KYOTO, Japan, July 28, 2005 (PRIMEZONE) -- Nidec Corporation (NYSE:NJ) (TSE:6594) decided at a meeting of its Board of Directors held on Thursday, July 28, 2005 to implement a two (2) for one (1) stock split of its Japanese ordinary shares (the "Stock Split") by free share distribution.
To effect this Stock Split, holders of American Depositary Shares (ADS) will receive one additional ADS for every one ADS held as of September 30, 2005.
The current ADS ratio remains unchanged (ADS ratio:1ADS=0.25 Japanese ordinary shares).
From the fiscal year ending March 31, 2006 onward, dividends per ADS will correspond to half the dividends per ADS held before the Stock Split.
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