Nidec shares plunge 18% following reported $6.3 billion impairment charge
Source Summary
Nidec's stock fell 18% on a report of a $6.3 billion impairment charge. The Japanese manufacturer's shares declined sharply in response to the reported write-down.
Why it matters
A $6.3 billion impairment represents a material charge that directly impacts shareholder value and the company's reported earnings.
