Nidec Announces Financial Results for Fiscal Six Months Ended September 30, 2009

• Press Release
• Source: Nidec Corporation
• On 2:30 am EDT, Monday October 26, 2009

KYOTO, Japan, Oct. 26, 2009 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ - News) today announced its financial results under U.S.GAAP for the period of April 1, 2009 to September 30, 2009.

Related Quotes

Symbol	Price	Change
NJ	19.68	+0.14

{"s" : "nj","k" : "c10,l10,p20,t10","o" : "","j" : ""}

The following are the highlights:

Profitability improvement taking hold, maintaining a double-digit operating margin despite lower sales.

 * Net sales:                                 Down 26.0% Y/Y
 * Operating income:                          Down 30.5% Y/Y
 * Operating margin:                          10.5% (1H FY2008: 11.2%)
 * Income from continuing operations
    before income tax:                        Down 48.2% Y/Y
 * Net income attributable to Nidec:          Down 50.5% Y/Y
 * Net income per share (primary)
    attributable to Nidec:                    98.99 Yen
 * Net income per share (diluted)
    attributable to Nidec:                    98.99 Yen

Consolidated Financial Results

                                               Japanese yen (millions
                                              except per share amounts)
                                              ------------------------
                                                  Six months ended
                                                   September 30,
                                              ------------------------
                                                2009           2008
                                              ------------------------

  Net sales                                    268,743        363,276
    Y/Y change %                                 (26.0%)          2.7%
  Operating income                              28,321         40,778
    Y/Y change %                                 (30.5%)         18.9%
  Income from continuing operations before
   income taxes                                 22,474         43,379
    Y/Y change %                                 (48.2%)         36.5%
  Net income                                    13,788         27,840
    Y/Y change %                                 (50.5%)         36.8%
  Net income per share, primary                  98.99         192.06
  Net income per share, diluted                  98.99         186.56
 ----------------------------------------

Note: Prior-period statements have been retrospectively restated to reflect the reclassification of discontinued operations in accordance with ASC205-20 (Presentation of Financial Statements-Discontinued Operations).

Full copy of Nidec's earnings release: http://www.nidec.co.jp/english/ir/lib/indexdata2/2010/Q2_3.pdf

A conference call webcast (listen only, user-control slides attached) discussing Nidec's financial results for the six months ended September 30, 2009 is scheduled for 09:00 a.m. EDT (13:00 p.m. BST) on Tuesday, October 27, 2009. To listen to the webcast, please visit Nidec website at: http://www.nidec.co.jp/english/ir/information/FY09Q2

About Nidec Corporation

Nidec Corporation (NYSE:NJ - News) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the six months ended September 30, 2009, small precision motors and mid-size motors represented 70.8% of the total sales; 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.

The Nidec Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1734

Nidec Corporation
Investor Relations
Masahiro Nagayasu, General Manager
+81-75-935-6140
ir@jp.nidec.com