Contact:
Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Released on January 15th, 2025, in Kyoto, Japan

 

As explained in the press release issued on December 27, 2024, Nidec Corporation (the “Company”) decided, as part of a series of transactions (the “Transaction”) aimed at making Makino Milling Machine Co., Ltd. (“Target Company”), a company listed on the Prime Market of the Tokyo Stock Exchange, Inc., a wholly owned subsidiary of the Company, to acquire common shares of Target Company through a tender offer, and, on the same date, submitted to Target Company a letter of intent.

Today, in relation to the aforementioned matter, the Company has received a request letter of the Transaction from the special committee, which consists ofindependent and outside board members of Target Company.

The Company sincerely intends to examine and respond to the request letter.