Nidec Announces Change in the Scheduled Submission Date for the Securities Report

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO:6594; OTC US: NJDCY) (the 'Company') announced in its "Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 [IFRS]" released on April 24, 2025, that the scheduled submission date for the 52nd Annual Securities Report was June 18, 2025. The Company hereby informs you that this submission will be postponed as described below.
1. Securities reports covered
The 52nd Fiscal Year Securities Report (From April 1, 2024 to March 31, 2025)
2. Scheduled submission date for the financial results summary for the fiscal year ended March 2025
June 18, 2025 (Wednesday)
3. Reasons for changing the submission date
As previously announced on May 29, 2025, we have not yet received the audit report from the accounting auditor on our consolidated financial statements. The following is an outline of the progress to date:
The Company identified an issue concerning trade transactions at NIDEC FIR INTERNATIONAL S.R.L. (located in Italy, hereinafter "FIR"), one of the consolidated subsidiaries of the Company under Appliance, Commercial and Industrial Motors Business Unit of Appliance and Automotive Division. The Company has engaged a third-party expert, experienced in international trade and customs law, to investigate. The Company has recognized potentially erroneous declarations of country of origin for certain motors manufactured by FIR, which may have resulted in unpaid import tariffs. Based on the status report on the investigation received, the Company is proceeding with further internal investigation and consideration of this matter, in collaboration with the third-party expert.
As a result, the Company has determined that, in relation to the impact on our consolidated financial statements, further audit by the accounting auditor will be required based on the results of the above investigation. The above internal investigations and examination of the impact on the consolidated financial statements and internal controls are ongoing, and the investigations required for the accounting auditor to complete the audit procedure have not been finalized. Consequently, the Company has determined that it will be difficult to issue the audited consolidated financial statements by June 18, 2025, and therefore has decided to postpone the submission of the securities report that was scheduled to be submitted on the same day.
The new submission date will be announced promptly, taking the progress into consideration.
[Reference]
Company outline of NIDEC FIR INTERNATIONAL S.R.L.
Address of headquarters: Via Roma, 19, 26041-Casalmaggiore (CR), Italy
Business unit: Appliance, Commercial and Industrial Motors Business Unit of Appliance and Automotive Division
Main products: Motors and actuators for industrial (construction and renewable energy), commercial (leisure and commercial refrigerators/freezers) and appliance (washing machines and dryers) use (AC, geared and brushless DC motors) and motor-related products (motor components and drive)
Sales: 13,873 million yen (fiscal 2024) (Unaudited)

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Latin Metals is actively seeking new strategic partners to advance its Metals recently presented and met with investors at three investor events: 121 Mining Investment Conference – London (May 12–13, 2025) Deutsche Goldmesse – Frankfurt (May 16–17, 2025) THE Mining Event – Quebec City (June 3–5, 2025) Upcoming investor conferences include: The Rule Symposium on Natural Resource Investing 2025 - Florida (July 7-11, 2025) These events provide key opportunities to showcase Latin Metals' progress and introduce its high-quality portfolio to new strategic and institutional Latin Metals on YouTube, X, Facebook, LinkedIn and Instagram to stay informed on our latest developments, exploration updates, and corporate Leon, QP, is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. 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'Keith Henderson' President & CEO For further details on the Company, readers are referred to the Company's website ( and its Canadian regulatory filings on SEDAR+ at For further information, please contact: Keith HendersonSuite 890 - 999 West Hastings Street,Vancouver, BC, V6C 2W2E-mail: info@ Elyssia Patterson, VP Investor RelationsEmail: elyssia@ 778-683-4324 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading 'Risk Factors' in the Company's annual management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein. A photo accompanying this announcement is available at

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