NIDEC : Notification of Completion of Share Repurchase through Off-Auction Own Share Repurchase Trading (ToSTNeT-3)
December 27, 2015 at 09:11 pm EST
Share
FOR IMMEDIATE RELEASE
Nidec Corporation
New York Stock Exchange symbol: NJ
Tokyo Stock Exchange code: 6594
Contact: Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Released on December 28, 2015, in Kyoto, Japan
Notification of Completion of Share Repurchase
through Off-Auction Own Share Repurchase Trading (ToSTNeT-3)
Nidec Corporation (NYSE: NJ) (the 'Company') announced that, in connection with its announcement released on December 25, 2015, the Company has repurchased shares of its common stock through the Tokyo Stock Exchange Trading NeTwork system for Off-Auction Own Share Repurchase Trading (ToSTNeT-3) today as described below:
1. Reason for Repurchase:
This repurchase was conducted with an intention to enable agile capital management highly responsive to the changing business environment.
2. Details of Repurchase:
(1) Class of shares repurchased: Common stock
(2) Number of shares repurchased: 9,600 shares
(3) Aggregate repurchased amount: 82,771,200 yen
(4) Date of repurchase: December 28, 2015
(5) Method of repurchase: Through the Tokyo Stock Exchange Trading NeTwork System for Off-Auction Own Share Repurchase Trading (ToSTNeT-3)
Reference
The following details were resolved by the Company's Board of Directors on January 22, 2015:
1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 4,000,000 shares
(1.42% of total number of shares issued, excluding treasury stock)
3. Total repurchase amount: Up to 24 billion yen
4. Period of repurchase: From January 27, 2015 through January 26, 2016
Nidec Corporation issued this content on 2015-12-28 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-28 02:10:15 UTC
Original Document: http://www.nidec.com/en-Global/corporate/news/2015/news1228-01/
Nidec Corporation specializes in the development, manufacturing and marketing of small precision motors and automotive and appliance components. Net sales break down by family of products as follows:
- appliances, air-conditioning and industrial equipment motors (40.5%);
- small precision motors (21.9%): pin motors for hard drives, fan motors, vibrating motors, brush motors and motor applications, etc. ;
- automotive components (21.3%);
- machines (12.1%): industrial robots, card readers, test systems, presses and power transmission drives, etc. ;
- electronic and optical components (3.9%): switches, trimmer potentiometers, lens units and camera shutters, etc. ;
- other (0.3%).
The net sales are distributed geographically as follows: Japan (17.8%), China (26.7%), the United States (21.6%), Germany (6.1%), Italy (5.5%), Thailand (5.2%) and other (17.1%).