Nidec Announces Financial Results for Three Months Ended June 30,2008

KYOTO, Japan, July 29, 2008 (PRIME NEWSWIRE) -- Nidec Corporation
(NYSE:NJ) today announced its financial results under U.S. GAAP for
the period of April 1, 2008 to June 30, 2008.
 
The following are the highlights:
 
 * Net Sales:          Up 4% Y/Y, despite a 13% Y/Y yen appreciation.
 * Operating Income:   Up 20% Y/Y, marking double-digit growth in all
                        operating segments.
 * Income before Tax:  Up 38% Y/Y. Record high, including FX Gain of
                        5.2B yen.
 * Net Income:         Up 36% Y/Y. Record high.
 * Diluted EPS: 101.27 yen
 
Consolidated Financial Results
 
                                               Japanese yen
                                   (millions except per share amounts)
                                     -------------------------------
                                      Three months ended   Year ended
                                           June 30,         March 31,
                                     -------------------------------
                                      2008        2007        2008
                                     -------------------------------
 Net sales                           178,402     172,174     742,126
   Percent change from the previous
    period                               3.6%       18.1%       17.9%
 Operating income                     18,131      15,106      76,833
   Percent change from the previous
    period                              20.0%        0.5%       20.0%
 Income before income taxes and
  minority interests                  23,253      16,831      62,683
   Percent change from the previous
    period                              38.2%       20.0%      (4.4%)
 Net income                           15,109      11,116      41,156
   Percent change from the previous
    period                              35.9%       25.6%        3.1%
 Net income per share, primary        104.24       76.75      284.00
 Net income per share, diluted        101.27       74.63      276.29
 -------------------------------------
 
Full copy of Nidec's earnings release:
http://www.nidec.co.jp/english/ir/indexdata_e/2008/0729_3.pdf
 
A conference call webcast (listen only) discussing Nidec's Q1FY2008
results is scheduled for 09:00 a.m. EDT (14:00 p.m. BST) on Tuesday,
July 29, 2008. To listen to the webcast, please visit Nidec website
at: http://www.nidec.co.jp/english/ir/information/FY08Q1
 
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 June 30, 2008, small precision Motors and
mid-size motors represented 63.5% 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.primenewswire.com/newsroom/prs/?pkgid=1734
 
CONTACT:  Nidec Corporation
          Investor Relations
          Masahiro Nagayasu, General Manager
          +81-75-935-6140
          ir@jp.nidec.com