Oasis is pressing Nidec's board, especially its independent directors, to engage financial advisers and seek initial, non-binding approaches from strategic acquirers and buyout firms. The investor says this is about evaluating a potential take-private, not deciding to do one. Oasis also said it began urging Nidec to consider privatization in December 2025, arguing that shareholders could be exposed if a delisting happens before the company's value is realized. A Nidec spokesperson declined to comment.
Nidec, the global leader in electric motor production, has been rocked by probes that uncovered extensive wrongdoing in accounting and quality control at operations in Italy, Switzerland, and China, along with problems in its car inverter business. Problems first came to light in June last year and included inflated values for raw materials and inventory, misstated customs filings, government subsidies booked as revenue, and labor costs capitalized to push out expenses. As financial stress built, some subsidiaries tried to mask losses by overstating sales, which only deepened the strain.
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Last week, PwC Japan, Nidec's auditor, declined to sign off on the company's financial statements. For the year ended March 31, Nidec recorded a net loss of ¥564.6 billion, or $3.6 billion, driven by writedowns. The fallout has already reshaped the C-suite: founder and Chairman Shigenobu Nagamori has stepped down, CEO Mitsuya Kishida left more recently, and the new chief executive, Michio Kaida, is now responsible for stabilizing the company and preventing any delisting from the Tokyo Stock Exchange. Kyodo News reported Tuesday that Nidec is also considering penalties for employees connected to misconduct in late October.
For everyday investors, the path from scandal to stability is rarely quick. An audit sign-off standoff, leadership turnover, and potential delisting risk can swing the stock while any strategic review plays out. A credible, independent valuation could set a reference point, but the timeline and eventual outcome remain uncertain.
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