Company Announcements

KYOTO, Japan--(BUSINESS WIRE)--Mar. 13, 2026-- As announced in the “Announcement Regarding the Disclosure of the Third-Party Committee’s Investigation Report and Our Company’s Response” dated March 3, 2026, we have been considering the establishment of an Executive Responsibility Investigation Committee. At the Board of Directors meeting and the Audit and Supervisory Committee meeting held on March 13, 2026, it was decided to establish the Executive Responsibility Investigation Committee (the “Committee”).

Regarding the instances of improper accounting within our group, the Committee, composed of external experts who have no conflicts of interest with the following individuals, will investigate and examine whether current and former directors, auditors, and executive officers bear legal liability, including whether they breached their duties in the execution of their responsibilities. Based on the report and recommendations of the Committee, we intend to determine whether to pursue claims for damages or other legal measures.

The outline of the Committee is set out in the attached document.

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(Attachment)

Regarding the Establishment of the Executive Responsibility Investigation Committee

1. Objective of Establishment

Regarding the instances of improper accounting disclosed in the Third-Party Committee’s Investigation Report, and, based on such report, to enable the Company to make an appropriate and fair determination regarding the legal liability — including liability for breach of duty in the execution of their responsibilities — of individuals who served as directors, auditors, or executive officers during the period covered by the Third-Party Committee’s investigation (fiscal year 2020 through the first quarter of fiscal year 2025) (collectively, the “Individuals”), the purpose of the Executive Responsibility Investigation Committee is to investigate and examine those matters and, on that basis, prepare reports and make recommendations.

2. Composition of the Executive Responsibility Investigation Committee

The members of the Executive Responsibility Investigation Committee are as follows:
Chairperson: Shin Kikuchi, Attorney at Law (Gaien Partners)
Member: Haruka Matsuyama, Attorney at Law (Hibiya Park Law Offices)
Member: Kenichi Akiba, Professor and Certified Public Accountant (Faculty of Commerce, Graduate School of Accountancy, Waseda University)

Each member has no conflict of interest with any of the Individuals.

3. Scope of the Individuals

Individuals who served as directors (including the Audit and Supervisory Committee members), auditors, or executive officers between fiscal year 2020 and the first quarter of fiscal year 2025　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　

View source version on businesswire.com: https://www.businesswire.com/news/home/20260313956185/en/

Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Source: Nidec Corporation