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    6594   JP3734800000

NIDEC CORPORATION

(6594)
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Nidec : Notice Regarding the Status of Own Share Repurchase

09/01/2021 | 02:52am EDT

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

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

Released on September 1, 2021, in Kyoto, Japan

Notice Regarding the Status of Own Share Repurchase

(Repurchase of own shares, pursuant to the Company's Articles of Incorporation based on the provisions of Article 459-1-1 of the Company Law of Japan)

Nidec Corporation (TSE: 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 25, 2021, 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 August 1, 2021 through August 31, 2021
  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

  1. The following details were resolved by the Company's Board of Directors on January 25, 2021: 1. Class of shares: Common stock
    2. Total number of shares that may be repurchased: Up to 4,000,000 shares (0.68% of total number of shares issued, excluding treasury stock)
    3. Total repurchasable amount: 50 billion yen
    4. Period of repurchase: From January 26, 2021 through January 25, 2022
  2. Total number and yen amount of own shares repurchased from January 26, 2021 through

August 31, 2021, pursuant to the Board of Directors resolution above:

  1. Total number of own shares repurchased: 404,800
  2. Total repurchase amount: 4,824,927,000 yen

-###-

NIDEC CORPORATION

CORPORATE OFFICE: 338 KUZETONOSHIRO-CHO,MINAMI-KU, KYOTO 601-8205 JAPAN

PHONE: KYOTO +81-75-935-6140 FAX: +81-75-935-6141

URL: https://www.nidec.com/en/

Disclaimer

Nidec Corporation published this content on 01 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2021 06:51:01 UTC.


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Sales 2022 1 804 B 15 785 M 15 785 M
Net income 2022 151 B 1 318 M 1 318 M
Net Debt 2022 344 B 3 010 M 3 010 M
P/E ratio 2022 48,2x
Yield 2022 0,52%
Capitalization 7 252 B 63 523 M 63 472 M
EV / Sales 2022 4,21x
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Nbr of Employees 112 551
Free-Float 84,5%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 19
Last Close Price 12 390,00 JPY
Average target price 15 144,44 JPY
Spread / Average Target 22,2%
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Shigenobu Nagamori Chairman & Chief Executive Officer
Jun Seki Executive President, COO & Representative Director
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Mikio Katayama Chief Technology Officer & Executive VP
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