Document:

Share Exchange Agreement between Nidec and Nidec Copal Electronics

 Exhibit 4.3 
 (Translation) 
 Share Exchange Agreement 

Nidec Corporation (hereinafter, “Nidec”) and Nidec Copal Electronics Corporation (hereinafter, “Nidec Copal Electronics”) hereby
conclude a Share Exchange Agreement (hereinafter, “the Agreement”) as detailed below. 
 Article 1 Exchange of Shares

 In accordance with the provisions of the Agreement, Nidec and Nidec Copal Electronics shall undertake an exchange of shares (hereinafter:
“the Share Exchange”) in which Nidec Copal Electronics becomes a wholly owned subsidiary of Nidec. As a result of the Share Exchange, Nidec shall acquire all the outstanding shares in Nidec Copal Electronics. 

Article 2 Names and Registered Addresses of Parties to Share Exchange 
 The names and registered addresses of Nidec and Nidec Copal Electronics are presented below. 
  

	(1)	Nidec 

  

	 	1)	Name: Nidec Corporation 

	 	2)	Address: 338 Kuzetonoshiro-cho, Minami-ku, Kyoto, Japan 

  

	(2)	Nidec Copal Electronics 

  

	 	1)	Name: Nidec Copal Electronics Corporation 

	 	2)	Address: 7-5-25, Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan 

 Article 3 Effective Date 
 The effective date of the Share Exchange shall be October 1,
2014. In accordance with the provisions of Article 790 of the Companies Act, this date can be altered by mutual agreement between Nidec and Nidec Copal Electronics if it is deemed necessary to ensure that the Share Exchange proceeds. In such event,
Nidec Copal Electronics shall publish the revised effective date no later than the day prior to the original effective date (or the day prior to the revised effective date, if the latter is earlier than the original effective date). 

Article 4 Number and Allocation of Shares to Effect the Share Exchange 

 

	1.	Nidec shall grant a number of shares of Nidec common stock equivalent to the total number of shares of common stock in Nidec Copal Electronics owned by Nidec Copal
Electronics minority shareholders (hereinafter: “Final Shareholders”) registered at the time (hereinafter: “Cut-Off Date”) immediately prior to Nidec’s acquisition via the Share Exchange of all outstanding shares in Nidec
Copal Electronics, multiplied by 0.138 (rounding down any fractional amount of less than one share) to the Final Shareholders in exchange for their shares in Nidec Copal Electronics. 

 

	2.	To implement the Share Exchange, Nidec shall allocate to every Final Shareholder 0.138 shares of Nidec common stock for every share of common stock in Nidec Copal
Electronics owned by the shareholder in question. 

  
 1 

	3.	Fractional amounts of less than one share of Nidec common stock that are allocated to Final Shareholders through the Share Exchange shall be handled in accordance with
the provisions of Article 234 of the Companies Act. 

 Article 5 Effect on Capital and Reserves 

The increases in the capital and reserves of Nidec resulting from the Share Exchange shall be as follows: 

 

			
	 (1) Capital stock:
	 	¥0
	 (2) Legal capital surplus:
	 	Change in shareholders’ equity as stipulated in Article 39 of the Corporate Accounting Regulations
	 (3) Legal retained earnings:
	 	¥0

 Article 6 Approval Procedures 
  

	1.	In accordance with the provisions of Article 796 Paragraph 3 of the Companies Act, Nidec shall conduct the Share Exchange without gaining the consent of Nidec
shareholders via a resolution of a General Meeting of Shareholders. However, in accordance with the provisions of Article 796 Paragraph 4 of the Companies Act, if the consent of Nidec shareholders is required, Nidec shall put the necessary
resolutions regarding approval of the Agreement and the Share Exchange before Nidec shareholders at a General Meeting of Shareholders to be held no later than the day prior to the effective date of the Share Exchange. 

 

	2.	Nidec Copal Electronics shall put the necessary resolutions regarding approval of the Agreement and the Share Exchange before Nidec Copal Electronics shareholders at
the General Meeting of Shareholders to be held on June 20, 2014. This arrangement can be altered by mutual agreement between Nidec and Nidec Copal Electronics if it is deemed necessary to ensure that the Share Exchange proceeds.

