Oasis Urges Nidec to Explore Privatization on Delisting Risk

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.

Oasis Management Co.正在加大对Nidec Corp.的施压力度，敦促这家日本制造商探索私有化选项，以保护股东利益。这家持有8%股份的公司已呼吁Nidec董事会，特别是外部董事，聘请财务顾问，并向战略买家和私募股权公司征集初步收购提案。Oasis还要求进行可行性审查，而非做出交易承诺。Nidec在截至3月31日的财年报告了5646亿日元（36亿美元）的净亏损，面临退市风险，其审计师普华永道日本（PwC Japan）因会计丑闻拒绝签署财务报表。在首席执行官贝谷道夫（Michio Kaida）的领导下，公司正努力解决报告问题，同时面临来自对冲基金（如Aspex Management）的投资者压力。Oasis自2025年12月以来一直倡导私有化，警告称如果在以公平市场价格出售前被退市，股东可能遭受损失。该公司认为，即使Nidec仍保持上市地位，私有化审查也可提供外部估值评估。