Nidec Announces the Status of Own Share Repurchase
(Repurchase of Own Shares, Pursuant to the Company's Articles of Incorporation Based on the Provisions of Article 459-1-1 of the Company Law of Japan)
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KYOTO, Japan, April 1, 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 March 1, 2015 through March 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 March 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
[email protected]
Source: Nidec Corporation
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