Nidec : Notice Regarding the Status of Own Share Repurchase
February 01, 2022 at 02:02 am EST
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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 February 1, 2022, 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 26, 2022, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details are as follows:
Details of Share Repurchase
Period of own share repurchase: From January 27, 2022 through January 31, 2022
Class of shares: Common stock
Number of own shares repurchased: 900,000
Total repurchase amount: 8,844,940,800 yen
Note: The above repurchase information has been prepared on the basis of trade date.
Reference
The following details were resolved by the Company's Board of Directors on January 26, 2022: 1. Class of shares: Common stock
2. Total number of shares that may be repurchased: Up to 4,000,000 shares (0.68% of total number of shares issued, excluding treasury stock)
3. Total repurchasable amount: 50 billion yen
4. Period of repurchase: From January 27, 2022 through January 24, 2023
Total number and yen amount of own shares repurchased from January 27, 2022 through
January 31, 2022, pursuant to the Board of Directors resolution above:
Total number of own shares repurchased: 900,000
Total repurchase amount: 8,844,940,800 yen
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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/
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Nidec Corporation published this content on 01 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2022 07:01:07 UTC.
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%).
NIDEC CORPORATION 
