FOR IMMEDIATE RELEASE

Nidec Corporation
New York Stock Exchange symbol: NJ
Stock exchange code (Tokyo, Osaka): 6594

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

Released on January 24, 2013, in Kyoto, Japan

 

Nidec Announces the Status of Share Repurchases and the Termination of the Share Repurchase Plan

(Repurchases of Shares Pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act of Japan.)

Nidec Corporation (NYSE: NJ) (the ”Company”) today announced the status of the Company’s share repurchases under its repurchase plan in accordance with the Articles of Incorporation pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act of Japan.
The Company’s share repurchase plan authorized by the Board of Directors on February 5, 2012, as modified by a resolution of the Board of Directors on June 9, 2012, has been terminated as of January 24, 2013.

Details of Share Repurchase

1. Period of share repurchase: From January 1, 2013 through January 24, 2013
2. Class of shares: Common stock
3. Number of own shares repurchased: 0 shares
4. Total repurchase amount: 0 yen

Reference

A) Details of the share repurchase plan authorized by the Board of Directors on February 5, 2012, as modified by a esolution of the Board of Directors on June 9, 2012:

1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 5,000,000 shares
(3.45% of total number of shares issued)
3. Total repurchase amount: Up to 40 billion yen
4. Period of repurchase: From February 7, 2012 through February 6, 2013

B) Total number of shares repurchased through January 24, 2013, pursuant to the authorization of the Board of Directors describe above:

1. Total number of shares repurchased: 4,230,400 shares
2. Total repurchase amount: 26,715,197,000 yen