Articles from Nidec Corporation

Nidec Corporation (the "Tender Offeror") hereby announces that (i) at the meeting of the Board of Directors held on December 26, 2024, it is resolved that the Tender Offeror will acquire the shares of Makino Milling Machine Co., Ltd. (the "Target Company"), which is listed on the Prime Market of the Tokyo Stock Exchange, Inc., as part of a series of transactions (the "Transaction") for the purpose of making the Target Company a wholly owned subsidiary of the Tender Offeror. The Company resolved to acquire the shares of common stock of the Target Company (the "Target Company’s Stock") through a tender offer (the "Tender Offer") pursuant to the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended). (ii) The Tender Offeror hereby announces that it will submit a letter of intent (see attached) to the Target Company today, which contains detailed proposals by the Tender Offeror regarding the Transaction (hereinafter referred to as the "Letter of Intent") as follows.

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 July 23, 2024, pursuant to 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 July 23, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2024 through September 30, 2024.

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 July 23, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire the share of Linear Transfer Automation Inc., Linear Automation USA Inc., and Presstrader Limited, privately-owned Canadian companies (collectively the “Linear”), from its shareholders (the “Transaction of share”) on September 27, 2024 (Japan time). The Company executed an agreement on the Transaction of share on September 30, 2024 (Canada time). The Transaction of share will be executed on October 1, 2024 (Canada time).

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.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has received a ruling in favor of the Company in the action that it instituted against Toyo Keizai Inc. (head office: 1-2-1 Nihonbashi, Hongokucho, Chuo-ku, Tokyo) and concerned individuals to the Tokyo District Court on October 24, 2022, demanding damages based on the defamation by the aforementioned parties.

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.

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2024.

Nidec Corporation (TOKYO:6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that its Board of Directors has resolved to dispose treasury stock through third-party allotment (the “Disposal of Treasury Stock”) at a meeting held on July 23, 2024.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today announced an upward revision to its IFRS-based consolidated fiscal first-half and year-end financial forecasts for the year ending March 31, 2025, originally announced on April 23, 2024.

Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the “Company”) today announced that the Board of Directors of the Company, at a meeting held on July 23, 2024, made the following decisions regarding a stock split, and a modification to the Company’s share repurchase program resolved on May 24, 2024. Furthermore, the Company hereby announces that the Company, in accordance with this stock split, has also revised the dividend projection for the fiscal year ending March 31, 2025.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has executed a memorandum of understanding (the “MOU”) on July 22, 2024 with India’s Tata Elxsi Ltd. (“Tata　Elxsi”), a design and technology service provider.

Nidec (TOKYO:6594; OTC US:NJDCY) announces that it will make a minority equity investment of USD 20M in Eve Air Mobility (“Eve”), a manufacturer of electric vertical take-off and landing (eVTOL) aircraft and launch partner for Nidec Aerospace’s propulsion system, through Nidec’s subsidiary, Nidec Motor Corporation (“NMC”), on July 2, 2024.(EST)

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.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announces today that the Company has stated in the internal control report for the fiscal year ended March 31, 2024, submitted on June 19, 2024 to the Kanto Local Finance Bureau in accordance with Article 24-4-4(1) of the Financial Instruments and Exchange Act, that the Company has identified a material weakness and that the Company’s internal control over financial reporting is not effective, as described below. The contents of Section 1, “Details of the material weakness” below are the same as the amended internal control report issued on May 24, 2024 for the fiscal year ended March 31, 2023; however, as the measures have been afterwards implemented to correct and prevent the recurrence of the material weakness, the aforementioned measures are described in Section 3, “Correction policy for the material weakness,” herein.

