Notice Regarding 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 Companies Act of Japan)


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



            

Tags


Contact Data