Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2013

Nidec Announces Financial Results for Fiscal Second Quarter and Six Months
Ended September 30, 2013

KYOTO, Japan, Oct. 22, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
today announced its consolidated results under U.S.GAAP for the period of
April 1, 2013 through September 30, 2013.

The highlights are as follows:

  *Six-month sales up 21.5% y/y to a record high of JPY 429.6 billion.
  *Six-month operating income down 5.7% y/y, but significantly surpassed the
    previously announced earnings guidance. 
  *Upward revision to FY2013 financial forecast and dividend outlook
  *1H FY2013 diluted EPS: 188.53 yen
  *1H FY2013 dividend: 45 yen per share

Selected
Consolidated                                           
Results of
Operations
               (Yen in millions, except for per share amounts and
                percentages)
                                                      
                Six months      Increase   Three months   Increase(Decrease)
               Ended          (Decrease)  Ended           %
                September 30,   %           September 30,
               2013    2012               2013    2012    
               (Unaudited)                (Unaudited)     
Net sales      429,634 353,540 21.5%       218,358 174,519 25.1%
Operating       39,337  41,723  (5.7%)      21,290  19,540  9.0%
income
Ratio of
operating       9.2%    11.8%              9.8%    11.2%   --
income to net
sales
Income before   38,441  36,577  5.1%        21,075  18,243  15.5%
income taxes
Ratio of income
before income   8.9%    10.3%   --          9.7%    10.5%   --
taxes to net
sales
Net income
attributable to 27,103  26,199  3.5%        13,757  12,917  6.5%
Nidec
Corporation
Ratio of net
income
attributable to 6.3%    7.4%    --          6.3%    7.4%    --
Nidec
Corporationto
net sales
Net income
attributable to
shareholders    201.99  195.28  --          102.53  97.28   --
per
share-basic
Net income
attributable to
shareholders    188.53  182.27  --          95.70   90.74   --
per
share-diluted

Full copy of Nidec's financial statements for the second quarter and six
months ended September 30, 2013:

http://www.nidec.com/en-Global/ir/news/2013/news1022-01

A conference call webcast (audio-only, user-control slides attached)
discussing Nidec's financial results for the second quarter and six months
ended September 30, 2013 is scheduled for 09:00 a.m. EDT (14:00 p.m. BST) on
Wednesday, October 23, 2013.

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

http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY13Q2/

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric
motor drive solutions. For the six months ended September 30, 2013, 42% of the
company's consolidated sales were represented by small precision motors, 38.2%
by automotive, home appliance, commercial and industrial products. Electronic
and optical components, machinery and other products comprised the remainder.
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
 
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