Nidec: Update on Damages Caused by Floods in Thailand

Nidec Corporation announced an update on flood damages to Nidec Group companies in Thailand.

Following the restart of operations at the Company’s Rangsit Factory and one of its Ayutthaya Factories, and the commencement of alternative production in Rayong Province that substitutes for part of the Company’s Bangkadi operations, Nidec Copal (Thailand) Co., Ltd. started alternative production on November 12 at a leased factory in Uthai Thani Province. We will continue our efforts to further improve the utilization of the factories whose operations have resumed and to bring the Company’s other flood-stricken factories back into operation to the earliest extent possible.

The exact amount of damage and the effect of the floods on the Company’s performance are being assessed currently. We will continue to report on any actual or potential impact on the Company’s business performance in a prompt manner.