The closing of the Transaction is currently expected to be completed on April 1, 2010. The closing date may change, depending on the timing of obtaining required regulatory approvals and other factors.
5. Effect on Financial Performance for the Current and Immediately Following Fiscal Years
The impact of the Transaction on Nidec's consolidated financial performance for the current fiscal year is expected to be immaterial.
Once Nidec determines the accounting impact of the Transaction on its financial performance for the immediately following fiscal year, Nidec will make appropriate disclosure in accordance with the rules of the Tokyo Stock Exchange.
Cautionary Statement Concerning Forward-Looking Information
This press release contains forward-looking statements regarding the intent, belief, strategy, plans or current expectations of Nidec or other parties. Such forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Actual results may differ materially from those described in such forward-looking statements as a result of various factors, including, but not limited to, the anticipated benefits of the planned transaction not being realized, shifts in technology or user preferences for particular technologies, and changes in economic environments. Nidec does not undertake any obligation to update the forward-looking statements contained herein, nor to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.
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CONTACT: Nidec Corporation
Masahiro Nagayasu, General Manager