Nidec Precision Executes Agreement to Transfer Its Shares in Nidec Precision Yamada
KYOTO, Japan, March 31, 2025--NIDEC CORPORATION (TOKYO: 6594; OTC US: NJDCY) and NIDEC PRECISION CORPORATION ("NIDEC PRECISION" or the "Company") announced today that, at a meeting of the Board of Directors held on March 18, 2025, they resolved to transfer NIDEC PRECISION’s shares (approximately 68.4%) in NIDEC PRECISION YAMADA CORPORATION (the "Target Company"), a subsidiary of the Company and joint venture with APIC YAMADA CORPORATION ("APIC YAMADA"), to APIC YAMADA (the "Share Transfer"), and