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KYOTO, Japan, April 24, 2018 -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) (the “Company”) today announced that the Board of Directors of the Company, at its meeting held on April 24, 2018, has resolved to adopt performance-linked and share-based incentive plans for its board members (excluding outside directors) and executives of the Company and its main affiliated companies.
Background of the Adoption of the Plan:
The Nidec Group aspires corporate value expansion with its motto; “High Growth, High Revenue, High Stock Price,” and has endeavored to strengthen its management competence. The Company and its affiliated companies will adopt the proposed incentive plans to attain performance targets specified in Nidec’s mid-term strategic goal Vision 2020 and long-term corporate value expansion as “One Nidec.”
For details, please refer to the press releases dated April 24, 2018 as follows:
-Notice Regarding Adoption of New Performance Share Plan for Members of the Board of Directors, etc.
http://www.nidec.com/en-Global/ir/news/2018/news0424-05/
-Notice Regarding Adoption of New Performance Share Plan for Executives in the Country and Overseas.
http://www.nidec.com/en-Global/ir/news/2018/news0424-06/
| Contact: | |
| Masashi Onishi | |
| General Manager | |
| Human Resource Planning | |
| +81-75-935-6600 | |
| [email protected] | |
