Nidec Revises Consolidated Financial Forecasts and Year-End Dividend Projection for the Year Ending March 31, 2013

Nidec Revises Consolidated Financial Forecasts and Year-End Dividend
Projection for the Year Ending March 31, 2013

KYOTO, Japan, Jan. 24, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
(the "Company") today announced a downward revision to its U.S. GAAP-based
consolidated full-year financial forecasts announced on October 24, 2012 and
year-end dividend projection announced on April 24, 2012, for the year ending
March 31, 2013.

1. Revised consolidated financial forecasts (U.S. GAAP) for the year ending
March 31, 2013

From April 1, 2012 to March 31, 2013 (Millions of yen, except per share
amounts and percentages)
                         For the year ending March 31, 2013  (Reference)
                         Previous  Revised  Change           For the Year   
                          Forecasts                           Ended
                         (Oct. 24, Forecast Amount   Percent March 31, 2012
                          2012)
Net sales                 720,000   690,000  (30,000) (4.2%)  682,320
Operating income          80,000    20,000   (60,000) (75.0%) 73,070
Income from continuing
operations before income  71,000    12,500   (58,500) (82.4%) 70,856
taxes
Net income attributable   50,000    4,500    (45,500) (91.0%) 40,731
to Nidec Corporation
Net income attributable
to Nidec Corporation      370.45    33.37    --       --      296.25
stockholders per share
(basic)

Reasons for the revision

Since the middle of the fiscal third quarter ended December 31, 2012, the
Company has experienced a drastic decline in demand for its core products,
including those used in personal computers, digital still cameras, and LCD
(Liquid Crystal Display) panel manufacturing equipment. Under the assumption
that the weak demand environment would continue to affect the Company's
businesses through the fiscal fourth quarter, the Company initiated a
structural reform to bolster its earnings strength and incurredthe resulting
expenses in the fiscal third quarter. The Company is prepared to incur
additional streamlining costs and associated adjustment expenses in the fiscal
fourth quarter and now expects its sales and operating income for the fiscal
year ending March 31, 2013 to significantly underperform its previous
forecasts announced in October 2012. 

The revised financial forecasts assume the exchange rates of 85 yen against
the U.S. dollar and 115 yen against the euro. The assumed exchange rates of
the yen against other currencies, including Asian currencies, have been
determined in relation to the yen-dollar exchange rate.

2. Revised year-end dividend projection for the year ending March 31, 2013

Dividend per share (yen) for the year ended March 31, 2013

                    
                    Annual Dividend
                    First       Second      Third       Fourth      Full year
                     Quarter-end Quarter-end Quarter-end Quarter-end
Previous Forecast
(as of April 24,     --          45          --          50          95
2012)
Revised Forecast    --          --          --          35          80
Dividend Paid
(for the year ending --          45         --          --          --
March 31, 2013)
Dividend Paid
(for the year ended  --          45         --          45         90
March 31, 2012)

Reasons for revision

Based on the stated revision to the Company's consolidated financial forecasts
for the year ending March 31, 2013, the Company has revised downward its
year-end dividend projection for the year ending March 31, 2013 from 50 yen
per share to 35 yen per share, making the projected aggregate annual dividend
80 yen per share.

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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