Nidec Announces The Status Of Own Share Repurchase

KYOTO, Japan, Feb. 3, 2014 (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, 2014, 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 January 27, 2014 through January 31, 2014
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, 2014:
 
1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 2,000,000 shares
(1.45% 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, 2014 through January 26, 2015
 
B) The accumulative number of own shares repurchased until January 31, 2014, pursuant to the Board of Directors resolution above:
 
1. Accumulative number of own shares repurchased: 0
2. Total accumulative repurchase amount: 0 yen
CONTACT: Masahiro Nagayasu         General Manager         Investor Relations         +81-75-935-6140         ir@nidec.com

Nidec Corporation

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