---
title: "Nidec: customs payments, origin labels and a separate refund claim"
language: en
canonical: https://dossiertwist.com/dossiers/nidec/customs-and-origin/
as_of: 2026-10-06
keywords: ["Nidec","accounting","corporate governance","audit","quality","subsidiaries"]
---

# Nidec: customs payments, origin labels and a separate refund claim

**Question.** Which customs matters were closed, and which remained open?

**Answer.** One named Italian subsidiary’s US customs matter was reported closed. Other disclosures, investigations and a tariff-refund application were at different stages and cannot be treated as a single resolved balance.

## Payments are not one group-wide closure

- Analysis: Nidec’s annual report says NIDEC FIR INTERNATIONAL paid approximately US$6.8 million including interest for US customs underpayments for April 2021–September 2025, and that CBP closed that matter on 2 December 2025. Nidec Motor Corporation and Nidec Global Appliance North America separately estimated additional duties of approximately US$70.7 million including interest and made voluntary disclosures in August 2026; those matters remained pending. These are the company’s account of the named entities’ customs matters. A closed FIR matter does not close the separate NMC/NGANA disclosures. FIR INTERNATIONAL is not silently merged with another similarly named Italian group company. [s-d10]
- Analysis: The annual report identifies approximately US$16.6 million of additional US underpayment exposure at five other subsidiaries, investigation at a further 21, and planned voluntary disclosure for those 26. It also describes undervalued used-equipment imports by former Nidec Elesys in China, a completed Swiss registration matter with no stated financial impact and separate Chinese withholding-tax issues. The company characterised the identified Chinese financial effects as limited. The unnamed subsidiaries are not assigned to named group companies merely because they operate in the same country. The US amounts describe separate disclosed groups and stages, not an additional amount to be added twice. [s-d10]

## Origin controls and the refund boundary

- Analysis: The quality report describes questionable Japan-origin labels or invoices for NDTC machine parts and measuring products, and former Nidec Elesys supplier certificates that continued to claim Japanese origin after part of production moved abroad. These are source-described origin-control failures. They are not equated with every US customs underpayment in the annual report; the sources use different case scopes. [s-d187]
- Analysis: Separately from customs underpayments, Nidec disclosed an application for roughly US$70 million in IEEPA-related tariff refunds in the United States. The application was pending in the retained disclosure. It is neither an approved receivable recovery nor an offset that can be netted against the separately reported customs payments. [s-d10]

## Sources

- [s-d10] Company statement source · s-d10
- [s-d187] Research source · s-d187