Japanese electrical components manufacturer Nidec has admitted to over 1,000 instances of misconduct related to product quality, including unauthorized changes to parts, processes, and designs. The company has established an external investigation committee to determine the facts and causes, with a report expected by the end of August. This follows a previous report in March detailing significant accounting fraud amounting to approximately 250 billion yen. AI
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RANK_REASON Company admits to widespread misconduct and fraud. [lever_c_demoted from significant: ic=2 ai=0.1]