Nidec Announces Financial Results for Third Quarter and Nine Months Ended December 31, 2013

Nidec Announces Financial Results for Third Quarter and Nine Months Ended
December 31, 2013

KYOTO, Japan, Jan. 22, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
today announced consolidated results under U.S. GAAP for the third quarter
(October-December 2013) and nine months (April-December 2013) of its fiscal
year ending March 31, 2014.

Highlights are as follows:

  *Record nine-month sales and net income
  *Nine-month sales, operating income and net income up 23.6% y/y, 43.8% y/y,
    and 58.9% y/y, respectively
  *Three-month sales, operating income and net income up 27.9% y/y, 17-fold
    y/y and 18-fold y/y, respectively 
  *Three-month operating margin back in double digits at 10.4%
  *Upward revision to the company's financial forecast and dividend target
    for the year ending March 31, 2014

Consolidated Results of Operations (unaudited)
                     Yen in millions (except for per share amounts and
                      percentages)
                      Nine months ended  Increase   Three months    Increase
                     December 31        (Decrease) ended           (Decrease)
                                                    December 31
                     2013      2012     %         2013    2012    %
                     (unaudited)                  (unaudited)     
Net sales            646,725   523,210  23.6%      217,091 169,670 27.9%
Operating income     61,866    43,026   43.8%      22,529  1,303   --
Ratio of operating    9.6%      8.2%     --         10.4%   0.8%    --
income to net sales
Income before income  62,525    37,836   65.3%      24,084  1,259   --
taxes
Ratio of income from
continuing operations 9.7%      7.2%     --         11.1%   0.7%    --
before income taxes
to net sales
Net income
attributable to Nidec 43,053    27,093   58.9%      15,950  894     --
Corporation
Ratio of net income
attributable to Nidec 6.7%      5.2%     --         7.3%    0.5%    --
Corporation to net
sales
Net income
attributable to Nidec
Corporation           317.93    201.26   --         115.67  6.60    --
stockholders per
share-basic
Net income
attributable to Nidec
Corporation           297.23    187.80   --         108.47  6.06    --
stockholders per
share-diluted

Full copy of the financial statements for Nidec's 3Q and nine months ended
December 31, 2013:

http://www.nidec.com/en-Global/ir/news/2014/news0122-02/

A conference call webcast (audio-only, user-control slides attached)
discussing Nidec's financial results for 3Q and nine months ended December 31,
2013 is scheduled for 09:00 a.m. EST on Wednesday, January 22, 2014. To listen
to the webcast, please visit Nidec website at:

http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY13Q3/

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor
drive technology. For the nine months ended December 31, 2013, 42.2% of its
consolidated sales were represented by small precision motors; 25.7% by
appliance, commercial and industrial products; 12.5% by automotive products;
8.9% by electronic and optical components; 9.8% 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
 
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