Nidec Announces Differences Between Projected and Actual Financial Results for First-Half FY2009 and Raises Full-Year FY2009 Guidance

Nidec Corporation (the "Company") (NYSE:NJ) today announced differences between its financial forecast for the six months ended September 30, 2009 (announced on July 24, 2009) and the actual financial results released today. In this connection, the Company has also revised its financial forecast for the fiscal year ending March 31, 2010.

The details are as follows.

1. Differences between Projected and Actual Financial Results for Six Months Ended 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 ended
                                September  30,  2009
                          ----------------------------------
                                                                For
                                                              the six
                          Forecast                             months
                          (as of                               ended
                          July 24,          Change   Change  Sept. 30,
                           2009)   Actual  (amount)   (%)      2008
 ---------------------------------------------------------------------

 Net sales                250,000  268,743   18,743      7.5  363,276
 ---------------------------------------------------------------------
 Operating income          20,000   28,321    8,321     41.6   40,778
 ---------------------------------------------------------------------
 Income from continuing
  operations before
  income taxes             18,000   22,474    4,474     24.9   43,379
 ---------------------------------------------------------------------
 Net income
  (attributable to the
  Company)                 12,000   13,788    1,788     14.9   27,840
 ---------------------------------------------------------------------
 Earnings per share
  (attributable to the
  Company)                  86.15    98.99       --       --   192.06
 ---------------------------------------------------------------------

2. Revised Consolidated Financial Forecasts (U.S. GAAP) for the Year Ending March 31, 2010

 From April 1, 2009 to March 31, 2010 (Millions of yen, except per
  share amounts and percentages)
 --------------------------------------------------------------------
                          For the year ending March 31, 2010
                          ----------------------------------
                                                              For the
                          Previous                            year
                          forecast                            ended
                         (July 24, Revised  Change   Change   March 31,
                          2009)    Forecast (amount) (%)      2009
 --------------------------------------------------------------------
 Net sales                550,000  570,000   20,000      3.6  610,803
 --------------------------------------------------------------------
 Operating income          50,000   58,000    8,000     16.0   52,015
 --------------------------------------------------------------------
 Income before Income
  Tax                      47,000   55,000    8,000     17.0   47,270
 --------------------------------------------------------------------
 Net income                30,000   35,000    5,000     16.7   28,353
 --------------------------------------------------------------------
 Earnings per share        215.38   251.27       --       --   197.42
 --------------------------------------------------------------------

3. Factors behind the Differences between Projected and Actual Six Months Results and Reasons for Revising Full-year Forecast

The Company's sales and profits increased beyond the previous expectations during the six months ended September 30, 2009, reflecting a fast-paced recovery in sales from the main operations ("small precision motors" and "electronic and optical components") and a tangible progress in the continuing profitability reform project (WPR(tm)). Consolidated operating margin substantially improved to 12.4% in the second quarter (July-September quarter) from 11.8% in the same period of the previous year.

The Company now expects higher full-year sales and profits and has revised upward its financial forecast for the year ending March 2010 in a manner that reflects the stated progress during the first six months of fiscal 2009.

 Notes:

 (1) The provided financial forecast assumes an exchange rate of
     90 yen against the U.S. dollar for the second half of fiscal
     2009.

 (2) In accordance with ASC205-20 "Presentation of Financial
     Statements-Discontinued Operations" (formerly SFAS No.144
     "Accounting for the Impairment or Disposal of Long-lived
     Assets"), part of the prior-period statements have been
     retrospectively restated to reflect the reclassification
     of discontinued operations.

 (3) The Company adopted ASC 810 "Consolidation" (formerly SFAS
     No. 160, "Non-controlling Interests in Consolidated Financial
     Statements - an amendment of ARB No. 51") as of April 1, 2009.
     Accordingly, the line of item previously titled "Net income"
     has been renamed "Net income attributable to Nidec Corporation.

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.

 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

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Nidec Corporation

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

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