Activist urges Nidec buyout as Japan exchange overhauls Topix

· Politics · Japan

Activist investor Oasis urged Nidec Corp., the embattled Japanese electric motor maker, to consider putting itself up for sale, warning of delisting risk amid a long-simmering accounting scandal, a sign confidence in management is waning. Separately, Japan Exchange Group's largest-ever Topix overhaul will remove 683 companies under tougher inclusion rules. IMF chief Kristalina Georgieva voiced concern that the 10-year Japanese government bond yield has reached its highest level in about 30 years.

Why it matters：The pressure on Nidec and the Topix overhaul signal rising shareholder activism and governance reform in Japan's equity market.

Key points

  • Oasis urged Nidec to consider a buyout and warned of delisting risk.
  • The Topix overhaul will remove 683 companies.
  • The IMF chief flagged Japan's 10-year yield at a 30-year high.

Sources (original reporting)

More stories from this day