(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 Companys own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.
Details of Share Repurchase
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, 2023:
B) Total number and yen amount of own shares repurchased from January 25, 2023 through January 31, 2023, pursuant to the Board of Directors resolution above:
Contacts
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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