Nidec Corp. Shin-Kawasaki Technology Center in Kawasaki. Photographer: Takaaki Iwabu/Bloomberg Nidec Corp. secured a ¥600 billion ($3.9 billion) credit line from MUFG Bank Ltd. and SMBC, easing concerns about potential liquidity strains at the maker of precision motors amid an ongoing probe into accounting issues. The commitment line agreement comprises two bilateral contracts of ¥300 billion each, unsecured and unguaranteed, with a contract period valid for one year from Nov. 7. Nidec’s stock rose as mu ...

Nidec Corp. in Kawasaki, Japan.Takaaki Iwabu/BloombergShares of Nidec, the precision motor maker founded by Japanese billionaire Shigenobu Nagamori, plunged by their daily 500 yen limit (19%) on Tuesday after the Tokyo Stock Exchange announced its decision to remove the 52-year-old company from the benchmark Nikkei 225 and Topix indexes.The exchange designated on Monday Nidec as a “security on special alert.” It cited reasons including lax internal controls and an ongoing investigation over a deepening acco ...