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 February 2007.
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: February 1, 2007 | ||||
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 February 1, 2007, in Kyoto, Japan
Nidec Sankyo Revises Financial Forecasts Downward
for the Year Ending March 31, 2007
Nidec Corporation announced today that Nidec Sankyo Corporation (the “Company”), one of its consolidated subsidiaries whose shares are listed on the First Section of the Tokyo Stock Exchange (Code:7757), has revised downward its consolidated financial forecasts for the year ending March 31, 2007 as follows.
1. Revised consolidated financial forecasts (Japanese GAAP) for the year ending March 31, 2007.
(From April 1, 2006 to March 31, 2007) | (Yen in millions) | |||||
For the year ending March 31, 2007 | For the year ended March 31, 2006 | |||||
Previous forecast (April 25, 2006) | Revised Forecast | Change (amount) | Change (percent) | |||
Net sales | 125,000 | 110,000 | 15,000 | 12.0% | 121,994 | |
Operating income | 13,000 | 9,000 | 4,000 | 30.8% | 12,151 | |
Recurring income | 12,500 | 10,000 | 2,500 | 20.0% | 14,901 | |
Net income | 10,000 | 9,000 | 1,000 | 10.0% | 12,672 |
2. Reasons for revision
The Company lowered its fiscal 2006 sales and earnings forecasts for reasons including postponed delivery of LCD transfer robots at the customers’ request, a sharp decline in demand for motors used in audio and video devices, and a significant cost increase associated with the launch of new products including lenses and actuators.
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