Nidec Shares Slump After Reporting $4 Billion Impairment-Driven Annual Loss
Nidec Corp. shares fell sharply after the company reported a significant annual net loss, primarily due to a $4 billion impairment charge stemming from an accounting scandal. The stock was down 17% in Tokyo trading.
Nidec Corp. shares slumped after the company reported a heavy annual net loss driven by a $4 billion impairment linked to an accounting scandal. 36, in Tokyo morning trade on Thursday, after falling as much as 20% earlier.