Nidec Corporation Completed Procedure Required under Austrian Cartel Act (Competition Law) regarding Tender Offer Bid for Makino Milling Machine Co., Ltd. (Securities Code: 6135)

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) herebyannouncesthat, on March 21,2025 (Austria time), the Company has obtained from the Austrian Federal Competition Authorityand Federal Cartel Prosecutortheir approvalunder the Austrian Cartel Act(Competition Law) – one of the permits and approvals for this case required for a series oftransactions for the purpose of making Makino Milling Machine Co., Ltd. (listed on Tokyo Stock Exchange, Inc.’s Prime Market) a wholly owned subsidiary of Nidec. In the Company’s press release, “Notice Regarding Scheduled Commencement of Tender Offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135),” issued on December 27, 2024, Nidec initially explained that the Tender Offer Bid is subject to approval under Council Regulation No. 139/2004 of the European Union (Competition Law). After reviewing Nidec’s merger notification, the European Commission confirmed that such approval is not required and instead, approval under the Austrian Cartel Act (Competition Law) is required to effectuate the Tender Offer Bid.We will promptly announce the completion of the other procedures required under applicable laws and regulations regarding merger control and foreign investment restriction for other jurisdictions once such procedures have been completed.