Nidec Announces the Status of Own Share Repurchase

KYOTO, Japan, June 01, 2020 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the Company) today announced the status of the Companys 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.

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Monday, June 1, 2020
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Financial markets, Stock market, Financial economics, Corporate finance, Finance, Equity securities, Balance sheet, Share repurchase, Issued shares, Treasury stock, Stock, Nidec
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Kyoto, , JP
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NIDEC CORPORATION
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  • KYOTO, Japan, June 01, 2020 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the Company) today announced the status of the Companys 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.
  • Period of own share repurchase: From May 1, 2020 through May 31, 2020
    Number of own shares repurchased: 0
    Note: The above repurchase information has been prepared on the basis of trade date.
  • A) The following details were resolved by the Companys Board of Directors on January 23, 2020 and February 8, 2020:
    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)
    B) Total number and yen amount of own shares repurchased from January 24, 2020 through May 31, 2020, pursuant to the Board of Directors resolution above:
    Total number of own shares repurchased: 2,850,200


KYOTO, Japan, June 01, 2020 (GLOBE NEWSWIRE) -- 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 May 1, 2020 through May 31, 2020
  2. Class of shares: Common stock
  3. Number of own shares repurchased: 0
  4. Total repurchase amount: 0 yen

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

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 May 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

Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
[email protected]

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