Nidec Announces Notice Regarding the Status of Own Share Repurchase

(Repurchase of Own Shares, Pursuant to the Company's Articles of Incorporation Based on the Provisions of Article 459-1-1 of the Companies Act of Japan)


KYOTO, Japan, April 1, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced the status of the Company's own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 24, 2013, pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act of Japan.

Details are as follows:

Details of Share Repurchase  

1. Period of own share repurchase: From March 1, 2013 through March 31, 2013
2. Class of shares: Common stock
3. Number of own shares repurchased: 121,400 shares
4. Total repurchase amount: 657,102,000 yen
5. Method of repurchase: Repurchased on the Osaka Securities Exchange through a trust established for this purpose.
 
Note: The above repurchase information has been prepared on the basis of execution date.

Reference

A) The following details were resolved by the Company's Board of Directors on January 24, 2013:

1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 3,000,000 shares 
(2.21% of total number of shares issued, excluding treasury stock)
3. Total repurchase amount: Up to 20 billion yen
4. Period of repurchase: From January 25, 2013 through January 24, 2014

B) The accumulative number of own shares repurchased until March 31, 2013, pursuant to the Board of Directors resolution above:

1. Accumulative number of own shares repurchased: 847,800 shares
2. Total accumulative repurchase amount: 4,494,226,000 yen
CONTACT: Masahiro Nagayasu
         General Manager
         Investor Relations
         +81-75-935-6140
         ir@jp.nidec.com

Nidec Corporation