Nidec Announces the Status of Own Share Repurchase

KYOTO, Japan, March 2, 2015 (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 the meeting of the Board of Directors held on January 22 , 2015, 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 February 1, 2015 through February 28, 2015

2. Class of shares: Common stock

3. Number of own shares repurchased: 250,200

4. Total repurchase amount: 2,053,391,400 yen

5. Method of repurchase: Through the Tokyo Stock Exchange Trading Network System for Off-Auction Own Share Repurchase Trading (ToSTNeT-3)

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 22, 2015:

1. Class of shares: Common stock

2. Total number of shares to be repurchased: Up to 4,000,000 shares 

(1.42% 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, 2015 through January 26, 2016

B) The accumulative number of own shares repurchased until February 28, 2015, pursuant to the Board of Directors resolution above:

1. Accumulative number of own shares repurchased: 250,200

2. Total accumulative repurchase amount: 2,053,391,400 yen

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

Source:Nidec Corporation