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Nidec Revises Consolidated Financial Forecasts For The Year Ending March 31, 2013 Downward

However, we have not revised our dividend target for the fiscal year ending March 31, 2013, which remains at JPY95 per share.

Notes:

(1) The exchange rates used for the preparation of the foregoing forecasts are US$1=JPY78 and €1=JPY95. The exchange rates between the relevant Asian currencies and the Japanese yen used for the preparation of the foregoing forecasts have been determined assuming these U.S. dollar-Japanese yen and the Euro-Japanese yen exchange rates.

(2) "Net income attributable to Nidec Corporation per share—basic" reflects the share exchange transaction between Nidec Corporation and Nidec Sankyo Corporation on October 1, 2012 to make Nidec Sankyo a wholly owned subsidiary, in which transaction 3,175,315 shares in the aggregate of treasury stock of Nidec Corporation were allocated to Nidec Sankyo shareholders.

Disclaimer Regarding Forward-looking Statements

This press release contains forward-looking statements including expectations, judgement, plans, and strategies, associated with Nidec Group's business activities. 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, and other risks and uncertainties.

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

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

Nidec Corporation

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