Nidec Announces the Status of Own Share Repurchase

KYOTO, Japan, Dec. 01, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the “Company”) today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 22 , 2015, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

Details are as follows:

Details of Share Repurchase  　

1. Period of own share repurchase: From November 1, 2015 through November 30, 2015
   
2. Class of shares: Common stock
   
3. Number of own shares repurchased: 0
   
4. Total repurchase amount: 0 yen
   
   

Note: The above repurchase information has been prepared on the basis of execution date.

Reference

A) The following details were resolved by the Company’s Board of Directors on January 22, 2015:

1. Class of shares: Common stock
   
2. Total number of shares to be repurchased: Up to 4,000,000 shares 
   (1.42% of total number of shares issued, excluding treasury stock)
   
3. Total repurchase amount: Up to 24 billion yen
   
4. Period of repurchase: From January 27, 2015 through January 26, 2016
   
   

B) The accumulative number of own shares repurchased until November 30, 2015, pursuant to the Board of Directors resolution above:

1. Accumulative number of own shares repurchased: 250,200
   
2. Total accumulative repurchase amount: 2,053,391,400 yen
   
   

Contact:
Masahiro Nagayasu
General Manager
Investor Relations 
+81-75-935-6140
[email protected]