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.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today submitted amendment reports to its Securities Reports, Quarterly Reports and Internal Control Report audited by our auditor and submitted in previous fiscal years, to Kanto Local Finance Bureau. The Company also partially amended previous financial statements summary and disclose the documents. We sincerely apologize for the considerable inconvenience caused to our shareholders, investors, business partners, and all the stakeholders.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announces today that it has identified a material weakness in its internal control report for the fiscal year ended March 31, 2023 audited by our auditor that the Company submitted to the Kanto Local Finance Bureau in accordance with Article 24-4-4(1) of the Financial Instruments and Exchange Act. Accordingly, pursuant to Article 24-4-5(1) of the Act, the Company stated, in the amendment report for its internal control report for the same fiscal term that it submitted to the Kanto Local Finance Bureau, that the Company’s internal control over financial reporting is not effective, as described below.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today announced that the Company resolved at a meeting of its Board of Directors held on May 24, 2024 to distribute retained earnings (date of record: March 31, 2024) in the form of an annual dividend as outlined below:

Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the “Company”) announces today that its Board of Directors has authorized a new share repurchase plan at a meeting held on May 24, 2024, whereby the Company may repurchase up to 5 million shares in accordance with the Articles of Incorporation pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the ”Company”) today announces the status of the Company’s share repurchases under its repurchase plan in accordance with the Articles of Incorporation pursuant to 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 January 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2024.

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 January 24, 2024, pursuant to 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 January 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) announced today that it has passed a resolution in an extraordinary meeting of the Board of Directors held on February 14, 2024 regarding the Company’s new Chairman and President, and on changes in its representative Directors.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announced today that Takisawa Machine Tool Co., Ltd. (“Takisawa”) has passed a resolution at its extraordinary general meeting of shareholders held on January 12, 2024, to consolidate 900,000 of its common shares into one, and that the consolidation has taken effect today. With this share consolidation, Takisawa has become a wholly owned subsidiary of the Company.

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 January 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announces today that its Board of Directors has authorized a new share repurchase plan at a meeting held on January 24, 2024, whereby the Company may repurchase up to 2 million shares in accordance with the Articles of Incorporation pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2023 through December 31, 2023.

Nidec Corporation (TOKYO:6594; OTC US: NJDCY) (the “Company”) today announced a revision to its IFRS-based consolidated full-year financial forecasts and upward revision to its year-end dividend projection for the year ending March 31, 2024, previously announced on April 24, 2023.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the ”Company”) today announces the status of the Company’s share repurchases under its repurchase plan in accordance with the Articles of Incorporation pursuant to 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 January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) has announced that we will complete an investment of 15.8 million GBP in Gore Street Energy Storage Fund PLC (“GSF”), an investment trust fund that operates an energy storage system business, through the Company’s subsidiary, Nidec Motor Corporation (“NMC”), on December 19, 2023 (US time).

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 January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

As announced in the press release dated November 14, 2023, “Notice Regarding the Results of the Tender Offer for Takisawa Machine Tool Co., Ltd. (Securities Code: 6121)”, in the tender offer conducted by Nidec Corporation in accordance with the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended) and related laws and regulations (the “Tender Offer”), regarding the common shares issued by Takisawa Machine Tool Co., Ltd. (listed on the Standard Market of the Tokyo Stock Exchange, Inc. Securities Code: 6121. the “Target Company”), the total number of the share certificates, etc. tendered for the Tender Offer (the “Tendered Share Certificates, etc.”) exceeded the minimum number to be purchased in the Tender Offer, and therefore Nidec Corporation was scheduled to purchase, etc. all of the Tendered Share Certificates, etc.

Nidec Corporation (the “Tender Offeror”) decided on September 13, 2023 to acquire, through a tender offer in accordance with the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended, the “Act”) and related laws and regulations (the “Tender Offer”), the common shares (the “Target Company Shares”) issued by Takisawa Machine Tool Co., Ltd. (Securities Code: 6121. The “Target Company”), which are listed on the Standard Market of the Tokyo Stock Exchange, Inc. (the “Tokyo Stock Exchange”), and launched the Tender Offer on September 14, 2023. The Tender Offeror today announced that the Tender Offer had ended on November 13, 2023.

