Nidec Comments on Toyo Keizai Online’s Article

Rhea-AI Summary

Nidec Corporation (OTC US: NJDCY) has responded to an article published on October 7, 2022, by Toyo Keizai Online, which alleged inappropriate processing in its treasury stock acquisition. Nidec asserts that these claims are unfounded and maintains full compliance with relevant laws and regulations. The company is also considering legal action against the media outlet for its misleading statements.

Positive

• Nidec asserts full compliance with laws and regulations regarding treasury stock acquisition.

Negative

• Allegations of inappropriate processing in treasury stock acquisition could affect investor confidence.
• Potential legal actions may distract from core business operations and impact reputation.

KYOTO, Japan, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) has noted today that Toyo Keizai Online published an article on October 7, 2022 which expresses doubts that Nidec is conducting inappropriate processing in the acquisition of treasury stock. The article is completely wrong.

Nidec complies the laws and regulations and is considering legal measures against the media.

Contact:
	Masahiro Nagayasu
	General Manager
	Investor Relations
	+81-75-935-6140
	ir@nidec.com

FAQ

What did Nidec Corporation say about the Toyo Keizai Online article?

Nidec stated that the article's claims regarding inappropriate processing in treasury stock acquisition are completely wrong.

How is Nidec Corporation responding to the allegations?

Nidec is considering legal measures against Toyo Keizai Online for its misleading article.

What is the stock symbol for Nidec Corporation?

The stock symbol for Nidec Corporation is NJDCY.

When was the article that raised doubts about Nidec's treasury stock acquisition published?

The article was published on October 7, 2022.