# Nidec founder faces civil liability as shares hit decade low

> Nidec's founder and executives now face civil liability for accounting damages as shares drop to a decade low.
- Title: Nidec founder faces civil liability as shares hit decade low
- Summary: Nidec's founder and executives now face civil liability for accounting damages as shares drop to a decade low. Nidec's founder Shigenobu Nagamori and…
- Keywords: nidec, shigenobu nagamori, civil liability, improper accounting, shares, decade low, executives, motor maker, news, politics, world, founder
- Source: The Japan Times — https://japantimes.co.jp/business/2026/10/19/nidec-founder-civil-liability-for-damages
- Author: Reed Stevenson
- Published: 2026-10-19T03:01:00+00:00
- Read time: 1 min
- Topics: nidec, shigenobu nagamori, civil liability, improper accounting, shares, decade low, executives, motor maker, news, politics, world
## Nidec legal reckoning
Nidec's outside committee concluded founder Shigenobu Nagamori and executives bear civil liability for damages from improper accounting.
## Shares drop to decade low
Nidec shares fell to their lowest level in a decade Monday after the committee's finding.
## Shareholder calls for review
Nidec's biggest shareholder requested a review of privatization options due to the crisis.
## Company seeks auditor approval
Nidec aims to regain auditor approval and convince Tokyo Stock Exchange internal controls have been repaired.
## CEO faces restructuring
Newly appointed CEO Michio Kaida must restructure loss-making businesses and respond to activist pressure.
## Key takeaway

Nidec's founder Shigenobu Nagamori and executives bear civil liability for damages from improper accounting, causing shares to fall to their lowest level in ten years.