Microsoft Word - Nidec Board Authorizes Share Repurchase Plan.doc FOR IMMEDIATE RELEASE

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

Nidec Corporation New York Stock Exchange symbol: NJ Tokyo Stock Exchange code: 6594

Released on January 22, 2015, in Kyoto, Japan

Nidec Board Authorizes Share Repurchase Plan (Repurchases of Shares Pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan)

Nidec Corporation (NYSE: NJ) (the "Company") announced today that its Board of Directors has authorized a new share repurchase plan at a meeting held on January 22, 2015, whereby the Company may repurchase up to 4 million shares in accordance with the Articles of Incorporation pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

Reason for Share Repurchase

This authorization is intended to enable agile capital management highly responsive to the changing business environment.

Details of Authorized Share Repurchase Plan

1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 4,000,000 shares
(1.42% of total number of shares issued, excluding treasury stock)
3. Total repurchase amount: Up to 24 billion yen
4. Period of repurchase: From January 27, 2015 through January 26, 2016

Reference

Total number of shares issued and outstanding and shares held in treasury as of January 22, 2015:

• Total number of shares issued (excluding shares held in treasury): 281,675,897 shares

• Shares held in treasury: 8,474,263 shares

Cautionary Statement Concerning Forward-Looking Information

This press release contains forward-looking statements regarding the Company's current intent, plans, expectations and estimates. 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, available funds, future alternative uses for cash, future competing

investment opportunities, and general economic, business and market conditions. The Company assumes no obligation to, and does not currently intend to, update these forward-looking statements, except as required by law.

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NIDEC CORPORATION

CORPORATE OFFICE: 338 TONOSHIRO-CHO, KUZE, MINAMI-KU, KYOTO 601-8205 JAPAN

PHONE: KYOTO +81-75-935-6140 FAX: +81-75-935-6141

URL: http://www.nidec.com/en-Global/

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