Completed the acquisition of all the shares of Midori Precisions Co., Ltd.│NIDEC COMPONENTS CORPORATION

INFORMATION

Mar. 31, 2023

Completed the acquisition of all the shares of
Midori Precisions Co., Ltd.

We, Nidec Copal Electronics Corporation (“Company”) announced today that the Company has completed the acquisition of all shares of Midori Precisions on March 31^th, 2023 (Japan time) based on the Company's March 15^th, 2023 press release, “Executed a stock transfer agreement on the acquisition of Midori Precisions Co., Ltd..

Outline of the new subsidiary

(1) Company Name	(1) Company Name Midori Precisions Co., Ltd.
(2) Headquarters	(2) Headquarters The city of Hamura, Tokyo, Japan
(3) Foundation	(3) Foundation July 1952
(4) Director	(4) Director Hitoshi Ohira, Representative Director and President (who will be dispatched from Nidec Copal Electronics.)
(5) Business bases	(5) Business bases Tokyo (Headquarters and Factory), and Osaka (Sales)
(6) Principal businesses	(6) Principal businesses Development, manufacturing and sale of potentiometers and, encoders
(7) Number of employees	(7) Number of employees Approx. 130 (as of March 2023)
(8) Sales	(8) Sales 2.788 billion yen (Fiscal year ended March 31, 2022)
(9) Operating profit	(9) Operating profit 495 million yen (Fiscal year ended March 31, 2022)

For further information, click here to refer to the news release PDF issued by Nidec Corporation, our parent company.

We will change the company name from NIDEC COPAL ELECTRONICS CORPORATIONWe will change the company name from NIDEC COPAL ELECTRONICS CORP.
to NIDEC COMPONENTS CORPORATION, effective Apr. 1, 2023.

INFORMATION

Completed the acquisition of all the shares of Midori Precisions Co., Ltd.

Outline of the new subsidiary

INFORMATION(A BUSINESS YEAR)

Completed the acquisition of all the shares of
Midori Precisions Co., Ltd.