Nidec Revises First-Half and Full-Year FY2013 Guidance Upward

Nidec Revises First-Half and Full-Year FY2013 Guidance Upward

KYOTO, Japan, July 23, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
today announced an upward revision of its consolidated financial forecasts
(announced on April 23, 2013) for the year ending March 31, 2014 as follows.

1. Revised consolidated financial forecasts (U.S. GAAP) for the six months
ending September 30, 2013

From April 1, 2013 to September 30, 2013 (Millions of yen, except per share
amounts and percentages)

                     For the six months ending September 30, 
                      2013
                      Previous                                (Reference)
                      forecast    Revised  Change   Change    For the six
                     (April 23,  Forecast (amount) (percent) months
                      2013)                                   ended September
                                                              30, 2012
Net sales             380,000     400,000  20,000   5.3%      353,540
Operating income      30,000      35,000   5,000    16.7%     41,723
Income before income  29,000      34,000   5,000    17.2%     36,577
taxes
Net income
attributable to Nidec 21,000      24,500   3,500    16.7%     26,199
Corporation
Net income
attributable to Nidec 155.92      182.59   --       --        195.28
Corporation per
share-basic

2. Revised consolidated financial forecasts (U.S. GAAP) for the year ending
March 31, 2014

From April 1, 2013 to March 31, 2014 (Millions of yen, except per share
amounts and percentages)

                        For the year ending March 31, 2014     
                         Previous                               (Reference)
                        forecast   Revised  Change   Change    For the year
                         (April 23, Forecast (amount) (percent) ended
                         2013)                                  March 31, 2013
Net sales                800,000    820,000  20,000   2.5 %     709,270
Operating income         70,000     75,000   5,000    7.1 %     17,627
Income before income     68,000     73,000   5,000    7.4 %     13,427
taxes
Net income attributable  50,000     53,500   3,500    7.0 %     7,998
to Nidec Corporation
Net income attributable
to Nidec Corporation per 371.25     398.72   --       --        59.37
share-basic

2. Reasons for the revision

Net sales and operating and net income for the three months ended June 30,
2013 exceeded our expectations at the beginning of the period. Therefore, we
have decided to revise upward our previously announced financial performance
forecasts, in most part, to the extent that our net sales and operating and
net income for the three months ended June 30, 2013 exceeded our expectations
at the beginning of the period. Accordingly, we have revised upward our
previously announced financial performance forecasts for the six months ending
September 30, 2013 and the fiscal year ending March 31, 2014.

Notes:

(1) The exchange rates used for the preparation of the foregoing forecasts are
US$1 = ¥95 and€1 = ¥125. The exchange rates between the relevant Asian
currencies and the Japanese yen used for the preparation of the foregoing
forecasts were determined assuming these exchange rates.

(2) Pursuant to ASC 805 "Business Combinations," our consolidated operating
results for the three months ended June 30, 2012 have been retroactively
adjusted to reflect our valuation of the fair values of the assets acquired
and the liabilities assumed upon the acquisition of Nidec ASI S.p.A. and Nidec
Minster Corporation. We completed our valuation of such assets and liabilities
during the three months ended March 31, 2013.

Disclaimer Regarding Forward-looking Statements

This press release contains forward-looking statements including expectations,
estimates, projections, plans, and strategies. Such forward-looking statements
are based on management's assumptions and beliefs in light of the information
currently available. Certain risks, uncertainties and other factors could
cause actual results to differ materially from those discussed in the
forward-looking statements. Such risks and uncertainties include, but are not
limited to, changes in customer circumstances and demand, exchange rate
fluctuations, and the Nidec Group's ability to design, develop, mass produce
and win acceptance of its products and to acquire and successfully integrate
companies with complementary technologies and product lines. Please see other
disclosure documents filed or published by the Nidec Group companies,
including the latest Form 20-F and Japanese securities report, for additional
information regarding such risks and uncertainties. Nidec undertakes no
obligation to update the forward-looking statements unless required by law.

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

Nidec Corporation
 
Press spacebar to pause and continue. Press esc to stop.