Nidec Announces the Status of Own Share Repurchase

KYOTO, Japan, April 1, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation NJ (the "Company") today announced the status of the Company's own share repurchase under its ongoing repurchase plan resolved at the meeting of the Board of Directors held on January 22 , 2015, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

Details are as follows:

Details of Share Repurchase 　

1. Period of own share repurchase: From March 1, 2015 through March 31, 2015

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 execution date.

Reference

A) The following details were resolved by the Company's Board of Directors on January 22, 2015:

1. Class of shares: Common stock

2. Total number of shares to be repurchased: Up to 4,000,000 shares　

(1.42% of total number of shares issued, excluding treasury stock)

3. Total repurchase amount: Up to 24 billion yen

4. Period of repurchase: From January 27, 2015 through January 26, 2016

B) The accumulative number of own shares repurchased until March 31, 2015, pursuant to the Board of Directors resolution above:

1. Accumulative number of own shares repurchased: 250,200

2. Total accumulative repurchase amount: 2,053,391,400 yen

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

Market News and Data brought to you by Benzinga APIs