Japan's Nidec Corp said on Tuesday it was 'absolutely not true' that it had engaged in inappropriate handling of share buybacks, responding to a report from magazine Toyo Keizai.
Nidec Corp's logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-Hoonsaid on Tuesday it was "absolutely not true" that it had engaged in inappropriate handling of share buybacks, responding to a report from magazine Toyo Keizai.
Nidec, a major manufacturer of electric motors, said it was considering various options, including taking legal action against the publication.Shares of Nidec finished the morning session in Tokyo down 8.7%.Reporting by David Dolan and Satoshi Sugiyama
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