- Contact:
- Masahiro Nagayasu
- General Manager
- Investor Relations
- +81-75-935-6140
- ir@nidec.com
Released on November 2, 2020, in Kyoto, Japan
(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 23, 2020, and February 8, 2020, 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 October 1, 2020 through October 31, 2020 |
| 2. Class of shares: | Common stock |
| 3. Number of own shares repurchased: | 0 |
| 4. Total repurchase amount: | 0 yen |
Reference
A) The following details were resolved by the Company’s Board of Directors on January 23, 2020 and February 8, 2020:| 1. Class of shares: | Common stock |
| 2. Total number of shares that may be repurchased: | Up to 8,000,000 shares (1.36% of total number of shares issued, excluding treasury stock) |
| 3. Total repurchasable amount: | 50 billion yen |
| 4. Period of repurchase: | From January 24, 2020 through January 22, 2021 |
B) Total number and yen amount of own shares repurchased from January 24, 2020 through through October 31, 2020, pursuant to the Board of Directors resolution above:
| 1. Total number of own shares repurchased: | 2,850,200 |
| 2. Total repurchase amount: | 18,527,768,000 yen |
