Nidec Announces Transfer upon Merger of Certified Public Accountants, etc.

Rhea-AI Summary

Nidec Corporation announces transfer of accounting auditor

Positive

• PricewaterhouseCoopers Kyoto will merge with PricewaterhouseCoopers Aarata LLC on December 1, 2023
• New firm will be named PricewaterhouseCoopers Japan LLC
• PricewaterhouseCoopers Japan LLC will become the certified public accountants in charge of Nidec Corporation's audit certification

Negative

• None.

KYOTO, Japan--(BUSINESS WIRE)-- Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announced today that, based on the provisions of Article 193, Paragraph 2, Items 1 and 2 of the Financial Instruments and Exchange Act, the certified public accountants, etc. who are in charge of the Company’s audit certification are planned to be transferred, as outlined below.

1.	Date of the transfer
	December 1, 2023 (plan)

2.

Details of the transfer

PricewaterhouseCoopers Kyoto (as the absorbed audit firm), the Company’s accounting auditor, will merge with PricewaterhouseCoopers Aarata LLC (as the surviving audit firm) on December 1, 2023, and the name of the new firm will be changed to PricewaterhouseCoopers Japan LLC as of the same date. Accordingly, PricewaterhouseCoopers Japan LLC will become the certified public accountants, etc. to be in charge of the Company’s audit certification.

3.	Outline of the surviving audit firm after the merger
	(1)	Name	PricewaterhouseCoopers Japan LLC
	(2)	Address	1-1-1 Otemachi, Chiyoda-ku, Tokyo
	(3)	Name of engagement partners	Tsuyoshi Yamamoto, Minamoto Nakamura, and Tatsuro Iwai
	(4)	Status of registration to Registration System for Auditors that Engage in Audits of Listed Companies and Similar Companies based on the Certified Public Accountants Act	The auditor is deemed registered based on the provisions of Supplementary Provision of Article 3, Paragraph 3 of the revised Certified Public Accountants Act.

4.	Outline of the absorbed audit firm after the merger
	(1)	Name	PricewaterhouseCoopers Kyoto
	(2)	Address	8 Naginataboko-cho, Karasuma-Higashi, Shijodori, Shimogyo-ku, Kyoto, Kyoto
	(3)	Name of engagement partners	Tsuyoshi Yamamoto, Minamoto Nakamura, and Tatsuro Iwai

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20231016847064/en/

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Source: Nidec Corporation

FAQ

What is the date of the transfer?

The transfer is planned for December 1, 2023.

What are the details of the transfer?

PricewaterhouseCoopers Kyoto will merge with PricewaterhouseCoopers Aarata LLC, and the new firm will be named PricewaterhouseCoopers Japan LLC.

Who will be the new certified public accountants in charge of Nidec Corporation's audit certification?

PricewaterhouseCoopers Japan LLC will be the new certified public accountants in charge of Nidec Corporation's audit certification.