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Nidec Announces The Status Of Share Repurchases And The Termination Of The Share Repurchase Plan

Stocks in this article: NJ

KYOTO, Japan, Jan. 24, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced the status of the Company's share repurchases under its repurchase plan in accordance with the Articles of Incorporation pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

The Company's share repurchase plan authorized by the Board of Directors on January 24, 2013, has been terminated as of January 24, 2014.

Details of Share Repurchases

1. Period of share repurchases: From January 1, 2014 through January 24, 2014
2. Class of shares: Common stock
3. Number of shares repurchased: 0 shares
4. Total repurchase amount: 0 yen

Reference

A) Details of the share repurchase plan authorized by the Board of Directors on January 24, 2013:
 
1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 3,000,000 shares
(2.21% of total number of shares issued, excluding treasury stock)
3. Total repurchase amount: Up to 20 billion yen
4. Period of repurchase: From January 25, 2013 through January 24, 2014
 
B) Total number of shares repurchased through January 24, 2014, pursuant to the authorization of the Board of Directors described above:
 
1. Total number of shares repurchased: 1,347,800 shares
2. Total repurchase amount: 7,190,003,000 yen
CONTACT: Masahiro Nagayasu
         General Manager
         Investor Relations
         +81-75-935-6140
         ir@nidec.com

Nidec Corporation

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