KYOTO, Japan, Jan. 05, 2016 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE: NJ ) (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 22, 2015, 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 December 1, 2015 through December 31, 2015 2. Class of shares: Common stock 3. Number of own shares repurchased: 9,600 4. Total repurchase amount: 82,771,200 yen
Note: The above repurchase information has been prepared on the basis of execution date.
Reference A) 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
B) The accumulative number of own shares repurchased until December 31, 2015, pursuant to the Board of Directors resolution above: 1. Accumulative number of own shares repurchased: 259,800 2. Total accumulative repurchase amount: 2,136,162,600 yen
CONTACT: Contact: Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 ir@nidec.com