Nidec to Establish New Wholly Owned Subsidiary

6 September 2009 1,487 views No Comment

KYOTO, Japan, Sept. 4, 2009 (GLOBE NEWSWIRE) — Nidec Corporation (NYSE:NJ) (the
“Company”) today announced that it has resolved at a meeting of its Board of
Directors held on September 5, 2009 to establish a wholly owned holding company,
named Nidec Techno Motor Holdings Corporation (“NTMC”).

1. Objectives of Establishing NTMC

NTMC will coordinate and oversee the Company’s mid- and small-sized electric
motor businesses with a primary focus on synergetic enhancement in sales and
procurement activities. In line with this objective, two of the Company’s
existing wholly-owned subsidiaries, Nidec Shibaura Corporation and Nidec Power
Motor Corporation, will start operating under NTMC.

2. Outline of NTMC

(1) Company Name:             Nidec Techno Motor Holdings Corporation
(2) Representative Director: Toshihiro Kimura (to be appointed)
(3) Location:                 338 Kuze-Tonoshiro-cho, Minami-ku,
Kyoto, Japan
(4) Date of Establishment:    September 25, 2009 (Tentative)
(5) Line of Business:         Coordination and support in the
development and sales of subsidiary
products; central purchasing of
manufacturing materials
(6) Paid-in Capital:          2.5 billion yen
(7) Ownership:                100% owned by the Company
(8) Number of Employees:      110 (Approx.)
3. Effect on Financial Performance

The establishment of NTMC will not have a significant impact on the Company’s
financial performance for the current fiscal year.

4. Outline of Subsidiaries to Operate under NTMC

(1) Nidec Shibaura Corporation
Representative Director:     Toshihiro Kimura
Line of Business:            Development, manufacture and sale
of mid- and small-sized
electric motors for home
appliances and housing equipment
Location:                    Obama-city, Fukui, Japan
Paid-in Capital:             2.0 billion yen

(2) Nidec Power Motor Corporation
Representative Director:     Toshihiro Kimura
Line of Business:            Development, manufacture and sale of
mid- and small-sized electric motors
for industrial equipment
Location:                    Iizuka-city, Fukuoka, Japan
Paid-in Capital:             2.0 billion yen
The Nidec Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1734

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CONTACT: Nidec Corporation
Investor Relations
Masahiro Nagayasu, General Manager
+81-75-935-6140
ir@jp.nidec.com