Nidec Announces Financial Results for Six Months Ended September 30,2008

KYOTO, Japan, Oct. 27, 2008 (GLOBE NEWSWIRE) -- Nidec Corporation
(NYSE:NJ) today announced its financial results under U.S. GAAP for
the period of April 1, 2008 to September 30, 2008.
 
The following are the highlights:
 
 * Record 1H Sales & Operating Income
 * Double-digit Y/Y Operating Income Growth in All Business Segments
 * Net Income up 37% Y/Y to Record High
 * Interim Dividend: 30 yen per Share (up 5 yen)
 * Diluted EPS: 186.56 yen
 
Consolidated Financial Results
                                     Japanese yen (millions except
                                          per share amounts)
                                --------------------------------------
                                   Six months ended       Year ended
                                     September 30,         March 31,
                                --------------------------------------
                                  2008          2007          2008
                                --------------------------------------
 Net sales                      371,658       362,701       742,126
   Y/Y Change (%)                   2.5%         21.0%         17.9%
 Operating income                40,218        34,076        76,833
   Y/Y Change (%)                  18.0%          6.3%         20.0%
 Income before income taxes      43,057        31,506        62,683
   Y/Y Change (%)                  36.7%         (3.5)%        (4.4%)
 Net income                      27,840        20,357        41,156
   Y/Y Change (%)                  36.8%         (2.0)%         3.1%
 Net income per share, primary   192.06        140.50        284.00
 Net income per share, diluted   186.56        136.66        276.29
 -----------------------------
 
Full copy of Nidec's earnings release:
http://www.nidec.co.jp/english/ir/lib/indexdata2/2009/Q2_3.pdf
 
A conference call webcast (listen only) discussing Nidec's 1H FY2008
results is scheduled for 09:00 a.m. EDT (13:00 p.m. GMT) on Tuesday,
October 28, 2008. To listen to the webcast, please visit Nidec
website at: http://www.nidec.co.jp/english/ir/information/FY08Q2
 
About Nidec Corporation
 
Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in
motor drive technology, with 130,000 employees and 140 group
companies worldwide. As of September 30, 2008, small precision Motors
and mid-size motors represented 63.9% of Nidec's total sales;
electronic/optical components, machinery and other products comprised
the remainder. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu
Nagamori, its current President and CEO.
 
The Nidec Corporation logo is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=1734
 
CONTACT:  Nidec Corporation
          Investor Relations
          Masahiro Nagayasu, General Manager
          +81-75-935-6140
          ir@jp.nidec.com
 
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