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Nidec Announces the Status of Own Share Repurchase

KYOTO, Japan, Aug. 3, 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 a 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 July 1, 2015 through July 31, 2015
  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, 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 July 31, 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 ir@nidec.com

Source:Nidec Corporation