KYOTO, Japan, March 2, 2015 (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 the meeting of the Board of Directors held on January 22 , 2015, 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 February 1, 2015 through February 28, 2015
2. Class of shares: Common stock
3. Number of own shares repurchased: 250,200
4. Total repurchase amount: 2,053,391,400 yen
5. Method of repurchase: Through the Tokyo Stock Exchange Trading Network System for Off-Auction Own Share Repurchase Trading (ToSTNeT-3)
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, 2015:
1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 4,000,000 shares
(1.42% 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, 2015 through January 26, 2016
B) The accumulative number of own shares repurchased until February 28, 2015, pursuant to the Board of Directors resolution above:
1. Accumulative number of own shares repurchased: 250,200
2. Total accumulative repurchase amount: 2,053,391,400 yen