Nidec Sankyo Corporation entered into a share purchase agreement to acquire 44.42% stake in SCD Co., Ltd. (KOSE:A042110) from KoFC Skylake Growth Champ 2010-5 PEF managed by Skylake Incuvest & Co. for KRW 40.5 billion in cash on July 24, 2012. Nidec Sankyo will acquire 20.77 million shares under the transaction. In a related deal, Nidec Sankyo Corporation will also acquire 4.08 million treasury shares of SCD Co., Ltd. Nidec Sankyo Corporation will not pay any deposit and the consideration will be paid by contract closing. The contract counterparties will complete stock transfer and acquisition amount payment only, if the pre-requisites for contract closing meet the contract conditions. Lock-up for the stocks to be acquired will be voluntarily preceded for 18.88 million shares out of 20.77 million shares. The number of stocks to be acquired and equity ownership ratio are corresponding to the number of stocks after a transaction contract to acquire the treasury stocks of 4.08 million treasury shares of SCD Co., Ltd. is completed. The acquisition will be settled and financed from cash in hand. The contract is subject to approval from Fair Trade Commission. The transaction is expected to close in October 2012. This acquisition is expected to have only minute effect to Nidec Sankyo Corporation‘s performance during the fiscal year ending March 31, 2013.

Nidec Sankyo Corporation completed the acquisition of 44.42% stake in SCD Co., Ltd. (KOSE:A042110) from Skylake Incuvest & Co. through its fund KoFC Skylake Growth Champ 2010-5 PEF on October 2, 2012.