Nidec Corporation
 Tokyo Stock Exchange code: 6594

              Masahiro Nagayasu
  General Manager
  Investor Relations

Released on November 30, 2018, in Kyoto, Japan

Nidec Announces Completion of Tender Offer for Shares of
Chaun-Choung Technology Corp., Taiwan


Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it has completed the tender offer for 48.0% of the outstanding shares of Chaun-Choung Technology Corp. (TWSE: 6230) (“CCI”) based in Taiwan which was commenced on October 3, 2018 (the “Tender Offer”), in line with its previous announcement title “Nidec Announces Fulfillment of All the Conditions of Tender Offer for Chaun-Choung Technology Corp., Taiwan” dated November 12, 2018.
This transaction does not fall under the public tender offer defined in Paragraph 1, Article 27-2 of the Financial Instruments and Exchange Act of Japan.

1. Summary of CCI

(1)   Company name Chaun-Choung Technology Corp.
Headquarters 12F, No.123-1, Xingde Road, Sanchung, New Taipei City 241, Taiwan, R.O.C.
Name and title of representative Chairman, Wu Shih Ling
Description of business Development, manufacturing, and sales of thermal module products
Capital  TWD 863,433,960
Date of establishment December 14, 1973
Consolidated financial results and financial conditions of CCI
Accounting period December 2015  December 2016  December 2017
Net assets 
TWD 3,494M 
TWD 3,782M
TWD 3,599M
Total assets 
TWD 6,215M
TWD 6,730M
TWD 6,489M
Book-value per share
TWD 40.47 
TWD 43.80
TWD 41.68
TWD 6,044M
TWD 7,297M 
TWD 7,067M
Operating profit 
TWD 801M 
TWD 1,194M
TWD 767M
Net profit
TWD 671M 
TWD 946M 
TWD 500M
Earnings per share
TWD 7.77
TWD 10.95
TWD 5.79

2. Number of shares acquired, cost of investment paid and shares held by Nidec Corporation before and after investment

(1)   Number of shares held prior to the Tender Offer  0 shares
(Number of voting rights: 0)
(Voting rights ownership: 0.0%)
Number of shares acquired 41,444,831 shares
(Number of voting rights: 41,444,831)
Cost of investment Approximately TWD 4,476 million
Number of shares held after the Tender Offer 41,444,831 shares
(Number of voting rights: 41,444,831)
(Voting rights ownership: 48.0%)

3. Schedule

Completion date of stock transfer    November 30, 2018

4. Future outlook

The Tender Offer is expected to have no significant impact on Nidec’s consolidated financial performance for the fiscal year ending March 31, 2019. Nidec will make additional disclosure on a timely basis in accordance with the rules of the Tokyo Stock Exchange upon determination of further details.

Cautionary Statement Concerning Forward-Looking Information

This press release contains forward-looking statements regarding the intent, belief, strategy, plans or expectations of the Nidec Group or other parties. Such forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Actual results may differ materially from those described in such forward-looking statements as a result of various factors, including, but not limited to, the risks to successfully integrating the acquired business with the Nidec Group, the anticipated benefits of the Tender Offer not being realized, changes in general economic conditions, shifts in technology or user preferences for particular technologies and changes in business and regulatory environments. The Nidec Group does not undertake any obligation to update the forward-looking statements contained herein or the reasons why actual results could differ from those projected in the forward-looking statements except as may be required by law.