Nidec completes share repurchase plan, buying back no shares

Kyoto-based Nidec Corporation (TSE: 6594) has completed its share repurchase plan, which was authorized by the Board of Directors on May 24, 2024, without repurchasing any shares. The company cited that the market stock price did not deviate significantly from the level considered appropriate and the company refrained from repurchasing shares during periods of holding material non-public information as reasons for the lack of repurchases. The plan, which ran from May 1, 2025, through May 26, 2025, allowed for the potential repurchase of up to 10 million common shares, representing 0.87% of total shares issued (excluding treasury stock), with a total repurchasable amount of JPY 35 billion. Nidec previously implemented a two-for-one common stock split on October 1, 2024, increasing the potential repurchase amount. According to the company, 2,920,300 shares were repurchased after the stock split for a total amount of JPY 7,772,086,250.