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Story summary
- Nidec Corp. in advanced talks to sell Nidec Components Corp. to Carlyle Group for over ¥100 billion.
- Nidec reported ¥632 billion writedowns and ¥482.5 billion accounting charges for fiscal year ended March.
- The company posted a restated net loss of ¥564.6 billion and forecast ¥200 billion operating profit, below analysts’ ¥247 billion expectation.
- Auditor withheld opinion after Nidec breached ¥600 billion loan covenants.
