Nidec Announces Financial Results for Fiscal Year Ended March 31, 2009

 | Source: Nidec Corporation Nidec Corporation 

KYOTO, Japan, April 24, 2009 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
today announced its financial results under U.S. GAAP for the period of April
1, 2008 to March 31, 2009. 

The following are the highlights: 

 *  Net sales:                       Down 15.8% Y/Y
 *  Operating income:                Down 33.2% Y/Y
 *  Income from continuing
    operations before income tax:    Down 26.8% Y/Y
 *  Net income:                      Down 31.1% Y/Y
 *  Diluted EPS:                     194.12 yen

 Note: In accordance with the SFAS No.144, the optical pickup business
       has been reclassified as discontinued operations. Relevant
       prior-period statements have been retrospectively restated to
       reflect this reclassification.

 Consolidated Financial Results
                                        Japanese yen (millions except
                                             per share amounts)
                                        -----------------------------
                                           Year ended     Year ended
                                            March 31,      March 31,
                                        -----------------------------
                                             2009            2008
                                        -----------------------------
 Net sales                                  613,458         728,756
   Y/Y change %                               (15.8%)          18.6%
 Operating income                            51,806          77,542
   Y/Y change %                               (33.2%)          17.6%
 Income from continuing operations before
  income taxes                               47,029          64,255
   Y/Y change %                               (26.8%)          (5.0%)
 Net income from continuing operations       30,740          41,879
   Y/Y change %                               (26.6%)            --
   *Loss on discontinued operations          (2,387)           (723)
 Net income                                  28,353          41,156
   Y/Y change %                               (31.1%)           3.1%
 Net income per share, primary               197.42          284.00
 Net income per share, diluted               194.12          276.29
 -----------------------------

Full copy of Nidec's earnings release:
http://www.nidec.co.jp/english/ir/lib/indexdata2/2009/Q4_3.pdf 

A conference call webcast (listen only, user-control slides attached)
discussing Nidec's FY2008 results is scheduled for 09:00 a.m. EDT (14:00 p.m.
GMT) on Monday, April 27, 2009. To listen to the webcast, please visit Nidec
website at: http://www.nidec.co.jp/english/ir/information/FY08Q4 

About Nidec Corporation 

Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in motor
drive technology. For the year ended March 31, 2009, small precision motors and
mid-size motors represented 63.8% of Nidec's sales mix; electronic and 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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