由 Momoka Yokoyama 撰写：Aspex Management 持有 Nidec 公司 7% 的股份，该公司力主让 Kishida Mitsuya 继续担任首席执行官，以帮助公司度过当前的会计危机及各种动荡局面。此次危机涉及可能高达 1 万亿日元（64 亿美元）的减值费用，进一步加剧了这家陷入困境的电动机供应商的混乱状况。
By Momoka Yokoyama Aspex Management, which says it owns 7% of Nidec Corp., pushed for Mitsuya Kishida to remain as chief executive to guide it through an accounting crisis and turmoil involving a potential new ¥1 trillion ($6.4 billion) impairment charge, adding to the disarray at the troubled electric-motor supplier. Kishida’s exit, announced by the company on Tuesday after it was first reported by a Japanese magazine, stunned investors and triggered a 21% decline in Nidec’s shares through Tuesday.
Kishida 的离职消息于周二由公司正式宣布；此前这一消息最早是由一家日本杂志披露的。该消息令投资者感到震惊，导致 Nidec 的股价在周二下跌了 21%。这家总部位于香港的对冲基金在本周致 Nidec 董事会的信中写道：“Nidec 需要集中精力恢复其财务报告系统的正常运作，并解决东京证券交易所发出的退市警告。”
The company needs to focus on restoring its financial reporting and resolving a delisting warning from the Tokyo Stock Exchange, the Hong Kong-based hedge fund wrote in a letter to Nidec’s board this week. Michio Kaida, Nidec’s chief technology officer who has been at the Nidec group for decades, will replace Kishida effective immediately, the company said in a statement on Tuesday.
Nidec 的首席技术官 Kaida Michio 将立即接替 Kishida 的职务。Nidec 在周二发布的声明中表示：Kishida 是在 2022 年由公司创始人兼最大股东 Nagamori Shigenobu 引入公司的。鉴于 Kishida 是最近才上任的，这一高管变动可能暗示公司内部存在权力斗争。
Given that Kishida was brought on board relatively recently in 2022 by Nidec founder and top shareholder Shigenobu Nagamori, the executive shuffle could indicate that a power struggle is underway. Nidec’s directors should “balance continuity in deliveringthese forward-looking objectives,” Aspex wrote in the note seen by Bloomberg News, adding that it supports Kishida, providing that he “remains fit and proper,” stays on “as chief executive officer for this purpose.”
Aspex 在发给 Bloomberg News 的信中表示：“Nidec 的董事们应在实现公司长期发展目标的过程中兼顾工作的连续性。”同时，Aspex 表示支持 Kishida 的继续任职（前提是他“身体状况良好、能够胜任首席执行官的职责”），并呼吁公司制定新的中期发展计划。Nidec 的相关负责人并未对这封信件作出任何评论。
据《Diamond》杂志和《Nikkei》报纸报道，Nidec 计划在周三重新公布部分过去的财务业绩；该公司还面临着因会计费用以及为电动汽车和家用电器提供电机的业务的价值下降所带来的巨大损失。
Aspex also called for an updated mid-term plan. Representatives for Nidec didn’t respond to a request for comment on the letter. Nidec, which is scheduled to restate some past earnings on Wednesday, is also facing a steep writedown stemming from the accounting charges and a drop in value in its businesses supplying motors for electric cars and appliances, according to Diamond magazine and the Nikkei newspaper.
这起会计丑闻去年曝光，当时尼德克（Nidec）披露了该公司多年来存在的不当会计行为，包括高估原材料和库存的价值、错误填报海关申报数据、将政府补助金记为收入，以及将劳动力成本资本化以推迟相关费用的支出。
The accounting scandal erupted last year when Nidec disclosed years of improper balance sheet practices, including overstating raw-material and inventory values, misstating customs declarations, booking government grants as revenue and capitalizing labor costs to defer expenses.
尼德克的创始人长森（Nagamori）以严格的管理风格著称，他为公司制定了高远的目标并多年来一直成功实现了这些目标；然而，这种管理方式导致员工们不惜一切代价去完成业绩指标。如今，由于管理层的混乱、会计问题以及股价的下跌，该公司可能会被收购或分拆。
Nagamori, the hard-charging founder who set lofty targets for the business and achieved them for many years, created an environment that led to employees seeking to deliver numbers at all costs. The management turmoil, accounting issues and drop in shares could now lead to the company being taken over, or broken up.
根据9月28日的一封信件显示，Aspex公司持有尼德克约7%的股份。根据彭博社的数据，这使Aspex成为仅次于长森和激进投资者Oasis Management Co.的第三大股东。
According to the letter dated Sept. 28, Aspex owns around a 7% stake in Nidec. That makes it the third-largest shareholder after Nagamori and activist investor Oasis Management Co., according to data compiled by Bloomberg.
周三，尼德克的股价上涨了5.4%，此前该公司证实了《日经新闻》的报道：该公司正在考虑将旗下的某个零部件业务部门出售给Carlyle集团（Carlyle Group Inc.）。
Nidec shares rose as much as 5.4% on Wednesday, after the company confirmed a Nikkei report that it was considering the sale of a components unit to Carlyle Group Inc.