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Nidec Announces Financial Results for Fiscal Second Quarter Ended September 30, 2012



Nidec Announces Financial Results for Fiscal Second Quarter Ended September
30, 2012

KYOTO, Japan, Oct. 24, 2012 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
today announced its consolidated results under U.S.GAAP for the period of
April 1, 2012 through September 30, 2012.

The highlights are as follows:

  * Six-month operating income up 5% y/y, with margin ratio edging up 0.7
    points to 12.1%, while sales down 1.0% y/y.
  * Three out of six previously announced acquisitions completed to lay the
    groundwork for a new phase of global growth.
  * Diluted EPS: 187.29 yen (for the six months ended September 30, 2012)
  * Interim dividend: 45 yen per share
    Projected annual dividend: 95 yen per share

Selected Consolidated Results of Operations
                        (Yen in millions, except for per share amounts and
                        percentages)
                        Six months                  Three months     
                        Ended            Increase   Ended           Increase
                         September 30,   (Decrease) September 30,   (Decrease)
                                         %                          %
                        2012    2011                2012    2011     
                        (unaudited)                 (unaudited)      
Net sales               353,540 357,291  (1.0%)     174,519 180,657 (3.4%)
Operating income        42,816  40,767   5.0%       20,314  20,920  (2.9%)
Ratio of operating      12.1%   11.4%               11.6%   11.6%    
income to net sales 
Income from continuing
operations before       37,670  34,587   8.9%       19,017  16,327  16.5%
income taxes
Ratio of income from
continuing operations   10.7%   9.7%     --         10.9%   9.0%    --
before income taxes to
net sales 
Income from continuing   28,878  26,316  9.7%       14,795  12,336  19.9%
operations 
Loss from discontinued   --      (1,362) --         --              --
operations                                                  (686)
Net income attributable  26,920  22,529  19.5%      13,434  10,319  30.2%
to Nidec Corporation 
Ratio of net income
attributable to Nidec   7.6%    6.3%     --         7.7%    5.7%    --
Corporation to net
sales
Net income attributable
to shareholders per     200.66  163.08   --         101.17  74.86   --
share-basic 
Net income attributable
to shareholders per     187.29  152.49   --         94.37   69.98   --
share-diluted 

Full copy of Nidec's financial statements for the second quarter ended
September 30, 2012:

http://www.nidec.co.jp/english/ir/lib/indexdata2/2013/Q2_3.pdf

A conference call webcast (audio-only, user-control slides attached)
discussing Nidec's financial results for the second quarter ended September
30, 2012 is scheduled for 09:00 a.m. EDT (14:00 p.m. BST) on Thursday, October
25, 2012.

To listen to the webcast, please visit Nidec website at:

http://www.nidec.co.jp/english/ir/information/FY12Q2

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric
motor drive solutions. For the six months ended September 30, 2012, small
precision motors and automotive, household, commercial and industrial products
combined represented 76.2% of the company's consolidated sales. Electronic and
optical components, machinery and other products comprised the remainder.
Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current
President and CEO.

The Nidec Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1734
 

CONTACT: Masahiro Nagayasu
         General Manager
         Investor Relations
         +81-75-935-6140
         ir@jp.nidec.com

Nidec Corporation
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