Nidec Corporation (TSE:6594) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 0.87% of its share capital, for ¥35,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment.

The repurchase program will expire on January 24, 2024. As of December 31, 2022, the company has 574,760,302 shares outstanding (excluding treasury shares) and 21,524,166 shares in treasury.