(Repurchase of own shares, pursuant to the Company's Articles of Incorporation based on the provisions of Article 459-1-1 of the Company Law of Japan)
KYOTO, Japan, June 2, 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 March 8, 2014, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details are as follows:
Details of Share Repurchase
Note: The above repurchase information has been prepared on the basis of execution date.
A) The following details were resolved by the Company's Board of Directors on January 22, 2014 and March 8, 2014:
B) The accumulative number of own shares repurchased until May 31, 2014, pursuant to the Board of Directors resolution above:
CONTACT: Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 firstname.lastname@example.org