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HomeTechnologyJapan's Nidec flags potential $1.6 billion writedown as accounting scandal widens

Japan’s Nidec flags potential $1.6 billion writedown as accounting scandal widens

TOKYO, March 3 : Japanese electric motor maker Nidec warned on Tuesday that it could face 250 billion yen ($1.6 billion) in writedowns from a deepening accounting scandal that sparked the exit of its founder and other top executives.The company, one of the world’s top makers of precision motors and a supplier

Read full story on Channel Newsasia

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