Masahiro Nagayasu
General Manager
Investor Relations

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.
(2) Headquarters 12F, No.123-1, Xingde Road, Sanchung, New Taipei City 241, Taiwan, R.O.C.
(3) Name and title of representative Chairman, Wu Shih Ling
(4) Description of business Development, manufacturing, and sales of thermal module products
(5) Capital TWD 863,433,960
(6) Date of establishment December 14, 1973
(7)Consolidated financial results and financial conditions of CCI
Accounting period December 2015 December 2016 December 2017
Net assets
Total assets
Book-value per share
Operating profit
Net profit
Earnings per share
TWD 3,494M
TWD 6,215M
TWD 40.47
TWD 6,044M
TWD 801M
TWD 671M
TWD 7.77
TWD 3,782M
TWD 6,730M
TWD 43.80
TWD 7,297M
TWD 1,194M
TWD 946M
TWD 10.95
TWD 3,599M
TWD 6,489M
TWD 41.68
TWD 7,067M
TWD 767M
TWD 500M
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%)
(2) Number of shares acquired 41,444,831 shares
(Number of voting rights: 41,444,831)
(3) Cost of investment Approximately TWD 4,476 million
(4) 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.