Oasis Management Co. is intensifying pressure on Nidec Corp., urging the Japanese manufacturer to explore privatization options to protect shareholder interests. The 8% owner has called on Nidec's board, particularly outside directors, to retain financial advisers and solicit preliminary buyout proposals from strategic buyers and private equity firms. Oasis also demands a feasibility review rather than a transaction commitment.
Nidec faces delisting risk after reporting a ¥564.6 billion ($3.6 billion) net loss for the year ended March 31, with auditor PwC Japan refusing to sign off on financial statements amid an accounting scandal. Under CEO Michio Kaida, the company is working to resolve reporting issues while facing investor pressure from hedge funds like Aspex Management. Oasis has advocated privatization since December 2025, warning shareholders could lose value if delisted before selling at fair market price.
The firm argues a privatization review could provide external value assessments even if Nidec remains listed.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing