Nidec Said to Prepare Recovery Plan Following Accounting Scandal

Nidec Corp. will release a plan this week to get its business back on track, people familiar with the matter say, after an accounting scandal that has put the company at risk of delisting and caused its debt to be downgraded to junk status.

The plan will be announced as soon as Wednesday and will include revisions to past financial results, more details on how the issues came to light and the steps that will be taken to prevent a repeat, said one of the people, who asked not to be identified because the information isn’t public.

While the initiative ...