KYOTO, Japan, March 1, 2013 (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 24, 2013, pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act of Japan.

Details are as follows:

Details of Share Repurchase  

1. Period of own share repurchase: From February 1, 2013 through February 28, 2013

2. Class of shares: Common stock

3. Number of own shares repurchased: 726,400 shares

4. Total repurchase amount: 3,837,124,000 yen

5. Method of repurchase: Repurchased on the Osaka Securities Exchange through a trust established for this purpose.

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


A) The following details were resolved by the Company's 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) The accumulative number of own shares repurchased until February 28, 2013, pursuant to the Board of Directors resolution above:

1. Accumulative number of own shares repurchased: 726,400 shares

2. Total accumulative repurchase amount: 3,837,124,000 yen

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CONTACT: Masahiro Nagayasu         General Manager         Investor Relations         +81-75-935-6140

Nidec Corporation