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 January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594)(OTC US: NJDCY) (the “Tender Offeror”) decided on September 13, 2023 to acquire, through a tender offer under the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended, the “Act”) and related laws and regulations (the “Tender Offer”), the common shares (the “Target Company Shares”) of Takisawa Machine Tool Co., Ltd. (Securities Code: 6121. The “Target Company”), which is listed on the Standard Market of the Tokyo Stock Exchange, Inc. (the “Tokyo Stock Exchange”), and launched the Tender Offer on September 14, 2023. The Tender Offeror confirmed on October 27, 2023 that the total number of the Tendered Share Certificates reached 3,193,900, the minimum number of shares to be purchased in the Tender Offer. Accordingly, as explained in the Public Notice of Commencement of the Tender Offer submitted on September 14, 2023 (including the matters amended based on the amendment to the tender offer registration statement for the Tender Offer submitted on September 21 and October 10, 2023: the same shall apply hereinafter), the Tender Offeror, for the purpose of securing a tender offer period of 10 business days from today, decided to extend the period for the Tender Offeror to acquire the Target Company’s common shares in the Tender Offer (the “Tender Offer Period”) until November 13, 2023. Accordingly, as it became necessary for the Tender Offeror to correct part of the explanation in the Public Notice of Commencement of the Tender Offer submitted on September 14, the Tender Offeror submitted an amendment to the Tender Offer Registration Statement to make such correction, based on Article 27-8, Paragraph 2 of the Act.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today announced differences between its financial forecast for the six months ended September 30, 2023 (previously announced on April 24, 2023) and the actual financial results released today.

Nidec Corporation (TOKYO:6594) (OTC US:NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2023 through September 30, 2023.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announced today that, based on the provisions of Article 193, Paragraph 2, Items 1 and 2 of the Financial Instruments and Exchange Act, the certified public accountants, etc. who are in charge of the Company’s audit certification are planned to be transferred, as outlined below.

Japan’s Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) and Brazil’s Embraer (B3: EMBR3, NYSE: ERJ) welcome the unconditional approval from all necessary regulatory authorities for the establishment of their joint venture, Nidec Aerospace LLC. The transaction combines the complementary synergies and distinct areas of expertise of two world-class engineering conglomerates to develop Electric Propulsion Systems (EPS) for the aerospace sector.

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 January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act 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 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has acquired full ownership of Automatic Feed Company, Lasercoil Technologies LLC, and Automatic Leasing Company, privately-owned US companies (collectively the “Target”), from its founding family on August 1, 2023 (the “Transaction”). As a result of the Transaction, the Target became a consolidated subsidiary of Nidec, as outlined below:

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 January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2023.

Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the “Company” or “Nidec”) today announced that it has acquired full ownership of TAR, LLC d/b/a Houma Armature Works, a privately- owned US company (“Houma”), from its founding family, through the Company’s subsidiary, Nidec Motor Corporation (“NMC”), on July 3, 2023 (US time) (the “Transaction”). As a result of the Transaction, Houma became a consolidated subsidiary of Nidec, as outlined below:

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 January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) (“Nidec” or the “Company”) announced today that it has instituted an civil action against Toyo Keizai Inc. and concerned individuals, requesting damage compensation, among others, and will submit to the competent police office a written complaint, on the violation of the Unfair Competition Prevention Act by the aforementioned parties, stating that the article about the Company reported by Toyo Keizai Inc. on February 10, 2023 was based on trade secret wrongfully acquired from the Company.

Japan’s Nidec Corporation (TSE: 6594; OTC US: NJDCY) and Brazil’s Embraer (B3: EMBR3, NYSE: ERJ) today announced an agreement to establish a joint venture company, called Nidec Aerospace LLC (hereunder “JV”), to develop Electric Propulsion Systems for the aerospace sector. The transaction combines the complementary synergies and distinct areas of expertise of two world-class engineering companies to spearhead a new era of air mobility.

