Nidec Expands Own Share Repurchase Plan 47B Yen

Nidec Corporation NJ announced earlier today that its Board of Directors has authorized a modification to its own share repurchase plan resolved at a meeting of the Board of Directors held on February 5, 2011. The authorization increases the number of own shares purchasable under the plan from 3,000,000 shares to 6,000,000 shares, raising the total authorized amount from 25 billion yen to 47 billion yen.