Nidec to Procure M&A Capital

Nidec to Procure M&A Capital

KYOTO, Japan, Nov. 28, 2012 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
(the "Company") today announced that it plans to receive funds to accommodate
part of the total amount of its M&A cost via The Bank of Tokyo- Mitsubishi
UFJ, Ltd., Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank,
Limited, and The Norinchukin Bank by utilizing the credit lines to these
Japanese financial institutions extended by the Japan Bank for International
Cooperation (JBIC).

The Company has been trying to strengthen the Nidec Group's commercial motor
business as one of its main businesses, part of such efforts being the
September 2010 acquisition of Nidec Motor Corporation (formerly, Motors &
Controls Business of Emerson Electric Co. (US), "NMC").

To further strengthen the Group's commercial motor business, on November 01,
2012, the Company has acquired, and started operating as its new subsidiary,
Kinetek Group Inc. ("Kinetek"), a company that occupies a leading position in
the U.S. and other markets for commercial motors used in such end-products as
elevators/escalators, material handling vehicles, etc.

The Company expects that the above credit lines will suppress its cost to
procure long-term foreign currency-based funds for its overseas M&A
activities, and that the procurement of foreign currency-denominated long-term
liabilities will contribute to reducing currency exchange-associated risks.

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

CONTACT: For inquiries, please contact:
         Mr. Keiji Hirai
         General Manager, Finance Department
         Nidec Corporation
         338 Tonoshiro-cho, Kuze, Miami-ku, Kyoto 601-8205
         Tel: +81-75-935-6230

Nidec Corporation
 
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