Nidec announces own share repurchase status

Nidec Corporation (TSE: 6594) announced the status of its own share repurchase program today, April 1, 2025. The repurchase is 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. From March 1, 2025, through March 31, 2025, Nidec repurchased 2,120,000 common shares for a total amount of JPY5,657,273,300. This is part of a larger plan authorized on July 23, 2024, to repurchase up to 10,000,000 shares (0.87% of total shares issued, excluding treasury stock) for a total amount of JPY35 billion. From May 27, 2024, through March 31, 2025, the company repurchased 2,920,300 shares for JPY7,772,086,250.