KYOTO, Japan, Feb. 3, 2014 (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 22, 2014, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details are as follows:
Details of Share Repurchase
| 1. Period of own share repurchase: From January 27, 2014 through January 31, 2014 |
| 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 22, 2014: |
| 1. Class of shares: Common stock |
| 2. Total number of shares to be repurchased: Up to 2,000,000 shares |
| (1.45% of total number of shares issued, excluding treasury stock) |
| 3. Total repurchase amount: Up to 24 billion yen |
| 4. Period of repurchase: From January 27, 2014 through January 26, 2015 |
| B) The accumulative number of own shares repurchased until January 31, 2014, pursuant to the Board of Directors resolution above: |
| 1. Accumulative number of own shares repurchased: 0 |
| 2. Total accumulative repurchase amount: 0 yen |