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)
KYOTO, Japan, Nov 1, 2012 (Menafn - GlobeNewswire via COMTEX) --Nidec Corporation 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 June 9, 2012, 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 October 1,
2012 through October 31, 2012
2. Class of shares: Common stock
3. Number of own shares repurchased: 0 shares
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 February 5, 2012 and June 9, 2012:
1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 5,000,000 shares
(3.45% of total number of shares issued)
3. Total repurchase amount: Up to 40 billion yen
4. Period of repurchase: From February 7, 2012 through February 6, 2013
B) The accumulative number of own shares repurchased until October 31, 2012, pursuant to the Board of Directors resolution above:
1. Accumulative number of own shares repurchased: 4,230,400 shares
2. Total accumulative repurchase amount: 26,715,197,000 yen
The Nidec Corporation logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=1734
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Nidec America Corporation
(Logo:http://media.primezone.com/cache/5446/int/2048.jpg)
CONTACT: Masahiro Nagayasu
General Manager
Investor Relations
81-75-935-6140
ir@jp.nidec.com
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