Notice Regarding Nidec Corporation's Answer to a List of Required Information from Takisawa Machine Tool Co., Ltd. (Securities Code: 6121)
August 02, 2023 at 08:39 am EDT
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As explained in the press release issued on July 13, 2023, Nidec Corporation (the 'Company') decided, as part of a series of transactions (the 'Transaction') aimed at making Takisawa Machine Tool Co., Ltd. ('Takisawa'), a company listed on the Standard Market of the Tokyo Stock Exchange, Inc., a wholly owned subsidiary of the Company, to acquire common shares of Takisawa through a tender offer, and, on the same date, submitted to Takisawa a letter of intent stating the Company's detailed proposal regarding the Transaction.
Today, in relation to the aforementioned matter, the Company has answered a list of required information from Takisawa, which received on July 28th, 2023
The Company will sincerely provide necessary information for Takisawa to announce its opinion on September 13, 2023 in a timely manner.
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 
