Nidec Corporation (TSE:6594) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 0.35% of its share capital, for ¥11,000 million. The purpose of the program is to enable agile capital management highly responsive to the changing business environment.

The repurchase program will expire on May 24, 2024. As of December 31, 2023, the company has 574,599,523 shares outstanding (excluding treasury shares) and 21,684,945 shares in treasury.