Nidec Drops 18% After Flagging Quality Conduct Concerns
The Nidec Corp. headquarters building in Kyoto, Japan.
Photographer: Fred Mery/BloombergNidec Corp. shares slumped as much as 18% in Tokyo on Wednesday after the company said it identified suspected improper conduct on product quality.
The world’s largest manufacturer of precision motors said it will be conducting a comprehensive quality inspection and will announce a response on the issue today.