Nidec Announces the Status of Own Share Repurchase

KYOTO, Japan, Jan. 05, 2017 (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 December 20, 2016, 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 December 1, 2016 through December 31, 2016
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.

A) The following details were resolved by the Company’s Board of Directors on January 21, 2016 and December 20, 2016:
1. Class of shares: Common stock
2. Total number of shares that may be repurchased: Up to 5,000,000 shares
(1.69% of total number of shares issued, excluding treasury stock)
3. Total repurchase amount: Up to 50 billion yen
4. Period of repurchase: From January 27, 2016 through January 26, 2017

B) Total number and yen amount of own shares repurchased from January 27, 2016 through December 31, 2016, pursuant to the Board of Directors resolution above:
1. Total number of own shares repurchased: 0
2. Total repurchase amount: 0 yen

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

Source:Nidec Corporation