Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2013

Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2013

KYOTO, Japan, July 23, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
today announced its consolidated results under U.S.GAAP for the period of
April 1, 2013 through June 30, 2013.

The highlights are as follows:

  *Sales up 18% y/y and 13.6% q/q to a quarterly record of JPY 211.3 billion.
  *Operating income of JPY 18.1 billion, a positive swing of approximately
    JPY 43.5 billion compared to a loss from operations of JPY 25.4 in the
    fourth quarter ended March 31, 2013. Operating income on a y/y basis down
    18.5%.
  *Upward revision to the 1H and full-year financial forecasts.
  *EPS: 99.56 yen (basic)
    92.93 yen (diluted)

Selected Consolidated       (Yen in millions, except for per share amounts and
Results of Operations       percentages)
(Unaudited)
                                                               (Reference)
                           Three months ended    Increase     Three months
                            June 30,              (Decrease)%  ended
                                                               March 31, 2013
                           2013       2012                   
Net sales                  211,276    179,021    18.0%        186,060
Operating income           18,080     22,183     (18.5%)      (25,399)
Ratio of operating income   8.6%       12.4%      --            --
to net sales
Income before income taxes 17,399     18,334     (5.1%)       (24,409)
Ratio of income before      8.2%       10.2%      --           --
income taxes to net sales
Net income attributable to  13,359     13,282     0.6%         (19,095)
Nidec Corporation
Ratio of net income
attributable to Nidec       6.3%      7.4%      --          --
Corporation to net sales
Net income attributable to
shareholders per            99.56      97.99      --          --
share-basic--
Net income attributable to
shareholders per            92.93     91.53      --          --
share-diluted
                                                           

Full copy of Nidec's financial statements for the first quarter ended June 30,
2013:
http://www.nidec.co.jp/english/news/indexdata_e/2013/0723_2.pdf

A conference call webcast (audio-only, user-control slides attached)
discussing Nidec's financial results for the first quarter ended June 30, 2013
is scheduled for 09:00 a.m. EDT on Tuesday, July 23, 2013. To listen to the
webcast, please visit Nidec website at:
http://www.nidec.co.jp/english/ir/information/FY13Q1

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric
motor drive technology. For the first quarter ended June 30, 2013, 41.6% of
its consolidated sales were represented by small precision motors; 27.5% by
appliance, commercial and industrial products; 12.3% by automotive products;
8.3% by electronic and optical components; 9.4% by machinery, and 0.9% 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@nidec.com

Nidec Corporation