Nidec Announces the Future Nomination of Director Candidates for New Nidec

March 27, 2026 at 01:19 AM EDT

Nidec Corporation (the “Company”), as part of its efforts to strengthen corporate governance based on the report of the Third-Party Committee published on March 3 as well as the Improvement Plan and the Status Report published by the Company on January 28, is revising the composition of its Board of Directors so that the Board can perform its functions effectively by including directors who possess diverse knowledge, experience, and expertise. In advance of the 53rd Annual General Meeting of Shareholders, the Company will, as set forth below, revise its policy for appointing directors and the criteria for their appointment and dismissal, and has reviewed the composition of the Nomination Committee as of March 26 to ensure that director candidates are nominated with a higher degree of fairness and objectivity.

1. Changes to the Composition of the Nomination Committee

(1) Effective Date: March 26, 2026

(2) Post-Change Structure
The composition of the Nomination Committee will be changed as shown in the table below.
With respect to Representative Director and Chief Executive Officer (CEO) Mr. Kishida, the Board of Directors has resolved, from the perspective of further enhancing the fairness and objectivity of the process for nominating director candidates, that he will be removed from the Nomination Committee.

Post-Change (53rd Fiscal Year)			Pre-Change (53rd Fiscal Year)
Chair	Outside Member of the Board of Directors	Takako Sakai	Chair	Outside Member of the Board of Directors	Takako Sakai
Member	Outside Member of the Board of Directors	Hiroshi Yoshii	Member	Representative Director and President CEO	Mitsuya Kishida
Member	Outside Member of the Board of Directors	Yayoi Komatsu	Member	Outside Member of the Board of Directors	Hiroshi Yoshii
Member	Outside Member of the Board of Directors	Aya Yamada	Member	Outside Member of the Board of Directors	Yayoi Komatsu
			Member	Outside Member of the Board of Directors	Aya Yamada

2. Revision of the Policy for the Appointment of Directors and the Criteria for Their Appointment and Dismissal

(1) Effective Date: April 1, 2026

(2) Details of the Revision
As set forth in the attached document.

3. Nomination Process for Candidates for the Next Term of Directors

The Company will clarify requirements for the composition of the Board of Directors, including corporate management experience and accounting expertise, thereby ensuring transparency and consistency in the director appointment and dismissal process. At the same time, the Company will revise its criteria for the appointment and dismissal of directors to incorporate considerations such as ethical standards, compliance, sound management discipline, and medium- to long-term human resource development.

In addition, the Nomination Committee will, based on the revised appointment and dismissal criteria, identify candidates with the requisite qualities, expertise, and experience from a broad pool that includes external candidates. The Committee will carefully conduct interviews, evaluations, and deliberations with diverse candidates, including individuals with experience in managing listed companies and accounting professionals who can contribute to strengthening the Company’s governance—and will select director candidates through a process that enhances independence from the current management and ensures a high degree of fairness and objectivity.

Going forward, the Nomination Committee will strive to build an optimal Board of Directors and management structure that maximizes the Company’s corporate value and meets the expectations of shareholders and a wide range of other stakeholders.

The attached document is available at the link below:
https://www.nidec.com/files/user/www-nidec-com/corporate/news/2026/0327-01/260327-01en.pdf