Nidec: FY09 Financial Results

Nidec Corp. announced results for its fiscal year ended March 31, 2010.

Unit shipments and sales of spindle motors for HDDs for FY09 increased approximately 32% and 12%, respectively, compared to the previous fiscal year. The average unit price of spindle motors for HDDs on a Japanese yen basis and on a U.S. dollar basis for this fiscal year decreased 15% and 8%, respectively, compared to the previous fiscal year. Customer demand for spindle motors for HDDs significantly increased during this fiscal year compared to the previous fiscal year, with unit shipments of spindle motors for 2.5-inch and 3.5-inch HDDs increasing approximately 41% and 27%, respectively. Demand for spindle motors for 2.5-inch HDDs has continued to increase significantly since the beginning of this fiscal year.

                                                   HDD Motor Shipments

                                   HDD Motors: Mid/Long-Term Outlook