Notice Concerning a Share Exchange Agreement to Make Nidec Sankyo Corporation a Wholly Owned Subsidiary of Nidec Corporation

Nidec Corporation NJ and Nidec Sankyo Corporation announced today that, at their respective board meetings held today, Nidec and Nidec Sankyo have decided to enter into a share exchange transaction to make Nidec Sankyo a wholly owned subsidiary of Nidec, and that the two companies have signed a Share Exchange Agreement, as described below. The Share Exchange is expected to become effective on October 1, 2012 (the "Share Exchange Effective Date"), subject to approval by Nidec Sankyo's shareholders at an ordinary general meeting scheduled to be held on June 18, 2012. Nidec intends to use a simplified share exchange procedure in accordance with Article 796, Paragraph 3, of the Company Act, without obtaining the approval of its shareholders for the Share Exchange. Nidec Sankyo's stock is expected to be delisted from the Tokyo Stock Exchange prior to the Share Exchange Effective Date, and the delisting is currently expected to take effect on September 26, 2012 (the last trading date being September 25, 2012).