Nidec Revises Upward Consolidated Financial Forecasts for the Year Ending March 31, 2010

• 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 an upward revision on its consolidated financial forecasts (U.S. GAAP) for the six months ending September 30, 2009 and the year ending March 31, 2010 as follows.

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 1. Revised consolidated financial forecasts for the six months
    ending September 30, 2009
    -U.S. GAAP-

 From April 1, 2009 to September 30, 2009 (Millions of yen, except per
  share amounts and percentages)
 ---------------------------------------------------------------------
            For the six months ending September 30, 2009
           ----------------------------------------------
             Previous                                       For the
             Forecast                                      six months
              (as of                       Changes           ended
             April 24,   Revised      -------------------   Sept. 30,
               2009)     Forecast     Amount   Percentage     2008
 ---------------------------------------------------------------------
 Net sales    250,000     250,000        --         --       365,220
 ---------------------------------------------------------------------
 Operating
  income       15,000      20,000     5,000       33.3        40,778
 ---------------------------------------------------------------------
 Income
  before
  Income       14,000      18,000     4,000       28.6        43,381
  Tax
 ---------------------------------------------------------------------
 Net
  income        9,000      12,000     3,000       33.3        27,840
 ---------------------------------------------------------------------
 Earnings
  per share     64.61       86.15        --        --         192.06
 ---------------------------------------------------------------------


 2. Revised consolidated financial forecasts for the year ending
    March 31, 2010
    -U.S. GAAP-

 From April 1, 2009 to March 31, 2010 (Millions of yen, except per
 share amounts and percentages)
 ---------------------------------------------------------------------
            For the six months ending March 31, 2010
           ----------------------------------------------
             Previous                                       For the
             Forecast                                        year
              (as of                       Changes           ended
             April 24,   Revised      -------------------   March 31,
               2009)     Forecast     Amount   Percentage     2009
 ---------------------------------------------------------------------
 Net sales    550,000     550,000          --        --     613,458
 ---------------------------------------------------------------------
 Operating
  income       45,000      50,000       5,000      11.1      51,806
 ---------------------------------------------------------------------
 Income
  before
  Income 
  Tax          43,000      47,000       4,000       9.3      47,029
 ---------------------------------------------------------------------
 Net income    27,000      30,000       3,000      11.1      28,353
 ---------------------------------------------------------------------
 Earnings
  per share    193.84      215.38          --        --      197.42
 ---------------------------------------------------------------------

2. Reasons for the revision

As we began to see positive effects of our company-wide effort to make progresses in the ongoing WPR(tm) initiatives, our profitability on a consolidated basis improved during the fiscal first quarter ended June 30, 2009. Net sales for this fiscal first quarter were generally in line with our prior estimates primarily as a result of our efforts to develop new products, markets and customers based on the four key concepts of lower energy consumption, environmental friendliness, lighter, thinner, shorter and smaller products, and lower prices. We were able to achieve higher profit margins than expected primarily due to our profitability improvement measures.

Based on the foregoing and other factors, we have revised the previously announced forecasts of our consolidated results of operations for the six months ending September 30, 2009 and the fiscal year ending March 31, 2010.

 * WPR was named by Shigenobu Nagamori of NIDEC CORPORATION based
   on his unique business management method in 2008.
   WPR(tm) is a trademark of NIDEC CORPORATION in Japan.
   WPR (c) Shigenobu Nagamori NIDEC CORPORATION 2008

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

Disclaimer Regarding Forward-looking Statements

This press release material contains forward-looking statements including expectations, judgement, plans, and strategies. The forward-looking statements are based on management's assumptions and belief in light of the information currently available. Certain risks, uncertainties and other factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such factors include, but are not limited to: fluctuation of currency exchange rates, overall supply and customer demand in the motor industry, product development and production capabilities, performance of affiliated companies, and other risks and uncertainties. Nidec undertakes no obligation to update forward-looking statements to reflect events or circumstances that occur after the date the statements are made.

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