Japan's scandal-hit Nidec to have $3.8bn in credit lines renewed

Nikkei Asia · Staff Writer · 2026-11-04 16:43 UTC

MUFG Bank, SMBC deem motor maker's businesses essential, but stock listing still in peril

TOKYO/KYOTO -- MUFG Bank and Sumitomo Mitsui Banking Corp. will renew 600 billion yen ($3.8 billion) in commitment line agreements with Nidec to help stabilize the electric motor maker's cash flow following an accounting scandal, Nikkei has learned.

MUFG Bank, SMBC deem motor maker's businesses essential, but stock listing still in peril

Nidec was designated a "security on special alert" by the Tokyo Stock Exchange in 2025 and could still lose its listing. (Photo by Kosaku Mimura)

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