FORM 6-K
U.S.SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Commission File Number: 1-15238
Supplement For the month of October 2006.
Total number of pages: 3
The exhibit index is located on page 1
NIDEC CORPORATION
(Translation of registrant’s name into English)
338 KuzeTonoshiro-Cho,
Minami-Ku,Kyoto 601-8205 Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:
Form 20-F X Form 40-F __
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes __ No X
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_____
Information furnished on this form:
EXHIBITS
Exhibit Number
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 27, 2006 | ||||
NIDEC CORPORATION | ||||
By: /S/ Hiroshi Toriba | ||||
Senior General Manager, Investor Relations |
2
FOR IMMEDIATE RELEASE
NIDEC CORPORATION
New York Stock Exchange symbol: NJ
Stock exchange code (Tokyo, Osaka): 6594
Contact: | |
Hiroshi Toriba | |
Senior General Manager | |
Investor Relations | |
+81-75-935-6140 | |
HIROSHI_TORIBA@notes.nidec.co.jp |
Released on October 27, 2006, in Kyoto, Japan
Nidec Revises Interim and Year-end Dividend Forecasts Upward
Nidec Corporation (the “Company”) resolved at a meeting of its Board of Directors today to revise upward its interim and year-end dividend forecasts for the year ending March 31, 2007.
Reasons for revision
The Company, in consideration of the shareholders’ long-term patronage, has decided to raise its target payout ratio from 10% to 15% of its consolidated net income. In this connection, the Company has announced to revise both interim and year-end dividend forecasts for the year ending March 31, 2007 from 17.50 yen per share to 20 yen per share.
The details are as follows:
Details of revision
Yen per share | |||
Revised dividend forecast for the year ending March 31, 2007 | Previous dividend forecast for the year ending March 31, 2007 (as of April 25, 2006) | Dividends paid for the year ended March 31, 2006 | |
Interim | ¥20.00 | ¥17.50 | ¥12.50* |
Year-end | ¥20.00 | ¥17.50 | ¥20.00 |
Annual | ¥40.00 | ¥35.00 | ¥32.50* |
* A two-for-one stock split for the Company’s shareholders of record as of September 30, 2005 took effect in November 2005. For convenience of reference, the interim and year-end dividend per share for the year ended March 31, 2006 have been restated to retroactively reflect the effect of the stock split.
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