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Nidec Corporation Buyback

OLI recorded this information on 1/21/2016

Company: Nidec Corporation
Buyback: NJ buyback
Share Amount Authorized: 3,000,000
Buyback Details: Nidec Corporation (NYSE:NJ) (the "Company") announces today that its Board of Directors has authorized a new share repurchase plan at a meeting held on January 21, 2016, whereby the Company may repurchase up to three million shares in accordance with the Article of Incorporation pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

NIDEC and its subsidiaries are primarily engaged in the design, development, manufacture and marketing of small precision motors, mid-size motors, machinery, electronic and optical components, and other products. Co.'s principal products are spindle motors for hard disk drives, motors for optical disk drives, small precision fans and other small motors; mid-size motors; test systems, measuring equipment, power transmission equipment, factory automation systems, card readers and industrial robots; camera shutters, camera lens units, switches, trimmer potentiometers, motor driven actuator units, processing and precision plastic mold products; and auto parts and pivot assemblies.
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Company Name: 
Nidec Corp
Stock buyback: 
NJ buyback
Website: 
www.nidec.com/en-NA
Sector: 
Electronic Equipment & Products
 

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Strong Buy (4.00 out of 4)
38th percentile
(ranked lower than approx. 62% of all stocks covered)
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