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Nidec Completes Acquisition Of Emerson Electric Co.'s Motors & Controls Business And Announces Outline Of Its New Subsidiaries

Outline of NIDEC MOTOR CORPORATION

NIDEC MOTOR CORPORATION, our new subsidiary in the U.S., is expected to play a central role in the control and management of the Acquired Business.

1)  Directors and Officers

Chairman of the Board of Directors: Shigenobu Nagamori (Representative Director, President  and Chief Executive Officer of Nidec)
Director: Motoyoshi Hanaoka (Vice President of Nidec)
Director, President and Chief Executive Officer: Patrick K. Murphy
Executive Vice President, Chief Financial Officer and Treasurer Elizabeth Miller
Executive Vice President, General Counsel and Secretary Mark D. Becker

2)  Address

     8050 West Florissant Avenue, St. Loius, MO 63136 U.SA.

3)  Establishment Date

     August 26, 2010

Outline of NIDEC MOTOR HOLDINGS CORPORATION

1) Directors and Auditor

Chairman and Representative Director: Shigenobu Nagamori (Representative Director, President and Chief Executive Officer of Nidec)
Director and President: Patrick K. Murphy (Director, President and Chief Executive Officer of NIDEC MOTOR CORPORATION)
Director: Masuo Yoshimatsu (Member of the Board, Senior Vice President and Chief Financial Officer of Nidec)
Director: Motoyoshi Hanaoka (Vice President of Nidec)
Auditor: Tadaaki Hamada (Member of the Board, First Senior Vice President of Nidec)

2) Address

    338 Kuze Tonoshirocho, Minami-ku, Kyoto City, Kyoto, Japan

3) Establishment Date

    October 1, 2010

2.  Future Operation Policy and Investment Plan

With respect to our home appliance motor business, in January 2010, we acquired Sole Motors (currently, Nidec Sole Motor Corporation S.R.L.) and have strived to strengthen the home appliance motor business in Europe. In the future, we intend to realize to the fullest the effect of synergy with the Acquired Business (in development, production and sales), which has strengths in North America. We also intend to respond to a wide variety of customer needs in small to large motors by adding to our current product portfolio the Acquired Business's large industrial motors and medium-sized central air conditioning motors. In addition, we intend to apply high level motion control technologies of the Acquired Business to the development of next generation products such as motors for electric vehicles, and seek further growth in our automobile motor business.

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