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Nidec Announces Financial Results for Fiscal Year Ended March 31, 2013

Nidec Announces Financial Results for Fiscal Year Ended March 31, 2013

KYOTO, Japan, April 23, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
today announced its consolidated results under U.S.GAAP for the fiscal year
ended March 31, 2013. The highlights are as follows:

  *Full-year sales up 3.9% Y/Y. Operating income down 75.9 % Y/Y, mainly due
    to costs related to a structural reform aimed to overcome demand declines
    experienced in the second half of FY2012.
  *Board decision to make three subsidiaries (Nidec Copal, Nidec Tosok and
    Nidec Seimitsu) wholly owned by Nidec Corp. through share exchange.
  *EPS: 59.37 (basic)
    55.07 (diluted)
  *Year-end Dividend: 40 Yen per share
    Annual Dividend: 85 Yen per share

Selected Consolidated Results of Operations
                     Yen in millions (except for per share amounts)
                      Year ended     Increase   Three months ended Increase
                     March 31        (Decrease) March 31           (Decrease)
                                      %                             %
                     2013    2012              2013      2012     
                     (unaudited)               (unaudited)        
Net sales            709,270 682,320 3.9%       186,060   167,587  11.0%
Operating income     17,627  73,070  (75.9%)    (25,399)  18,775   --
Ratio of operating    2.5%    10.7%   --         (13.7%)   11.2%    --
income to net sales
Income from
continuing operations 13,427  70,856  (81.1%)    (24,409)  22,063   --
before income taxes
Ratio of income from
continuing operations 1.9%    10.4%   --         (13.1%)   13.2%    --
before income taxes
to net sales
Income from
continuing            6,872   52,055  (86.8%)    (22,313)  15,787   --
operations
Loss from
discontinued          --      (7,768) --         --       (6,045)  --
operations
Net income
attributable to Nidec 7,998   40,731  (80.4%)    (19,095)  9,077    --
Corporation
Ratio of net income
attributable to Nidec 1.1%    6.0%    --         (10.3%)   5.4%     --
Corporation to net
sales
Net income
attributable to       59.37   296.25  --         (141.45)  66.34    --
shareholders per
share-basic
Net income
attributable to       55.07   276.89  --         --        61.98    --
shareholders per
share-diluted

Full copy of Nidec's financial statements for the year ended March 31, 2013:

http://www.nidec.co.jp/english/ir/lib/indexdata2/2013/Q4_3.pdf

  A conference call webcast (audio-only, user-control slides attached)
  discussing Nidec's financial results for the fiscal year ended March 31,
  2013 is scheduled for 09:00 a.m. EDT on Wednesday, April 24, 2013.

  To listen to the webcast, please visit Nidec website at:

  http://www.nidec.co.jp/english/ir/information/FY12Q4 

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric
motor drive technology. For the year ended March 31, 2013, 45.1% of its
consolidated sales were represented by small precision motors; 22.8% by
appliance, commercial and industrial products; 12.2% by automotive products;
9.7% by electronic and optical components; 9.0% 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.

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

Nidec Corporation
 
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