Nidec Announces Differences Between Financial Projection and Actual Results for Fiscal Year Ended March 31, 2013 and Revision to

Nidec Announces Differences Between Financial Projection and Actual Results
for Fiscal Year Ended March 31, 2013 and Revision to Year-End Dividend
Forecast

KYOTO, Japan, April 23, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (the
"Company") (NYSE:NJ) today announced differences between its financial
forecast for the year ended March 31, 2013 (announced on January 24, 2013) and
the actual financial results released today. The Company also announced that
it would revise its year-end dividend forecast for the year ended March 31,
2013, which is to be approved at a meeting of the Company's Board of Directors
scheduled for May 28, 2013.

The details are as follows.

1.  Differences between Financial Projection and Actual Results for Fiscal
Year Ended March 31, 2013 (U.S. GAAP)

From April 1, 2012 to March 31, 2013 (Millions of Yen, except per share
amounts and percentages)
                  For the year ended March 31, 2013      For the year
                                                          endedMarch 31, 2012
                   Forecast
                  announced      Actual  Change   Change
                   on January 24,         (amount) (%)
                   2013
Net sales          690,000        709,270 19,270   2.8    682,320
Operating income   20,000         17,627  (2,373)  (11.9) 73,070
Income from
continuing
operations         12,500         13,427  927      7.4    70,856
before income
taxes
Net income
attributable       4,500          7,998   3,498    77.7   40,731
to the Company
Net income
Attributable to    33.37          59.37   --       --     296.25
Nidec Corporation
per share-basic

The Company sees its net sales for the fiscal year 2012 in line with its
expectations, but operating income fell short of the Company's expectation due
to increased selling costs and general, administrative expenses. In the
meantime, income from continuing operations before income taxes increased due
to factors including foreign exchange gains deriving from Yen's depreciation.
Net income attributable to the Company also increased to exceed the Company's
expectation mainly because of positive tax effects and decreased
non-controlling interests. 

2. Revision to Year-end Dividend Forecast for Fiscal Year Ended March 31, 2013


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

                         Interim Year end Full year
Previous Forecast         --      35       80
(as of January. 24, 2013)
Revised Forecast          --      40       85
Dividend Paid             45      --       --

<Reference>

Dividend per share (Yen) for the year ended March 31, 2012

             Interim Year end Full year
Dividend Paid 45      45       90

The Company upholds shareholder-oriented management and places importance on
regular dividend payments, seeking to increase its dividend payout to around
30% of the consolidated net income.

For the fiscal year ended March 31, 2013, in addition to the interim dividend
of ¥45.0 per share already paid, the Company intends to pay a year-end
dividend of 40.0 Yen per share, an increase of ¥5.0 per share from the amount
previously announced. As a result, together with the interim dividend of ¥45.0
per share, the full-year dividend will be ¥85.0 per share.

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

Nidec Corporation
 
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