Nidec Announces Financial Results for Third Quarter and Nine Months Ended December 31, 2012

Nidec Announces Financial Results for Third Quarter and Nine Months Ended
December 31, 2012

KYOTO, Japan, Jan. 24, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
today announced consolidated results under U.S. GAAP for the third quarter
(October-December 2012) and nine months (April-December 2012) of its fiscal
year ending March 31, 2013.

Highlights are as follows:

  *3Q and nine-month sales up 7.8% y/y and 1.6% y/y, respectively.
  *3Q and nine-month operating income down 81.4% and 17.7%, respectively,
    mainly due to costs related to structural reform intended to overcome the
    market downtrend starting in the middle of 3Q.
  *EPS: 209.60 (basic)

   195.59 (diluted)

Consolidated Results  Yen in millions (except for per share amounts and
of Operations         percentages)
(unaudited)
                      Nine months ended  Increase   Three months    Increase
                     December 31        (Decrease) ended           (Decrease)
                                                    December 31
                     2012      2011               2012   2011   
                     (unaudited)                  (unaudited)     
Net sales             523,210   514,733  1.6%       169,670 157,442 7.8%
Operating income      44,702    54,295   (17.7%)    2,517   13,528  (81.4%)
Ratio of operating    8.5%      10.5%    --         1.5%    8.6%    --
income to net sales
Income from
continuing operations 39,512    48,793   (19.0%)    2,473   14,206  (82.6%)
before income taxes
Ratio of income from
continuing operations 7.6%      9.5%     --         1.5%    9.0%    --
before income taxes
to net sales
Net income
attributable to Nidec 28,216    31,654   (10.9%)    1,700   9,125   (81.4%)
Corporation
Ratio of net income
attributable to Nidec 5.4%      6.1%     --         1.0%    5.8%    --
Corporation to net
sales
Net income
attributable to Nidec
Corporation           209.60    229.86   --         12.55   66.68   --
stockholders per
share-basic
Net income
attributable to Nidec
Corporation           195.59    214.87   --         11.63   62.30   --
stockholders per
share-diluted

Full copy of the financial statements for Nidec's 3Q and nine months ended
December 31, 2012:

http://www.nidec.co.jp/english/ir/lib/indexdata2/2013/Q3_3.pdf

A conference call webcast (audio-only, user-control slides attached)
discussing Nidec's financial results for 3Q and nine months ended December 31,
2012 is scheduled for 09:00 a.m. EST on Thursday, January 24, 2013. To listen
to the webcast, please visit Nidec website at:

http://www.nidec.co.jp/english/ir/information/FY12Q3

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric
motor drive technology. For the nine months ended December 31, 2012, 46.4% of
its consolidated sales were represented by small precision motors; 21.2% by
appliance, commercial and industrial products; 12.1% by automotive products;
10.2% by electronic and optical components; 8.9% by machinery, and 1.2% by the
remaining product lines. 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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