KYOTO, Japan, April 23, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation ("Nidec") (NYSE:NJ) announced today that, at its board meeting held today, it has resolved to implement share exchange transactions to make Nidec Copal Corporation ("Nidec Copal"), Nidec Tosok Corporation ("Nidec Tosok") and Nidec Seimitsu Corporation ("Nidec Seimitsu") wholly owned subsidiaries of Nidec and agreed accordingly with the respective companies. The background of the resolution is as follows.
Nidec Resolves To Make Nidec Copal Corp., Nidec Tosok Corp. And Nidec Seimitsu Corp. Its Wholly Owned Subsidiaries
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