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Nidec Announces the Status of Own Share Repurchase

Nidec Corporation

KYOTO, Japan, May 7, 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 March 8, 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 April 1, 2014 through April 30, 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 and March 8, 2014:

1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 4,000,000 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 April 30, 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

Source:Nidec Corporation