Nidec Announces the Status of Own Share Repurchase
September 02 2024 - 2:30AM
Business Wire
(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)
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 May 24, 2024, pursuant to Item 1 of
Article 459 (1) of the Companies Act of Japan.
Details of Share Repurchase
- Period of own share repurchase: From August 1, 2024 through
August 30, 2024
- Class of shares: Common stock
- Number of own shares repurchased: 0
- 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 May 24, 2024:
- Class of shares: Common stock
- Total number of shares that may be repurchased: Up to 5,000,000
shares (0.87% of total number of shares issued, excluding treasury
stock)
- Total repurchasable amount: 35 billion yen
- 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 August 30, 2024, pursuant to the Board of
Directors resolution above:
- Total number of own shares repurchased: 0
- Total repurchase amount: 0 yen
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Teruaki Urago General Manager Investor Relations +81-75-935-6140
ir@nidec.com