Nidec : Announces the Status of Share Repurchases and the Conclusion of the Share Repurchase Plan
January 22, 2021 at 01:46 am EST
Share
FOR IMMEDIATE RELEASE
Nidec Corporation
Tokyo Stock Exchange code: 6594
Contact:
Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140ir@nidec.com
Released on January 22, 2021, in Kyoto, Japan
Nidec Announces the Status of Share Repurchases and
the Conclusion of the Share Repurchase Plan
(Repurchases of Shares Pursuant to Article 459, Paragraph 1, Item 1 of
the Company Law of Japan)
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the "Company") today announces the status of the Company's share repurchases under its repurchase plan in accordance with the Articles of Incorporation pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
The Company's share repurchase plan authorized by the Board of Directors on January 23, 2020, and February 8, 2020 has been concluded as of January 22, 2021. Neither the number nor yen amount of the shares repurchased reached the predetermined upper limits due mainly to:
-the Company's stock price remaining within the expected range, and
-uptrend of the Company's stock price in the latter half of the current period of share repurchase.
Details of Share Repurchase
Period of share repurchase: From January 1, 2021 through January 22, 2021
Class of shares: Common stock
Number of shares repurchased: 0 shares
Total repurchase amount: 0 yen
Note: The above repurchase information has been prepared on the basis of trade date.
Reference
Details of the share repurchase plan authorized by the Board of Directors on January 23, 2020 and February 8, 2020
Class of shares: Common stock
Total number of shares that may be repurchased: Up to 8,000,000 shares (1.36% of total number of shares issued, excluding treasury stock)
Total repurchasable amount: 50 billion yen
4. Period of repurchase: From January 24, 2020 through January 22, 2021
Total number and yen amount of shares repurchased from January 24, 2020 through January 22, 2021, pursuant to the authorization of the Board of Directors described above:
Total number of shares repurchased: 2,850,200 shares
Total repurchase amount: 18,527,768,000 yen
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NIDEC CORPORATION
CORPORATE OFFICE: 338 KUZETONOSHIRO-CHO,MINAMI-KU, KYOTO 601-8205 JAPAN
PHONE: KYOTO +81-75-935-6140 FAX: +81-75-935-6141
URL: https://www.nidec.com/en/
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Nidec Corporation published this content on 22 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 January 2021 06:45:00 UTC
Nidec Corporation specializes in the development, manufacturing and marketing of small precision motors and automotive and appliance components. Net sales break down by family of products as follows:
- appliances, air-conditioning and industrial equipment motors (40.5%);
- small precision motors (21.9%): pin motors for hard drives, fan motors, vibrating motors, brush motors and motor applications, etc. ;
- automotive components (21.3%);
- machines (12.1%): industrial robots, card readers, test systems, presses and power transmission drives, etc. ;
- electronic and optical components (3.9%): switches, trimmer potentiometers, lens units and camera shutters, etc. ;
- other (0.3%).
The net sales are distributed geographically as follows: Japan (17.8%), China (26.7%), the United States (21.6%), Germany (6.1%), Italy (5.5%), Thailand (5.2%) and other (17.1%).
NIDEC CORPORATION 
