KYOTO, Japan, Sept. 2, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (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, 2013, pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act of Japan.
Details are as follows:
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Details of Share Repurchase |
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1. Period of own share repurchase: From August 1, 2013 through August 31, 2013 |
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2. Class of shares: Common stock |
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3. Number of own shares repurchased: 0 |
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4. Total repurchase amount: 0 yen |
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Note: The above repurchase information has been prepared on the basis of execution date. |
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Reference |
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A) The following details were resolved by the Company's Board of Directors on January 24, 2013: |
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1. Class of shares: Common stock |
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2. Total number of shares to be repurchased: Up to 3,000,000 shares |
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(2.21% of total number of shares issued, excluding treasury stock) |
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3. Total repurchase amount: Up to 20 billion yen |
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4. Period of repurchase: From January 25, 2013 through January 24, 2014 |
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B) The accumulative number of own shares repurchased until August 31, 2013, pursuant to the Board of Directors resolution above: |
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1. Accumulative number of own shares repurchased: 1,347,800 shares |
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2. Total accumulative repurchase amount: 7,190,003,000 yen |
CONTACT: Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