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) (the “Nidec” or the "Company") today announced that the Company received the results of the Investigation by the External Investigation Committee regarding Interim Dividend (*1) and Company's Share Repurchase (*2), which exceeded the distributable amount calculated in accordance with the Japanese Companies Act and the Regulation on Corporate Accounting (hereinafter collectively "this Matter"), as described in Company’s announcement “Interim dividends and the Company's share repurchase for the previous fiscal year were in excess of the distributable amount” dated June 2, 2023.

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) (the “Nidec” or the "Company") resolved at a meeting of its Board of Directors held on October 24, 2022 to pay an interim dividend of 35 yen per share (the "Interim Dividend"). In the course of a careful examination of the distributable amount for the fiscal year ended March 31, 2023, it was discovered that the Interim Dividend exceeded the distributable amount calculated in accordance with the Japanese Companies Act and the Regulation on Corporate Accounting.

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 January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today announced that the Company resolved at a meeting of its Board of Directors held on May 26, 2023 to distribute retained earnings (date of record: March 31, 2023) in the form of an annual dividend as outlined below:

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 January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2023.

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 January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announced today that Nidec Copal Electronics Corporation (“Nidec Copal Electronics”), a subsidiary of the Company, has completed the acquisition of all shares of Midori Precisions Co., Ltd. (“Midori Precisions”) on March 31, 2023 (the “Stock Acquisition”), in line with the Company’s March 15, 2023 press release, “Nidec Executes Stock Transfer Agreement on Nidec Copal Electronics’ Acquisition of Midori Precisions.”

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it passed a resolution in the meeting of the Board of Directors held on March 15, 2023 (Japan time) on the purchase by Nidec Copal Electronics Corporation, a subsidiary of the Company, of all the shares of Midori Precisions Co., Ltd. (“Midori Precisions”), a company that develops, manufacturers, and sells potentiometers and other electronic components (the “Stock Acquisition”), and executed a transfer agreement on the Stock Acquisition, etc. on March 15, 2023 (Japan time).

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today it has passed a resolution in an extraordinary meeting of the Board of Directors held on March 10, 2023 on five persons to be appointed to serve as the Company’s Executive Vice Presidents from April 1, 2023. They were selected based on the Company’s selection policy and criteria deliberated by the Nomination Committee. The Company will appoint one of these five Executive Vice Presidents as President effective in April 2024.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec”) would like to extend its deepest sympathy and condolences to the people of Turkey and Syria affected by the devastating earthquake that struck the region on February 6th. As a gesture of goodwill and support, Nidec will donate 10 million yen through the Japanese Red Cross Society to contribute to the ongoing recovery and relief efforts.

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 January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the “Company” or “Nidec”) announced today that, in accordance with its November 30, 2022 press release, “Nidec to Execute a Share Transfer Agreement on Italian Machine Tool Manufacturer PAMA and Its Affiliates,” it has completed the acquisition of all the shares of PAMA S.p.A (“PAMA”) on February 1, 2023.

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 January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2022 through December 31, 2022.

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announces today that its Board of Directors has authorized a new share repurchase plan at a meeting held on January 24, 2023, whereby the Company may repurchase up to 5 million shares in accordance with the Articles of Incorporation pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Nidec Corporation (TOKYO: 6594)(OTC US: NJDCY) (the “Company”) today announced a revision to its IFRS-based consolidated full-year financial forecasts for the year ending March 31, 2023, previously announced on April 21, 2022.

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) (“Nidec” or the “Company”) announced today that it has instituted an action against Diamond, Inc. and concerned individuals, requesting apology advertisements, among others, and submitted to the competent police station a damage report and a written complaint on the defamation by the aforementioned parties, stating that the recent article published by Diamond, Inc. on the Company is false and defames it.