Nidec Corporation (TSE:6594) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 0.87% of its total shares outstanding excluding treasury shares, for a total of ¥35,000 million. The purpose of repurchase program is to enable agile capital management as necessary in response to the stock price changes significantly from market trends more than expected or changes in the business environment.

The repurchase program is valid till May 26, 2025. As of April 30, 2024, the company had 574,598,568 shares outstanding excluding treasury shares and had 21,685,900 shares in treasury.