Masahiro Nagayasu
General Manager
Investor Relations

Released on August 22, 2023, in Kyoto, Japan

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. In relation to the aforementioned matter, the Company has been constructively discussing the Transaction with Takisawa through both written and oral communication as released with the title “Notice Regarding Nidec Corporation’s Receipt of an Additional List of Required Information from Takisawa Machine Tool Co., Ltd. (Securities Code: 6121)” on August 17, 2023. Today the Company has answered to the additional list of required information from Takisawa, which received on August 17, 2023.

The Company will keep constructive communication withTakisawa so that Takisawa will be able to announce its opinion on September 13, 2023.