KYOTO, Japan, Oct. 02, 2017 (GLOBE NEWSWIRE) — Nidec Corporation (TSE:6594) (OTC US:NJDCY) (“Nidec”) today announced that one of its subsidiaries, Nidec Sankyo Corporation (“Nidec Sankyo”) has completed succeeding the business of Tokyo Maruzen Industry Co., Ltd. (the “Splitting Company”) on October 1, 2017 by way of an absorption type company split, through a new company formed to this effect (the “Succeeding Company”). This succession was performed in line with the succession plan announced on August 9, 2017.