Nidec Revises Upward Consolidated Fiscal First-Half and Year-End Financial Forecasts and Dividend Projections for the Year

Nidec Revises Upward Consolidated Fiscal First-Half and Year-End Financial
Forecasts and Dividend Projections for the Year Ending March 31, 2015

KYOTO, Japan, July 23, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
(the "Company") today announced an upward revision to its U.S. GAAP-based
consolidated fiscal first-half and year-end financial forecasts and dividend
projections for the year ending March 31, 2015, originally announced on April
22, 2014.

Revised consolidated financial forecasts (U.S. GAAP) for the six months ending
September 30, 2014

From April 1, 2014 to September 30, 2014 (Millions of yen, except for per
share amounts and percentages)
                      For the six months ending September 30, 
                       2014
                       Previous                                (Reference)
                       forecast    Revised  Change   Change    For the six
                      (April 22,  Forecast (amount) (percent) months
                       2014)                                   ended September
                                                               30, 2013
Net sales              450,000     460,000  10,000   2.2%      429,634
Operating income       45,000      50,000   5,000    11.1%     39,337
Income before taxes    44,000      49,000   5,000    11.4%     38,441
Net income
attributable to Nidec  29,500      33,500   4,000    13.6%     27,103
Corporation
Net income
attributable to Nidec  106.96      121.46   --       --        100.99
Corporation per
share-basic*

Revised consolidated financial forecasts (U.S. GAAP) for the year ending March
31, 2015

From April 1, 2014 to March 31, 2015 (Millions of yen, except for per share
amounts and percentages)
                        For the year ending March 31, 2015     
                         Previous                               (Reference)
                        forecast   Revised  Change   Change    For the year
                         (April 22, Forecast (amount) (percent) ended
                         2014)                                  March 31, 2014
Net sales                950,000    960,000  10,000   1.1 %     875,109
Operating income         100,000    105,000  5,000    5.0 %     85,068
Income before taxes      98,000     103,000  5,000    5.1 %     84,664
Net income attributable  65,000     69,000   4,000    6.2 %     56,404
to Nidec Corporation
Net income attributable
to Nidec Corporation per 235.67     250.18   --       --        207.31
share-basic*

* The Company implemented a two-for-one stock split of its common stock
effective April 1, 2014. The previously reported net income attributable to
Nidec Corporation per share-basic has been retroactively adjusted to reflect
the stock split.

Reasons for the revision for the financial forecasts

Net sales and resulting profit for the three months ended June 30, 2014
exceeded the Company's expectations at the beginning of the period. In view of
the favorable quarterly results, the Company has decided to revise upward its
previously announced financial performance forecasts for six months ending
September 30, 2014 and the fiscal year ending March 31, 2015 largely to the
extent that the three-month results exceeded its original expectations.

Notes:

The exchange rates used for the preparation of the foregoing forecasts are
US$1 = JPY100 and Euro1 = JPY135. 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.

Revised interim and year-end dividend projections for the year ending March
31, 2015

Dividends per share (Yen) for the year ending March 31, 2015

                    
                    Annual Dividends Per Share
                    First       Second      Third       Fourth      Full Year
                     Quarter-end Quarter-end Quarter-end Quarter-end
Previous projection
(as of April 22,     --          27.50       --          27.50       55.00
2014)
Revised projection   --          30.00       --          30.00       60.00
Divided paid for the
year                 --          --          --          --          --
ending March 31,
2015
<Reference>
Dividend paid for
the year             --          45.00       --          55.00       100.00
ended March 31,
2014*

*The Company implemented a two-for-one stock split on its common stock as of
March 31, 2014. Dividends paid for the year ended March 31, 2014 represent the
actual payment amounts on a pre-split basis.

Reasons for the revision for dividend projections

The Company upholds shareholder-oriented management and places importance on
regular dividend payments, seeking to increase its dividend payout to around
30% of the consolidated net income. Based on the stated upward revision to the
Company's consolidated financial forecasts for the year ending March 31, 2015,
the Company has revised upward both its interim and year-end dividend
projections for the year ending March 31, 2015 from 27.50 yen per share to
30.00 yen per share, making the projected aggregate annual dividend 60.00 yen
per share.

Cautionary Statement Concerning Forward-Looking Information

This press release contains forward-looking statements regarding the Company's
current intent, plans, expectations and estimates. Such forward-looking
statements are not guarantees of future performance or events and involve
risks and uncertainties. Actual results may differ materially from those
described in such forward-looking statements as a result of various factors,
including, but not limited to, changes in customer circumstances and demand,
exchange rate fluctuations, available funds, future alternative uses for cash,
and general economic, business and market conditions. The Company assumes no
obligation to, and does not currently intend to, update these forward-looking
statements, except as required by law.

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

Nidec Corporation
 
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