- Masahiro Nagayasu
- General Manager
- Investor Relations
- +81-75-935-6140
- ir@nidec.com
(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)
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (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 24, 2018, 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 July 1, 2018 through July 31, 2018 |
| 2. Class of shares: |
Common stock |
| 3. Number of own shares repurchased: |
70,000 |
| 4. Total repurchase amount: |
1,121,700,000 |
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 24, 2018:
| 1. Class of shares: |
Common stock |
| 2. Total number of shares that may be repurchased: |
Up to 3,000,000 shares
(1.01% of total number of shares issued, excluding treasury stock) |
| 3. Total repurchase amount: |
Up to 50 billion yen |
| 4. Period of repurchase: |
From January 29, 2018 through January 28, 2019 |
B) Total number and yen amount of own shares repurchased from January 29, 2018 through July 31, 2018, pursuant to the Board of Directors resolution above:
| 1. Total number of own shares repurchased |
364,200 |
| 2. Total repurchase amount: |
5,836,381,000 yen |
