Japan’s capital-market hub under JPX governance
Nidec has reported significant writedowns and accounting irregularities, sending its bonds and shares lower amid leadership shake-ups and a delayed filing. PwC Japan has refused to sign off on its statements, prompting questions about the company’s financial stability and future reporting.
Nidec Corp. has published a redacted report that deepens a crisis surrounding chairman Shigenobu Nagamori and the company’s governance. The findings prompt a review of privatization options and pose questions about internal controls as the company seeks auditor approval and market confidence. New CEO Michio Kaida faces pressure to restructure loss-making units while defending against activist scrutiny.
Japan has announced a 10 billion yen package to strengthen cyber defense, enhance active cyber defense capabilities, and establish a dedicated “top gun” team within METI to counter hackers. The government will mobilize a Cyber Rescue Team and coordinate with private sector allies as cyber threats grow.
Taiwanese memory makers Winbond and Macronix see record earnings as demand grows for specialized chips. Yet supply constraints persist, with lead times for critical tools exceeding two years and new capacity not online until 2029-2030. China’s CXMT advances its DRAM roadmap as US restrictions bite, while global tungsten supply disruptions ripple through AI hardware chains.