism lifts motor makers Component suppliers like Nidec rallied as investors bet on faster humanoid robot production, since these suppliers sell to many robot makers at once. But the same report warned AI-related valuations may be overextended, so this lift is speculative and could fade.

  It is the only positive price driver this period and shows a real demand-side counterweight to the governance news.

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  April–June earnings release missed Nidec failed to publish its April–June 2026 results within the Tokyo Stock Exchange's 45-day limit because it is still investigating accounting irregularities and quality misconduct. Missing a required deadline adds to the picture of a company whose basic reporting cannot be trusted, weighing on the shares.

  It shows the governance problems are now disrupting routine financial reporting, not just past statements.

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  844 quality misconduct cases and delisting risk An external panel found 844 cases of quality misconduct, including 60 serious ones, blaming pressure for short-term targets and weak quality controls. Nidec is already a special attention stock and could be delisted if it fails to fix internal management within one year, a direct threat to shareholders.

  This is the biggest new negative: confirmed widespread misconduct plus an explicit delisting risk that directly threatens the investment.

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  Derivative suit seeks 28.7 billion yen from founder An individual shareholder sued founder Shigenobu Nagamori and two former directors for about 28.7 billion yen, alleging illegal buybacks and dividends beyond the legal limit. It is the first such suit since the accounting fraud surfaced, raising the risk of more legal claims and further management distraction.

  It is a new legal front that could cost the company and its former leaders money and keep governance concerns in the headlines.

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