Nidec names 12 directors for June shareholder meeting

Nidec Corporation announced director candidates for its 53rd Annual General Meeting of Shareholders scheduled for June 18, 2026, following corporate governance improvements related to accounting irregularities within the group.

The Japanese motor manufacturer will nominate 12 directors, including one renominated candidate and 11 new nominees. Nine of the candidates qualify as outside directors under Japan's Companies Act. Current Representative Director, President and Chief Executive Officer Mitsuya Kishida will seek renomination.

The new director candidates include three internal executives: Masayuki Minai, Senior Vice President Chief Compliance Officer and Chief Human Resources Officer; and Takeshi Miyake, Vice President and Chief Supply Chain Officer.

Six outside independent directors were nominated, including Akitsugu Era, a partner at Brunswick Group K.K. and former Managing Director at BlackRock Japan; Shinichi Koizumi, former Representative Director and Executive Vice President at Toray Industries; and Soichiro Sakuma, former Representative Director and Executive Vice President at Nippon Steel & Sumitomo Metal Corporation.

The company also nominated four outside independent directors for audit and supervisory committee positions, including Takeshi Yamazaki from Hitachi Real Estate Partners; Hideki Amano, former Deputy Chairman at KPMG AZSA LLC; Misawa Kishinami, former executive at Goldman Sachs Japan; and Mitsuhiro Hasegawa, former Chairman of the Securities and Exchange Surveillance Commission.

Seven current directors will retire upon expiration of their terms on June 18, 2026, including Hiroyuki Ochiai, Shinichi Sato, Yayoi Komatsu, Takako Sakai, Aya Yamada, Kunio Umeda, and Hiroe Toyoshima, who will resign. Outside Director Hiroshi Yoshii will remain in office.

The board restructuring follows reports from a Third-Party Committee disclosed in March and April, as well as improvement plans disclosed in January and April, according to the company's press release statement.

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