Nidec Provides Update on Share Repurchase

Nidec Corporation

(the "Company") today announced the status of the Company's own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 24, 2013, pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act of Japan. Details are as follows: Details of Share Repurchase 　 1. Period of own share repurchase: From March 1, 2013 through March 31, 2013 2. Class of shares: Common stock 3. Number of own shares repurchased: 121,400 shares 4. Total repurchase amount: 657,102,000 yen 5. Method of repurchase: Repurchased on the Osaka Securities Exchange through a trust established for this purpose.   Note: The above repurchase information has been prepared on the basis of execution date. Reference A) The following details were resolved by the Company's Board of Directors on January 24, 2013: 1. Class of shares: Common stock 2. Total number of shares to be repurchased: Up to 3,000,000 shares　 (2.21% of total number of shares issued, excluding treasury stock) 3. Total repurchase amount: Up to 20 billion yen 4. Period of repurchase: From January 25, 2013 through January 24, 2014 B) The accumulative number of own shares repurchased until March 31, 2013, pursuant to the Board of Directors resolution