Nidec Announces the Status of Own Share Repurchase

Rhea-AI Summary

Nidec announced the status of its own share repurchase plan under the Companies Act of Japan. The company repurchased 0 shares for 0 yen during the period from April 1, 2024, through April 30, 2024. The total number of shares that may be repurchased is up to 2,000,000 shares with a total repurchasable amount of 11 billion yen.

(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 January 24, 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 April 1, 2024 through April 30, 2024
2. Class of shares: Common stock
3. Number of own shares repurchased: 0
4. Total repurchase amount: 0 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 January 24, 2024:

1. Class of shares: Common stock
2. Total number of shares that may be repurchased: Up to 2,000,000 shares
   (0.34% of total number of shares issued, excluding treasury stock)
3. Total repurchasable amount: 11 billion yen
4. Period of repurchase: From January 25, 2024 through May 24, 2024

B) Total number and yen amount of own shares repurchased from January 25, 2024 through April 30, 2024, pursuant to the Board of Directors resolution above:

1. Total number of own shares repurchased: 0
2. Total repurchase amount: 0 yen

View source version on businesswire.com: https://www.businesswire.com/news/home/20240506010793/en/

Teruaki Urago

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Source: Nidec Corporation

FAQ

What is the status of Nidec 's own share repurchase plan?

Nidec announced the status of its own share repurchase plan under the Companies Act of Japan.

How many shares did Nidec repurchase?

Nidec repurchased 0 shares during the period from April 1, 2024, through April 30, 2024.

What is the total number of shares that Nidec may repurchase?

Nidec may repurchase up to 2,000,000 shares.

What is the total repurchasable amount for Nidec ?

The total repurchasable amount for Nidec is 11 billion yen.