CORRECTING: Nidec Announces a Two-for-One Stock Split


KYOTO, Japan, Aug. 2, 2005 (PRIMEZONE) -- Nidec (NYSE:NJ) (Toyko:6594) issued corrections today to its press release titled "Nidec Announces a Two-for-One Stock Split" dated July 28, 2005.

The adjusted exercise price for the 2nd Unsecured Convertible Bond and the Yen Denominated Convertible Bonds are 3,399.50 and 6,914.40, respectively. Also, the issue date for the Yen Denominated Convertible Bonds has been changed to correctly state October 17, 2003 (rather than 2005).



 Revised table:
                                                                (Yen)
 ---------------------------------------------------------------------
                                                Adjusted    Previous
                                Issue Date      (Exercise   (Exercise
                                                  Prices)     Prices)
 ---------------------------------------------------------------------
 The 2nd Unsecured Convertible
 Bond                           January 28, 1999  3,399.50   6,798.90
 ---------------------------------------------------------------------
 Stock Acquisition Rights       May 14, 2003      3,675.00   7,350.00
 ---------------------------------------------------------------------
 Yen Denominated Bonds with
  Stock Acquisition Rights due
  October 17, 2008              October 17, 2003  6,914.40   13,828.70
 ---------------------------------------------------------------------

 Previous table:

                                                                (Yen)
 ---------------------------------------------------------------------
                                                  Adjusted   Previous
                                                  (Exercise  (Exercise
                                Issue Date         Prices)     Prices)
 ---------------------------------------------------------------------
 The 2nd Unsecured Convertible
  Bond                          January 28, 1999  3,399.45    6,798.90
 ---------------------------------------------------------------------
 Stock Acquisition Rights       May 14, 2003      3,675.00    7,350.00
 ---------------------------------------------------------------------
 Yen Denominated Convertible
  Bonds with Stock Acquisition
  Rights due October 17, 2008   October 17, 2005  6,914.35   13,828.70
 ---------------------------------------------------------------------

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