NIDEC Corp : Notice Regarding the Status of Own Share Repurchase
02/01/2012| 04:30am US/Eastern
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Contact:
Masahiro Nagayasu Senior General Manager Investor
Relations
+81-75-935-6140 ir@jp.nidec.com
Released on February 1, 2012, in Kyoto, Japan
Nidec Corporation New York Stock Exchange symbol: NJ
Stock exchange code (Tokyo, Osaka): 6594
Notice Regarding the Status of Own Share Repurchase
(Repurchase of own shares, pursuant to the
Company's Articles of Incorporation based on the
provisions of Article 459-1-1 of the Companies Act of
Japan)
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 October 7, 2011, 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 January 1, 2012
through January 31, 2012
2. Class of shares: Common stock
3. Number of own shares repurchased: 0 shares
4. Total repurchase amount: 0 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 February 5, 2011 and October 7, 2011:
1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 6,000,000
shares
(4.14% of total number of shares issued)
3. Total repurchase amount: Up to 47 billion yen
4. Period of repurchase: From February 7, 2011 through
February 6, 2012
B) The accumulative number of own shares repurchased until
January 31, 2012, pursuant to the
Board of Directors resolution above:
1. Accumulative number of own shares repurchased: 2,316,700
shares
2. Total accumulative repurchase amount: 14,982,398,000 yen
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NIDEC CORPORATION
CORPORATE OFFICE: 338 TONOSHIRO-CHO, KUZE, MINAMI-KU,
KYOTO 601-8205 JAPAN
PHONE: KYOTO +81-75-935-6140 FAX:
+81-75-935-6141
URL: http://www.nidec.co.jp/english/index.html
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