Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2009

• Press Release
• Source: Nidec Corporation
• On 2:30 am EDT, Friday July 24, 2009

KYOTO, Japan, July 24, 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 June 30, 2009.

Related Quotes

Symbol	Price	Change
NJ	21.40	+0.27

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

The following are the highlights:

 * Net sales:                     Down 29.3% Y/Y
 * Operating income:              Down 44.7% Y/Y
 * Income from continuing
   operations before income tax:  Down 62.6% Y/Y
 * Net income:                    Down 61.5% Y/Y
 * Net income per share (Primary) 41.78 Yen


 Consolidated Financial Results


                                              Japanese yen
                                   (millions except per share amounts)
                                  ------------------------------------
                                       Three months ended June 30,
                                  ------------------------------------
                                         2009           2008
                                  ------------------------------------
 Net sales                             123,648        174,947
   Y/Y change %                          (29.3%)          3.4%
 Operating income                       10,177         18,392
   Y/Y change %                          (44.7%)         19.9%
 Income from continuing                  8,632         23,083
 operations before income taxes
   Y/Y change %                          (62.6%)         37.0%
 Net income                              5,819         15,109
   Y/Y change %                          (61.5%)         35.9%
 Net income per share, primary           41.78         104.24
 Net income per share, diluted              --         101.27
 ---------------------------------

 Note: Prior-period statements have been retrospectively restated to
       reflect the reclassification of discontinued operations in 
       accordance with the SFAS No.144.

Full copy of Nidec's earnings release: http://www.nidec.co.jp/english/ir/lib/indexdata2/2010/Q1_3.pdf

A conference call webcast (listen only, user-control slides attached) discussing Nidec's financial results for the first quarter FY2009 is scheduled for 09:00 a.m. EDT (14:00 p.m. BST) on Friday, July 24, 2009. To listen to the webcast, please visit Nidec website at: http://www.nidec.co.jp/english/ir/information/FY09Q1

About Nidec Corporation

Nidec Corporation (NYSE:NJ - News; Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the three months ended June 30, 2009, small precision motors and mid-size motors represented 71.2% 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