KYOTO, Japan--()--Nidec Corporation (TOKYO: 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 July 23, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Details of Share Repurchase

  1. Period of own share repurchase: From February 1, 2025 through February 28, 2025
  2. Class of shares: Common stock
  3. Number of own shares repurchased: 800,300 shares
  4. Total repurchase amount: 2,114,812,950 yen

Note: The above repurchase information has been prepared on the basis of trade date.

Reference

A) Details of the share repurchase plan authorized by the Board of Directors on July 23, 2024:

  1. Class of shares: Common stock
  2. Total number of shares that may be repurchased: Up to 10,000,000 shares
    (0.87% of total number of shares issued, excluding treasury stock)
  3. Total repurchasable amount: 35 billion yen
  4. Period of repurchase: From May 27, 2024 through May 26, 2025

B) Total number and yen amount of own shares repurchased from May 27, 2024 through February 28, 2025, pursuant to the Board of Directors resolution above:

  1. Total number of own shares repurchased: 800,300 shares
  2. Total repurchase amount: 2,114,812,950 yen