KYOTO, Japan, Feb. 11, 2009 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") announced today the Company has repurchased its own shares through Osaka Securities Exchange's J-NET in accordance with its press release issued on February 10, 2009.
The details of the repurchase are as follows:
1. Reason for share repurchase: To ensure flexible capital structure
responding to changing business environment
2. Class of shares repurchased: Common stock
3. Total number of shares repurchased: 3,500,000 shares
4. Total amount of repurchase: 15,435,000,000 yen
5. Date of repurchase: Thursday, February 12, 2009
6. Method of repurchase: Repurchased through J-NET, the Osaka
Securities Exchange
(Reference 1)
Details of the Company's press release regarding the own share repurchase through J-NET (announced on February 10, 2009)
Class of shares to be repurchased: Common stock Number of shares to be repurchased: Up to 3,500,000 shares Amount of shares to be repurchased: Up to 15,435,000,000 yen
(Reference 2)
Total number of shares issued and treasury stock as of February 12,
2009:
-- Total number of shares issued (excluding treasury stock):
139,292,442 shares
-- Treasury stock held: 5,782,638 shares
The Nidec Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1734