OSAKA -- Nidec Corp., a maker of precision motors, said Monday it has canceled a plan to conduct a global offering of 4 million outstanding shares.

The decision is due to the unstable stock market conditions both in Japan and abroad following the terror attacks on U.S. financial and military centers last week, the Kyoto-based company said.

But Nidec added it will continue preparations to list on the New York Stock Exchange between Sept. 26 and Oct. 1 as scheduled.