KYOTO, Japan, Nov. 01, 2016 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) (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 21, 2016, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan. Details are as follows: Details of Share Repurchase
- Period of own share repurchase: From October 1, 2016 through October 31, 2016
- Class of shares: Common stock
- Number of own shares repurchased: 0
- Total repurchase amount: 0 yen
- Class of shares: Common stock
- Total number of shares that may be repurchased: Up to 3,000,000 shares (1.01% of total number of shares issued, excluding treasury stock)
- Total repurchase amount: Up to 24 billion yen
- Period of repurchase: From January 27, 2016 through January 26, 2017
- Total number of own shares repurchased: 0
- Total repurchase amount: 0 yen
Contact:Masahiro NagayasuGeneral ManagerInvestor Relations+81-75-935-6140ir@nidec.com