Nidec to Establish New Wholly Owned Subsidiary

• Press Release
• Source: Nidec Corporation
• On 10:40 pm EDT, Friday September 4, 2009

KYOTO, Japan, Sept. 4, 2009 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ - News) (the "Company") today announced that it has resolved at a meeting of its Board of Directors held on September 5, 2009 to establish a wholly owned holding company, named Nidec Techno Motor Holdings Corporation ("NTMC").

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1. Objectives of Establishing NTMC

NTMC will coordinate and oversee the Company's mid- and small-sized electric motor businesses with a primary focus on synergetic enhancement in sales and procurement activities. In line with this objective, two of the Company's existing wholly-owned subsidiaries, Nidec Shibaura Corporation and Nidec Power Motor Corporation, will start operating under NTMC.

2. Outline of NTMC

 (1) Company Name:             Nidec Techno Motor Holdings Corporation
 (2) Representative Director:  Toshihiro Kimura (to be appointed)
 (3) Location:                 338 Kuze-Tonoshiro-cho, Minami-ku,
                               Kyoto, Japan
 (4) Date of Establishment:    September 25, 2009 (Tentative)
 (5) Line of Business:         Coordination and support in the
                               development and sales of subsidiary
                               products; central purchasing of
                               manufacturing materials
 (6) Paid-in Capital:          2.5 billion yen
 (7) Ownership:                100% owned by the Company
 (8) Number of Employees:      110 (Approx.)

3. Effect on Financial Performance

The establishment of NTMC will not have a significant impact on the Company's financial performance for the current fiscal year.

4. Outline of Subsidiaries to Operate under NTMC

 (1) Nidec Shibaura Corporation
     Representative Director:     Toshihiro Kimura
     Line of Business:            Development, manufacture and sale
                                  of mid- and small-sized
                                  electric motors for home
                                  appliances and housing equipment
     Location:                    Obama-city, Fukui, Japan
     Paid-in Capital:             2.0 billion yen

 (2) Nidec Power Motor Corporation
     Representative Director:     Toshihiro Kimura
     Line of Business:            Development, manufacture and sale of
                                  mid- and small-sized electric motors
                                  for industrial equipment
     Location:                    Iizuka-city, Fukuoka, Japan
     Paid-in Capital:             2.0 billion yen

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