Nidec named Michio Kaida president and chief executive officer on September 29, the day Mitsuya Kishida resigned, a transition reported by Jiji Press and MarkLines. The company’s official notice confirms that both steps took effect that day and explains the board’s stated reason for Kishida’s departure.
A same-day appointment during a financial review
Kaida moves from Nidec’s first senior vice president and chief technology officer, positions he had held since 2024. His connection to the company runs much deeper: he joined a predecessor business in 1979, led Nidec-Read as its president from 2003, and later served as chairman. The board named him president and CEO effective September 29, while retaining his CTO remit.
Nidec’s board said the choice followed deliberation by its Nomination Committee, composed solely of independent outside directors. The committee cited Kaida’s work as vice chair of the Nidec Corporate Reform Committee, his role in reforms, and his understanding of what the company described as a challenging business environment. The board also said it considered his commitment to engaging with stakeholders in good faith.
The appointment notice adds that an independent third-party organization assessed candidates’ management capabilities and that committee members conducted interviews. It does not name the other candidates or describe a contested process.
The departure that opened the role is unusually specific in the company’s account. Nidec said it reviewed the conduct of officers and employees under its former executive structure while preparing results for the year ended March 31, 2026, and correcting prior financial statements. That review found that Kishida had, on some occasions, made statements or engaged in conduct relating to financial reporting that “could not necessarily be regarded as appropriate.” The company’s notice does not go beyond that description and the financial-reporting context.
There is one formal step still ahead: Nidec appointed Kaida president and CEO immediately, but said his appointment as representative director is scheduled for approval at an extraordinary shareholders’ meeting and a board meeting afterward. That distinction makes the timing clear without suggesting the operating handoff is delayed. It is a different kind of succession from Volvo Cars’ planned CEO transition, where the next leader was named ahead of the effective date.
