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 December 2006.
Total number of pages: 5
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
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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: December 28, 2006 | ||||
NIDEC CORPORATION | ||||
By: /S/ Hiroshi Toriba | ||||
Senior General Manager, Investor Relations |
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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 December 28, 2006, in Kyoto, Japan
Nidec Completes the Acquisition of Valeo’s Motors & Actuators Business
And Announces its New Subsidiaries
Nidec Corporation (“Nidec”) announced today that it completed the acquisition of the Motors & Actuators business of Valeo S.A., France, on December 27, 2006, for approximately 142 million euros (22 billion yen).
As a result, Nidec has included six additional companies in its scope of subsidiaries.
The details are as follows.
1. Outline of New Subsidiaries
(1) Company names
- The umbrella administration company in France:NIDEC MOTORS & ACTUATORS
- The company in Germany: NIDEC MOTORS & ACTUATORS (GERMANY)
- The company in Poland:NIDEC MOTORS & ACTUATORS (POLAND)
- The company in Spain:NIDEC MOTORS & ACTUATORS (SPAIN)
- The company in the U.S.A.:NIDEC MOTORS & ACTUATORS (USA)
- The company in Mexico:NIDEC MOTORS & ACTUATORS (MEXICO)
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(2) Capital configuration
NIDEC MOTORS & ACTUATORS (“NMA”) in France will become a wholly-owned subsidiary of Nidec and own all shares of NMA (Germany), NMA (Poland), NMA (Spain) and NMA (USA). NMA (Mexico) will become NMA (USA)’s subsidiary.
(3) NMA executives
Director and Chairman: | Mr. Kenji Sawamura (Executive Vice President of Nidec) |
Director and President: | Mr. Jean-Jacques Giambi |
Director and CFO: | Mr. Stephane Bourhis |
Director: | Mr. Shigenobu Nagamori (President and CEO of Nidec) |
Director: | Mr. Shin Akutagawa (President of Nidec Electronics GmbH) |
(4) NMA address
2, rue Andre Boulle BP 150-94017 Creteil Cedex, France
(5) Number of employees
Approximately 1,700 on a six-company combined basis
(6) Brand name
For the next 12 months, all NMA products will be sold under the brand name “Nidec-Valeo.” (See Appendix for the logo image)
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2. Operation Policy and Investment Plan
While strengthening NMA’s competitive positions in its key European and North American markets, Nidec intends to expand NMA’s market reach to Japan and other Asian countries. In the meantime, Nidec plans phased investments in NMA’s manufacturing bases to increase their production capacity, with an expansion of the NMA (Poland) factory under consideration. Nidec starts working on a technical synergy between its brushless motors and NMA’s brush motors in the manner that meets a variety of customer needs and changing technological requirements.
3. Effect on Nidec’s Business Performance for Year Ending March 31, 2007
Nidec expects NMA to deliver sales contribution of approximately 10 billion yen and breakeven operating profit performance for the year ending March 31, 2007.
Appendix
NMA logo: |
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