 Article 7 Sale of Treasury Stock 
 As of the Cut-Off Date, Nidec Copal Electronics shall cancel all shares of treasury stock it owns as of the Cut-Off Date (including any treasury shares acquired from dissenting shareholders exercising
their appraisal rights in connection with the Share Exchange, as stipulated in Article 785 Paragraph 1 of the Companies Act) by resolution of a meeting of its Board of Directors to be held no later than the day prior to the effective date of the
Share Exchange. 
 Article 8 Management of Corporate Assets 
 During the period from the date of the Agreement to the day prior to the effective date of the Share Exchange, Nidec and Nidec Copal Electronics shall execute their respective business operations and
manage their respective financial assets in good faith, and shall seek to gain prior mutual agreement for any actions with a significant material impact on these financial assets or related rights and obligations. 

Article 9 Changes in the Share Exchange and Cancellation of the Agreement 
 During the period from the date of the Agreement to the day prior to the effective date of the Share Exchange, based on mutual discussion, Nidec or Nidec Copal Electronics may seek to change the terms of
or cancel the Agreement if there are any materially adverse changes in the financial assets or business condition of either party, or if any serious deterrent to implementation of the Share Exchange or other circumstances obstructing achievement of
the objectives of the Agreement should arise. 

  
 2 

 Article 10 Validity of the Agreement 
 The Agreement shall be invalidated if the parties fail to gain the necessary consent for the Share Exchange based on the approval procedures stipulated in Article 6, or otherwise fail to gain the
requisite permission, registration or other form of regulatory approval from the responsible authorities. 
 Article 11 Negotiation of Terms

 In accordance with the purposes of the Agreement, any terms required for the Share Exchange other than those already stipulated in the
Agreement shall be determined based on negotiations conducted in good faith between the parties. 
 Two copies of the Agreement shall be
prepared, and representatives of both parties shall sign each copy, with each party retaining a single signed copy of the Agreement. 
  

			
	April 22, 2014	 	
		
		 	Shigenobu Nagamori
		
		 	Chairman of the Board, President & Chief Executive Officer
		 	Nidec Corporation
		 	338 Kuzetonoshiro-cho, Minami-ku, Kyoto,
		 	Japan
		
		 	Sho Kikuchi
		
		 	President
		 	Nidec Copal Electronics Corporation
		 	7-5-25, Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan

  
 3Share Exchange Agreement between Nidec and Nidec-Read

 Exhibit 4.4 
 (Translation) 
 Share Exchange Agreement 

Nidec Corporation (“Nidec”) and Nidec-Read Corporation (“Nidec-Read”) hereby enter into this Share Exchange Agreement (this
“Agreement”). 
 Article 1: Share Exchange 
 Nidec and Nidec-Read shall execute a share exchange (the “Share Exchange”) with Nidec becoming the wholly-owning parent company of Nidec-Read and Nidec-Read becoming the wholly-owned subsidiary
of Nidec in accordance with this Agreement, and Nidec will acquire all outstanding shares of Nidec-Read pursuant to the Share Exchange. 

Article 2: Trade Names and Addresses of Nidec and Nidec-Read 
 The trade names and addresses of Nidec and Nidec-Read are as set forth below. 
  

	(1)	Nidec 

  

	 	1.	Trade name: Nidec Corporation 

	 	2.	Address: 338 Tonoshiro-cho, Kuze, Minami-ku, Kyoto 

  

	(2)	Nidec-Read 

  

	 	1.	Trade name: Nidec-Read Corporation 

	 	2.	Address: 10 Tsutsumisoto-cho, Nishikyogoku, Ukyo-ku, Kyoto 

 Article 3: Effective Date 
 The effective date of the Share Exchange shall be
October 1, 2014; provided, however, that the effective date may be modified upon consultations between Nidec and Nidec-Read if necessary based on the progress of the Share Exchange procedures in accordance with Article 790 of the Companies Act.
In this case, Nidec-Read shall give public notice of the modified effective date by the day before the pre-modification effective date (if the modified effective date is before the pre-modification effective date, then the modified effective date).

 Article 4: Matters relating to the Number of Shares Granted and Allocation of Shares Pursuant to the Share Exchange 

 

	1.	When executing the Share Exchange, in exchange for Nidec-Read common stock, Nidec shall grant Nidec common stock equal to the number of Nidec-Read common shares owned
multiplied by 0.243 (fractions less than one share shall be rounded down) to Nidec-Read shareholders of record (excluding Nidec; referred to as “Shareholders at the Reference Time”) immediately prior to the acquisition of all Nidec-Read
issued shares by Nidec pursuant to the Share Exchange (the “Reference Time”). 

