KYOTO, Japan, Aug. 1, 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 July 1, 2013 through July 31, 2013 | |
| 2. Class of shares: Common stock | |
| 3. Number of own shares repurchased: 0 | |
| 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 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 July 31, 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 | |