KYOTO, Japan, May 7, 2013 (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 January 24, 2013, pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act of Japan.
Details are as follows:
| Details of Share Repurchase |
| 1. Period of own share repurchase: From April 1, 2013 through April 30, 2013 |
| 2. Class of shares: Common stock |
| 3. Number of own shares repurchased: 500,000 shares |
| 4. Total repurchase amount: 2,695,777,000 yen |
| 5. Method of repurchase: Repurchased on the Osaka Securities Exchange through a trust established for this purpose. |
| 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 24, 2013: |
| 1. Class of shares: Common stock |
| 2. Total number of shares to be repurchased: Up to 3,000,000 shares |
| (2.21% of total number of shares issued, excluding treasury stock) |
| 3. Total repurchase amount: Up to 20 billion yen |
| 4. Period of repurchase: From January 25, 2013 through January 24, 2014 |
| B) The accumulative number of own shares repurchased until April 30, 2013, pursuant to the Board of Directors resolution above: |
| 1. Accumulative number of own shares repurchased: 1,347,800 shares |
| 2. Total accumulative repurchase amount: 7,190,003,000 yen |