Contact:
Masahiro Nagayasu Senior General Manager Investor Relations
+81-75-935-6140 ir@jp.nidec.com
Released on January 10, 2012, in Kyoto, Japan
Nidec Corporation New York Stock Exchange symbol: NJ Stock exchange code (Tokyo, Osaka): 6594 Nidec Establishes New Subsidiary in Shanghai, ChinaNidec Corporation (NYSE: NJ) announced today that it has established a new subsidiary named NIDEC MANAGEMENT SHANGHAI CORPORATION in Shanghai, China. The new subsidiary will supervise, control and coordinate the financial activities of Nidec Group companies in China as a vehicle to generate higher capital efficiency.
Outline of the New Subsidiary
1. Company name
NIDEC MANAGEMENT SHANGHAI CORPORATION
2. Company address and contact information
Address: Room 837B, Tower 1, No. 977, Shangfeng Rd., Pudong
New District, Shanghai, China
Telephone: +86 (573) 85090777 (Ext.) 318
Fax: +86 (573) 85090518
3. Date of establishment
November 2, 2011 (Planned date of commencing operations:
January 11, 2012)
4. Capital
US$ 2 million (100% invested by Nidec Corporation)
5. Executives
Mr. Masuo Yoshimatsu, Chairman (Director, senior vice
president and CFO of Nidec Corporation) Mr. Kiyoyoshi
Takegami, President (Executive officer of Nidec
Corporation)
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