Nidec Announces the Status of Own Share Repurchase

Rhea-AI Summary

Nidec (NJDCY) has reported the status of its ongoing share repurchase program. During February 2025, the company repurchased 800,300 shares of common stock for a total amount of 2.11 billion yen.

The share buyback program, authorized by the Board of Directors on July 23, 2024, allows for the repurchase of up to 10 million shares (0.87% of total shares issued, excluding treasury stock) with a maximum repurchase amount of 35 billion yen. The program runs from May 27, 2024, through May 26, 2025.

Positive

• Share buyback program of 35 billion yen demonstrates strong financial position
• Repurchase program could enhance shareholder value through reduced share count
• Initial 2.11 billion yen buyback completed in February 2025

Negative

• Only 8% of authorized shares repurchased after 9 months of program initiation
• Slow buyback pace might indicate conservative cash management

(Repurchase of own shares, pursuant to the Company’s Articles of Incorporation based on the provisions of Item 1 of Article 459 (1) of the Companies Act of Japan)

KYOTO, Japan--(BUSINESS WIRE)-- Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (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 July 23, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Details of Share Repurchase

1. Period of own share repurchase: From February 1, 2025 through February 28, 2025
2. Class of shares: Common stock
3. Number of own shares repurchased: 800,300 shares
4. Total repurchase amount: 2,114,812,950 yen

Note: The above repurchase information has been prepared on the basis of trade date.

Reference

A) Details of the share repurchase plan authorized by the Board of Directors on July 23, 2024:

1. Class of shares: Common stock
2. Total number of shares that may be repurchased: Up to 10,000,000 shares
   (0.87% of total number of shares issued, excluding treasury stock)
3. Total repurchasable amount: 35 billion yen
4. Period of repurchase: From May 27, 2024 through May 26, 2025

B) Total number and yen amount of own shares repurchased from May 27, 2024 through February 28, 2025, pursuant to the Board of Directors resolution above:

1. Total number of own shares repurchased: 800,300 shares
2. Total repurchase amount: 2,114,812,950 yen

View source version on businesswire.com: https://www.businesswire.com/news/home/20250302555893/en/

Teruaki Urago

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Source: Nidec Corporation

FAQ

How many shares did Nidec (NJDCY) repurchase in February 2025?

Nidec repurchased 800,300 shares of common stock in February 2025 for 2.11 billion yen.

What is the total amount authorized for Nidec's (NJDCY) current share buyback program?

The program authorizes up to 35 billion yen for share repurchases.

When does Nidec's (NJDCY) current share buyback program end?

The share buyback program runs through May 26, 2025.

What percentage of Nidec's (NJDCY) outstanding shares can be repurchased under the current program?

The program allows repurchase of up to 0.87% of total shares issued (excluding treasury stock), or 10 million shares.