KYOTO, Japan, March 1, 2012 (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 February 5, 2012, pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act of Japan.
The details are as follows:
Details of Share Repurchase
1. Period of own share repurchase: From February 7, 2012 through February 29, 2012
2. Class of shares: Common stock
3. Number of own shares repurchased: 0 shares
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 February 5, 2012:
1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 3,000,000 shares
(2.07% of total number of shares issued)
3. Total repurchase amount: Up to 25 billion yen
4. Period of repurchase: From February 7, 2012 through February 6, 2013
B) The accumulative number of own shares repurchased until February 29, 2012, pursuant to the Board of Directors resolution above:
1. Accumulative number of own shares repurchased: 0 shares
2. Total accumulative repurchase amount: 0 yen