Nidec to Make a Partial Amendment to Its Articles of Incorporation


KYOTO, Japan, April 25, 2006 (PRIMEZONE) -- Upon resolution by the Board of Directors held today, we are pleased to notify the shareholders of change in part of the Articles of Incorporation, which is to be discussed at the 33rd annual general meeting of shareholders scheduled for June 22, 2006.

The major changes planned are as follows:


 (1) Limitation of right of shareholders with a less than unit
     share Article 11 under proposed change is newly set forth
     since a right of a shareholder with a less than unit share
     may be limited only to a right to register self-interest
     in accordance with Article 189.2 of the Company Law if
     set forth in the Articles of Incorporation.
 (2) Disclosure of reference documents, etc. on Internet
     Article 16 (Disclosure of reference documents, etc. on
     Internet) is newly set forth under Implementation Rules
     of the Company Law and Rules on Company Calculation in
     order to disclose information in a fulfilling manner at
     a general meeting of shareholders.
 (3) Resolution in writing by the Board of Directors Article
     24, Clause 2 is newly set forth under Article 370 of the
     Company Law in order to give approval on resolutions of
     the Board of Directors by written or electro-magnetic
     record for expeditious operation of the Board.
 (4) Agreement on limited liability of an outside auditor.
     An agreement limiting liability may be executed with
     an outside auditor under Article 427 of the Company Law.
     Chapter 6 and Article 31 under the proposed change are
     set forth upon tightened requirements for an outside
     auditor in order to request an able outside auditor
     for his/her weighty liabilities.
 (5) Body to decide distribution of surplus Article 33 of
     the proposed change is newly set forth under Article 459
     of the Company Law in order to make distribution of
     surplus, etc. in an expeditious manner upon resolution
     of the Board of Directors.
 (6) In addition to the above, the required changes are made
     such as addition, deletion, modification and transfer
     of the provisions necessary for a joint-stock corporation
     under the Company Law.

Full copy of the press release: http://www.nidec.co.jp/english/ir/index.html

The Nidec Corporation logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1734



            

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