	2.	When executing the Share Exchange, Nidec shall allocate the Nidec common stock to Shareholders at the Reference Time at a rate of 0.243 shares of Nidec common stock for
each one share of Nidec-Read common stock owned. 

  

	3.	When executing the Share Exchange, if any of Nidec-Read shareholder receives fractional shares of less than one share of Nidec common stock as a result of allocation
pursuant to the preceding subsection at the Reference Time, Nidec shall handle such fractional shares in accordance with Article 234 of the Companies Act. 

 Article 5: Matters relating to Capital and Reserves 
 The amounts of Nidec’s capital
and reserves to be increased in conjunction with the Share Exchange are set forth below. 
  

			
	 Capital:
	 	Zero (0) yen
	 Capital reserves:
	 	Amount of change in shareholder’s equity stipulated in Article 39 of the Corporate Accounting Rules
	 Retained earnings reserve:
	 	Zero (0) yen

 Article 6: Approval Procedures 
  

	1.	Pursuant to Article 796, Paragraph 3 of the Companies Act, Nidec shall execute the Share Exchange without obtaining approval of this Agreement by resolution of its
general shareholders meeting; provided, however, that if approval of Nidec’s general shareholders meeting is required pursuant to Article 796, Paragraph 4 of the Companies Act, Nidec shall seek approval of this Agreement and the adoption of
resolutions concerning necessary matters from its general shareholders meeting by the day before the effective date. 

  

	2.	Nidec-Read shall seek approval of this Agreement and the adoption of resolutions concerning matters necessary for the Share Exchange at its ordinary general
shareholders meeting scheduled for June 17, 2014; provided, however, that this may be modified upon consultation between Nidec and Nidec-Read if necessary according to the progress of the Share Exchange procedures. 

Article 7: Handling of Treasury Shares 

Nidec-Read shall cancel all treasury shares (including any treasury shares acquired from dissenting shareholders exercising their purchase demand rights
in connection with the Share Exchange pursuant to Article 785, Paragraph 1 of the Companies Act) that it holds as of the Reference Time effective as of the Reference Time by resolution of Nidec-Read’s board of directors adopted at a meeting to
be held by the day before the effective date. 

 Article 8: Management of Corporate Assets 
 Nidec and Nidec-Read shall conduct operations and manage and administer their assets with the due care of a good manager from the day of execution of this Agreement until the day before the effective date
of the Share Exchange, and any conduct that will have a material impact on those assets and rights and duties shall be performed upon consultation and agreement between Nidec and Nidec-Read. 
 Article 9: Modification of the Share Exchange Conditions and Cancellation of this Agreement 

If during the period from the date of execution of this Agreement until the day before the effective date of the Share Exchange any material changes to
the assets or management status of Nidec or Nidec-Read occur, any circumstances that would materially impede execution of the Share Exchange occur, or it otherwise becomes difficult to achieve the objectives of this Agreement, upon consultation
between Nidec and Nidec-Read, the share exchange conditions may be modified or this Agreement may be canceled. 
 Article 10: Effectiveness
of this Agreement 
 If any lawful institutional decisions of Nidec or Nidec-Read specified in Article 6 or permits, licenses, registrations,
approvals, and the like from the competent authorities necessary for the execution of the Share Exchange cannot be obtained, this Agreement shall cease to be effective. 
 Article 11: Consultation Matters 
 Further to the provisions of this Agreement, Nidec and
Nidec-Read shall engage in consultations and make a determination in accordance with the intent of this Agreement concerning any necessary matters relating to the Share Exchange. 
 IN WITNESS WHEREOF, this Agreement shall be prepared in duplicate, and following execution by Nidec and Nidec-Read, each shall retain one copy. 
 April 22, 2014 
  

			
	Nidec:	 	
		
		 	Nidec Corporation
		 	338 Tonoshiro-cho, Kuze, Minami-ku, Kyoto
		 	By: Shigenobu Nagamori, Chairman of the Board, President and Chief Executive Officer
	
	Nidec-Read:
		
		 	Nidec-Read Corporation
		 	10 Tsutsumisoto-cho, Nishikyogoku, Ukyo-ku, Kyoto
		 	By: Michio Kaida, President and COO

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