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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nidec Corporation    6594   JP3734800000

NIDEC CORPORATION

(6594)
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Nidec : Notice Regarding the Status of Own Share Repurchase

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10/01/2020 | 04:25am EDT

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140ir@nidec.com

Released on October 1, 2020, in Kyoto, Japan

Notice Regarding the Status of Own Share Repurchase

(Repurchase of own shares, pursuant to the Company's Articles of Incorporation based on the provisions of Article 459-1-1 of the Company Law of Japan)

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 September 1, 2020 through September 30, 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

  1. 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
  1. Total number and yen amount of own shares repurchased from January 24, 2020 through September 30, 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

-###-

NIDEC CORPORATION

CORPORATE OFFICE: 338 KUZETONOSHIRO-CHO,MINAMI-KU, KYOTO 601-8205 JAPAN

PHONE: KYOTO +81-75-935-6140 FAX: +81-75-935-6141

URL: https://www.nidec.com/en/

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Nidec Corporation published this content on 01 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2020 07:24:07 UTC


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Sales 2021 1 523 B 14 494 M 14 494 M
Net income 2021 110 B 1 044 M 1 044 M
Net Debt 2021 405 B 3 860 M 3 860 M
P/E ratio 2021 56,8x
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TrendsBullishBullishBullish
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Average target price 10 137,50 JPY
Last Close Price 10 650,00 JPY
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Spread / Average Target -4,81%
Spread / Lowest Target -45,5%
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