Nidec Corporation

Asian Activities Report for January 11, 2012 includes: Weichai Power (HKG:2338) (SHE:000338) has agreed to invest 374 million euros to acquire a controlling 75% interest in the world's largest luxury yacht manufacturer, Ferretti Group of Italy; Prada S.p.A. (HKG:1913) says that it will invest 40 million euros to sponsor the Luna Rossa yacht to participate in the XXXIV edition of the America's Cup sailing competition; Inpex Corporation (TYO:1605) has signed agreements to sell liquefied natural gas from its Ichthys LNG joint venture project; Panasonic Corporation (TYO:6752) (NYSE:PC) has successfully developed a 20-inch 4K2K IPS Alpha LCD panel; Nidec Corporation (TYO:6594) (NYSE:NJ) has established a new subsidiary named Nidec Management Shanghai Corporation in Shanghai, China.

Asian share markets closed sharply lower on Monday with investor sentiment sharply dented by a worse-than-expected contraction in the U.S. economy. In Hong Kong, Hang Seng Index fell 3.86 per cent, dragged by the slump in U.S. stocks to new bear market lows Friday and concerns over HSBC. Japan's Nikkei-225 was down 3.8 per cent, while South Korean stocks closed 4.16 per cent lower. But Shanghai shares bucked the regional trend, closing up 0.51 per cent, as government stimulus plans boosted real estate and cement stocks.

Nidec Corporation (OSL:NJ) KYOTO, Japan, Oct. 1, 2008 (GLOBE NEWSWIRE) -- Nidec Corporation ("Nidec") (NYSE:NJ), together with Fuji Electric Holdings ("FHC") (Tokyo Stock Exchange First Section: 6504) and one of its subsidiaries, Fuji Electric Systems ("FES") (or "Parties"), announced today that the Parties have agreed to a capital alliance arrangement with regards to the industrial compact motor business of Fuji Electric Motor ("FDM"), a subsidiary of FES, and FDM's three overseas subsidiaries ("FDM Group"). The parties have signed, on September 30, 2008, a non-binding memorandum of understanding ("MOU") wherein it was agreed that the ratio of capital contribution of Nidec and FES to the FDM Group shall be 60 percent and 40 percent, respectively. Consequently, FDM Group will cease to be a subsidiary of FHC and will become a new subsidiary of Nidec.

Nidec Corporation (OSL:NJ) KYOTO, Japan, Sept. 16, 2008 (GLOBE NEWSWIRE) -- Nidec Corporation ("Nidec") (NYSE:NJ) announced today that it has submitted to the board of Toyo Denki Seizo K.K. ("Toyo Denki") (Tokyo Stock Exchange First Section: 6505), on September 16, 2008, a comprehensive proposal to acquire all, but not less than 50.1%, of the shares of common stock of Toyo Denki by way of a tender offer ("Proposal"). Nidec understands that Toyo Denki has adopted a plan for countermeasures to large-scale acquisitions of its shares ("Plan"), and it is Nidec's intention to respect and adhere to the evaluation process outlined in the Plan.