Nidec Announces Determination of Director Candidates for New Nidec

May 13 2026 08:50 BST

KYOTO, Japan--(BUSINESS WIRE)--May 13, 2026-- In light of the report of the Third-Party Committee disclosed on March 3 and April 17 of this year, as well as the improvement plan and status report disclosed on January 28 and April 27, the Company has been proceeding with a review of the composition of its Board of Directors as part of its efforts to strengthen corporate governance. The Company aims to establish a Board comprised of directors possessing diverse knowledge, experience, and expertise so as to enable the Board to effectively fulfill its functions. The Company hereby announces that it has determined the candidates for directors to be submitted for election at the 53rd Annual General Meeting of Shareholders, scheduled to be held on June 18 of this year (the “Annual General Meeting”), as set forth below.

Furthermore, as announced in our “Notice Regarding the Establishment of the Executive Responsibility Investigation Committee” dated March 13, 2026, with respect to the series of improper accounting within our group, the Executive Responsibility Investigation Committee (the “Committee”) continues to conduct investigations and deliberations regarding whether current and former directors, auditors, and executive officers bear legal liability. Based on the report and recommendations of the Committee, we plan to determine whether to pursue claims for damages or take other legal measures.

1. Director Candidates (Scheduled Date of Appointment: June 18, 2026)

		Name	Current positions, significant concurrent positions, and professional background
Renominated	Director	Mitsuya Kishida	Representative Director, President and Chief Executive Officer
Newly nominated	Director	Masayuki Minai	Senior Vice President Chief Compliance Officer, and Chief Human Resources Officer
Newly nominated	Director	Takeshi Miyake	Vice President and Chief Supply Chain Officer
Newly nominated	*Outside Independent Director	Akitsugu Era	Partner, Brunswick Group K.K. Outside Director, ANDPAD, Inc. Former Managing Director and Head of Investment Stewardship, BlackRock Japan Co., Ltd.
Newly nominated	*Outside Independent Director	Shinichi Koizumi	Outside Director, Preferred Networks, Inc. Advisor, Obayashi Corporation Outside Director and Chairperson of the Board, Shinko Electric Industries Co., Ltd. Former Representative Director and Executive Vice President, Toray Industries, Inc. Former Full-time Corporate Auditor, DeNA Co., Ltd.
Newly nominated	*Outside Independent Director	Soichiro Sakuma	Outside Director, Konica Minolta, Inc. Advisor, NS Solutions Corporation Outside Director (Audit and Supervisory Committee Member), JX Advanced Metals Corporation Former Representative Director and Executive Vice President, Nippon Steel & Sumitomo Metal Corporation (currently Nippon Steel Corporation)
Newly nominated	*Outside Independent Director	Yuji Nishiura	Chairperson of the Board and Outside Director, LIXIL Corporation Former Japan Representative, AlixPartners Former Chairman of the Board, AXA Life Insurance Co., Ltd. Former Chairman of the Board, AXA General Insurance Co., Ltd. Former Representative Director and Chairman, Sumitomo Mitsui Trust Club Co., Ltd.
Newly nominated	*Outside Independent Director	Ryoichi Yamamoto	Outside Director, Daido Steel Co., Ltd. Senior Advisor, J. Front Retailing Co., Ltd. Former Director and Representative Executive Officer, President, J. Front Retailing Co., Ltd.
Newly nominated	*Outside Independent Director (Audit and Supervisory Committee Member)	Takeshi Yamazaki	Full-time Corporate Auditor, Hitachi Real Estate Partners, Ltd. Former General Manager, Corporate Planning Office, Strategy Planning Division, Hitachi, Ltd. Former Senior Vice President and Chief Strategy Officer, Hitachi-LG Data Storage, Inc.
Newly nominated	*Outside Independent Director (Audit and Supervisory Committee Member)	Hideki Amano	Outside Corporate Auditor, Seiko Group Corporation Outside Corporate Auditor, Mizuho Leasing Company, Limited Former Deputy Chairman (Head of Audit), KPMG AZSA LLC
Newly nominated	*Outside Independent Director (Audit and Supervisory Committee Member)	Misawa Kishinami	Outside Director, Daiwabo Holdings Co., Ltd. Former Head of Syndicate, Capital Markets Division, Investment Banking, Goldman Sachs Japan Co., Ltd. Former Executive Director and Head of Debt Capital Markets, Investment Banking Division, UBS Securities Japan Co., Ltd.

Newly nominated

*Outside

Independent

Director

(Audit and

Supervisory

Committee Member)

Mitsuhiro

Hasegawa

Senior Advisor, Uryu & Itoga Law Office

Former Chief Prosecutor, Hiroshima High Public Prosecutors Office

Former Chairman, Securities and Exchange

Surveillance Commission

Notes:	1.	Of the director candidates, the nine individuals marked with an asterisk (*) qualify as outside directors under the Companies Act in Japan.
	2.	Information regarding current positions and significant concurrent positions is as of May 13, 2026.

2. Retirement of Directors

Mr. Hiroyuki Ochiai, Mr. Shinichi Sato, Ms. Yayoi Komatsu, Ms. Takako Sakai, Ms. Aya Yamada, and Mr. Kunio Umeda will retire upon the expiration of their respective terms of office on June 18, 2026. Ms. Hiroe Toyoshima will resign and retire as of the same date. Mr. Hiroshi Yoshii, an Outside Director who serves as a full-time Audit and Supervisory Committee Member, will remain in office.

Please refer to the full release: https://www.nidec.com/files/user/www-nidec-com/corporate/news/2026/0513-03/260513-03en.pdf

View source version on businesswire.com: https://www.businesswire.com/news/home/20260513946358/en/

Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Source: NIDEC CORPORATION