Tranche Update on Nidec Corporation's Equity Buyback Plan announced on January 23, 2020.
January 22, 2021 at 01:30 am
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From January 1, 2021 to January 22, 2021, the company has repurchased 0 shares, representing 0% for ¥0 million. With this, the company has completed the repurchase of 2,850,200 shares, representing 0.49% for ¥18,527.77 million under the buyback announced on January 23, 2020.
Nidec Corporation specializes in the development, manufacturing and marketing of small precision motors and automotive and appliance components. Net sales break down by family of products as follows:
- appliances, air-conditioning and industrial equipment motors (40.5%);
- small precision motors (21.9%): pin motors for hard drives, fan motors, vibrating motors, brush motors and motor applications, etc. ;
- automotive components (21.3%);
- machines (12.1%): industrial robots, card readers, test systems, presses and power transmission drives, etc. ;
- electronic and optical components (3.9%): switches, trimmer potentiometers, lens units and camera shutters, etc. ;
- other (0.3%).
The net sales are distributed geographically as follows: Japan (17.8%), China (26.7%), the United States (21.6%), Germany (6.1%), Italy (5.5%), Thailand (5.2%) and other (17.1%).
NIDEC CORPORATION 
