FOR IMMEDIATE RELEASE

Nidec Corporation
New York Stock Exchange symbol: NJ
Stock exchange code (Tokyo, Osaka): 6594

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

Released on December 6, 2011, in Kyoto, Japan

Nidec Announces Business Combination between Consolidated Subsidiaries

Nidec Corporation (NYSE: NJ, "Nidec") today announced that the Board of Directors of two of its consolidated subsidiaries, Nidec-Shimpo Corporation ("Shimpo") and Nidec-Kyori Corporation ("Kyori"), resolved today to merge the two companies, with the transaction expected to become effective on April 1, 2012.

The following summarizes the planned corporate merger transaction between the two subsidiaries (the "Business Combination").

1. Purpose of the Business Combination

The Business Combination is intended to improve Nidec's consolidated profitability by integrating the functions and management resources of Shimpo and Kyori (incorporated into Shimpo as a wholly owned subsidiary in July 2011) as part of efforts to achieve Nidec's "Vision 2015" goal of creating a group of companies that eyes sales of ¥2 trillion in the fiscal year ending March 31, 2016.

Outline of the Business Combination

Pre-Merger Post-Merger
Nidec Nidec
| |
Shimpo Shimpo
|
Kyori

2. Description of the Business Combination

(1) Schedule
December 6, 2011 Board Approval (Shimpo and Kyori)
December 6, 2011 Execution of Business Combination Agreement (Shimpo and Kyori)
April 1, 2012 (Planned) Effective Date of the Business Combination
(Note) As the proposed Business Combination is a small-scale merger for Shimpo in accordance with Article 796, Paragraph 3, of the Companies Act of Japan, and is a short form merger for Kyori in accordance with Article 784, Paragraph 1, of the same Act, neither company will hold a shareholders' meeting to approve of the transaction.
(2) Method of the Business Combination
The Business Combination is expected to be an absorption-type merger transaction (kyushu gappei) by which Kyori will be dissolved and absorbed into Shimpo.
(3) Shares Issued in Connection with the Business Combination
No stocks, money, etc. will be issued in connection with the Business Combination.
(4) Changes to Stock Acquisition Rights and Bonds with Stock Acquisition Rights of Kyori
Kyori issues neither stock acquisition rights nor bonds with stock acquisition rights.

3. Profiles of the Parties to the Business Combination

  Shimpo Kyori
(1) Company name Nidec-Shimpo Corporation Nidec-Kyori Corporation
(2) Description of business Development, manufacture, and sales of adjustable speed drives & speed adjusters, factory automation systems, arts & craft equipment, and electronic instruments and related equipment Designing, manufacture, and sales of high-speed automatic presses, feed attachments, and other industrial machinery
(3) Date of incorporation October 31, 1946 July 18, 1947
(4) Address of head office 1, Terada, Kotari Nagaokakyo, Kyoto 617-0833 1-7-1, Tsukinowa Otsu, Shiga 520-2152
(5) Company representative Akio Kariya
President
Kunio Shigetomi
President
(6) Share capital 2,593 million yen 450 million yen
(7) Total number of shares issued 20,000,516 7,000,000
(8) Fiscal year end March 31 March 31
(9) Major shareholders and shareholding ratios Nidec Corporation: 100% Nidec-Shimpo Corporation: 100%
(10) Financial results for, and financial condition as of, the most recent fiscal year Fiscal year ended March 31, 2011
(Consolidated, in millions of yen)
Fiscal year ended March 31, 2011
(Consolidated, in millions of yen)
Net assets (Millions of Yen) 13,194 3,334
Total assets (Millions of Yen) 21,158 7,036
Net assets per share (Yen) 659.69 476.31
Net sales (Millions of Yen) 14,166 7,353
Operating income (Millions of Yen) 2,180 13
Net income (Millions of Yen) 1,721 129
Net income per share (Yen) 86.08 18.55
Annual dividend per share (Yen) 0 0

4. Changes Immediately Following the Business Combination

No changes are expected with respect to the registered corporate name, principal businesses, registered head office, representative's name and title, capital, or fiscal year of Shimpo immediately following the Business Combination.

5. Expected Impact on Financial Results

The Business Combination, which will take place between Nidec's consolidated subsidiaries, is not expected to have a material impact on Nidec's consolidated results of operations.

Cautionary Statement Concerning Forward-Looking Information

This press release contains forward-looking statements regarding the intent, belief, strategy, plans or current expectations of Nidec or other parties. Such forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Actual results may differ materially from those described in such forward-looking statements as a result of various factors, including, but not limited to, the anticipated benefits of the planned transactions not being realized, shifts in technology or user preferences for particular technologies, and changes in economic, regulatory or other business environments. Nidec does not undertake any obligation to update the forward-looking statements contained herein, nor to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.