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Nidec Announces its Win of Damages Case against Toyo Keizai Inc.

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Nidec (TOKYO: 6594; OTC US: NJDCY) has won a defamation lawsuit against Toyo Keizai Inc. and related individuals. The Tokyo District Court ruled in favor of Nidec, stating that Toyo Keizai's reporting on alleged insider trading by Nidec was false and insufficiently researched. The court ordered Toyo Keizai to pay damages and remove the defamatory article. This ruling confirms that Nidec properly acquired treasury stock in compliance with applicable laws and regulations, clearing the company of insider trading suspicions. Nidec reaffirms its commitment to conducting business activities in accordance with legal and regulatory requirements.

Nidec (TOKYO: 6594; OTC US: NJDCY) ha vinto una causa per diffamazione contro Toyo Keizai Inc. e individui associati. Il tribunale distrettuale di Tokyo ha emesso una sentenza a favore di Nidec, affermando che il reportage di Toyo Keizai riguardo a presunti casi di insider trading da parte di Nidec era falso e insufficiente nella ricerca. Il tribunale ha ordinato a Toyo Keizai di pagare danni e rimuovere l'articolo diffamatorio. Questa sentenza conferma che Nidec ha acquisito correttamente azioni proprie in conformità con le leggi e i regolamenti applicabili, liberando l'azienda da sospetti di insider trading. Nidec ribadisce il suo impegno a condurre le proprie attività commerciali in conformità con i requisiti legali e normativi.

Nidec (TOKYO: 6594; OTC US: NJDCY) ha ganado una demanda por difamación contra Toyo Keizai Inc. y personas relacionadas. El Tribunal de Distrito de Tokio falló a favor de Nidec, afirmando que el informe de Toyo Keizai sobre presunto comercio de información privilegiada por parte de Nidec era falso e insuficientemente investigado. El tribunal ordenó a Toyo Keizai que pagara daños y eliminara el artículo difamatorio. Este fallo confirma que Nidec adquirió correctamente acciones en tesorería en cumplimiento de las leyes y regulaciones aplicables, despejando a la empresa de sospechas de comercio de información privilegiada. Nidec reafirma su compromiso de llevar a cabo actividades comerciales de acuerdo con los requisitos legales y regulatorios.

Nidec (TOKYO: 6594; OTC US: NJDCY)은 Toyo Keizai Inc. 및 관련 개인들에 대해 명예훼손 소송에서 승소했습니다. 도쿄 지방법원은 Nidec의 내부 거래 혐의에 대한 Toyo Keizai의 보도가 거짓이며 충분히 연구되지 않았다고 판결했습니다. 법원은 Toyo Keizai에 대해 손해 배상금 지급 및 명예훼손 기사를 삭제하라고 명령했습니다. 이 판결은 Nidec이 자사주식을 적법하게 취득했다는 것을 확인합니다, 관련 법률 및 규정을 준수하며, Nidec에 대한 내부 거래 의혹을 해소합니다. Nidec은 법적 및 규제 요건에 따라 사업 활동을 수행하겠다는 의지를 다시 한 번 강조합니다.

Nidec (TOKYO: 6594; OTC US: NJDCY) a gagné un procès en diffamation contre Toyo Keizai Inc. et des individus associés. Le tribunal de district de Tokyo a statué en faveur de Nidec, déclarant que le reportage de Toyo Keizai concernant un prétendu délit d'initié par Nidec était faux et insuffisamment recherché. Le tribunal a ordonné à Toyo Keizai de payer des dommages et intérêts et de retirer l'article diffamatoire. Ce jugement confirme que Nidec a correctement acquis des actions de trésorerie en conformité avec les lois et règlements applicables, dissociant l'entreprise des soupçons de délit d'initié. Nidec réaffirme son engagement à mener ses activités commerciales conformément aux exigences légales et réglementaires.

Nidec (TOKYO: 6594; OTC US: NJDCY) hat ein Verfahren wegen Verleumdung gewonnen gegen Toyo Keizai Inc. und verwandte Personen. Das Landgericht Tokio stellte fest, dass die Berichterstattung von Toyo Keizai über angeblichen Insiderhandel von Nidec falsch und unzureichend recherchiert war. Das Gericht ordnete an, dass Toyo Keizai Schadenersatz zahlen und den verleumderischen Artikel entfernen muss. Dieses Urteil bestätigt, dass Nidec eigene Aktien ordnungsgemäß erworben hat, in Übereinstimmung mit den geltenden Gesetzen und Vorschriften, und befreit das Unternehmen von Verdacht auf Insiderhandel. Nidec bekräftigt sein Engagement, Geschäftstätigkeiten im Einklang mit den gesetzlichen und regulatorischen Anforderungen durchzuführen.

Positive
  • Nidec won the defamation lawsuit against Toyo Keizai Inc.
  • Court ruling confirms Nidec's proper acquisition of treasury stock
  • Nidec cleared of insider trading suspicions
Negative
  • None.

KYOTO, Japan--(BUSINESS WIRE)-- Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has received a ruling in favor of the Company in the action that it instituted against Toyo Keizai Inc. (head office: 1-2-1 Nihonbashi, Hongokucho, Chuo-ku, Tokyo) and concerned individuals to the Tokyo District Court on October 24, 2022, demanding damages based on the defamation by the aforementioned parties.

In its ruling, the Tokyo District Court, citing, among other reasons, that Toyo Keizai Inc.’s reporting on the Company’s alleged act of insider trading is false, and that the coverage of the reporting was insufficient, found the reporting by Toyo Keizai Inc. did defame Nidec’s reputation, and ordered Toyo Keizai Inc. and concerned individuals to pay damages to the Company, and to remove the article in question.

This ruling makes it clear that Nidec properly acquired treasury stock in accordance with applicable laws and regulations, and that the Company is free of suspicions over insider trading.

Nidec stays committed to conducting business activities in accordance with applicable laws and regulations.

Teruaki Urago

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Source: NIDEC CORPORATION

FAQ

What was the outcome of Nidec's lawsuit against Toyo Keizai Inc.?

Nidec won the defamation lawsuit against Toyo Keizai Inc. The Tokyo District Court ruled in favor of Nidec, ordering Toyo Keizai to pay damages and remove the defamatory article.

Why did Nidec (NJDCY) file a lawsuit against Toyo Keizai Inc.?

Nidec filed the lawsuit against Toyo Keizai Inc. for defamation, demanding damages due to false reporting about alleged insider trading by Nidec.

What did the Tokyo District Court's ruling say about Nidec's (NJDCY) treasury stock acquisition?

The court ruling confirmed that Nidec properly acquired treasury stock in accordance with applicable laws and regulations, clearing the company of insider trading suspicions.

When did Nidec (NJDCY) institute the action against Toyo Keizai Inc.?

Nidec instituted the action against Toyo Keizai Inc. and concerned individuals to the Tokyo District Court on October 24, 2022.

NIDEC CORP ADR

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