Masahiro Nagayasu
General Manager
Investor Relations

Released on August 17, 2023, in Kyoto, Japan

As explained in the press release issued on July 13, 2023, NidecCorporation (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 theTransaction. In relation to the aforementioned matter, the Company has answered the initial list of required information on August 1, 2023, as released with the title “Notice Regarding Nidec Corporation’s Answer to a List of Required Information from Takisawa Machine Tool Co., Ltd. (Securities Code: 6121)” on the same date, and was constructively discussing with Takisawa through a meeting after the answer on August 1.The Company has received an additional list of required information based on the discussion from Takisawa today.

The Company intends to examine and respond to lists of required information, received today and from today onwards, with sincerity and will provide necessary information forTakisawa to announce its opinion on September 13, 2023.