Nidec Board Authorizes Share Repurchases

Nidec Board Authorizes Share Repurchases

(Repurchases of Shares Pursuant to Article 459, Paragraph 1, Item 1 of the
Companies Act of Japan.)

KYOTO, Japan, Jan. 24, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
(the "Company") announced today that it has resolved at a meeting of the Board
of Directors held on January 24, 2013 to repurchase its own shares in
accordance with the Articles of Incorporation pursuant to Article 459,
Paragraph 1, Item 1 of the Companies Act of Japan.

Reason for Share Repurchase

This resolution is intended to ensure agile capital management highly
responsive to the changing business environment.

Details of Authorized Share Repurchase Plan

1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 3,000,000 shares
   (2.21% of total number of shares issued, excluding treasury stock)
3. Total repurchase amount: Up to 20 billion yen
4. Period of repurchase: From January 25, 2013 through January 24, 2014

Reference

Total number of shares issued and treasury shares as of January 24, 2013:

  * Total number of shares issued (excluding treasury stock): 135,768,464
    shares
  * Treasury stock: 9,306,616 shares

Cautionary Statement Concerning Forward-Looking Information

This press release contains forward-looking statements regarding the Company's
current intent, plans, expectations and estimates. Such forward-looking
statements are not guarantees of future performance or events and involve
risks and uncertainties. Actual results may differ materially from those
described in such forward-looking statements as a result of various factors,
including, but not limited to, available funds, future alternative uses for
cash, future competing investment opportunities, and general economic,
business and market conditions. The Company assumes no obligation to, and does
not currently intend to, update these forward-looking statements, except as
required by law.

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