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: 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
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 26, 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 26, 2007, in Kyoto, Japan
Nidec Announces New Consolidated Subsidiaries
in connection with Acquisition of Brilliant Mfg. Limited
Nidec Corporation ("Nidec", NYSE:NJ) announced today that it completed all transactions relating to the acquisition of Brilliant Manufacturing Limited (“BML”) on February 23, 2007 by acquiring 87% of the outstanding shares of BML common stock for approximately 170 million Singapore dollars. As a result, BML and its ten subsidiaries have been included in Nidec’s scope of consolidation.
The acquisition of BML is aligned with Nidec’s aim to expand in-house manufacturing capability for HDD motor parts and related precision parts, including base plates. Nidec expects that BML’s competitive manufacturing expertise ranging from die casting, machining, pressing to electroplating will significantly strengthen Nidec’s core competence in the HDD motor production.
The details of the newly consolidated companies are as follows.
1. Outline of new subsidiaries
BRILLIANT MANUFACTURING LIMITED (“BML”):
Operations management, Singapore (87 % owned by Nidec)
BMS TECHNOLOGY PTE. LTD.(“BMST”)
Hard-disk-drive top cover manufacturing, Singapore (90% owned by BML)
BG CASTING PTE. LTD.:
Hard-disk-drive base plate die casting, Singapore (100% owned by BML)
LEGEND PRECISION PTE. LTD.:
Hard-disk-drive mold building, Singapore (80% owned by BML)
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PT BRILLIANT PRECISION BATAM:
Hard-disk-drive base plate manufacturing, Indonesia (100% owned by BML)
PT PACIFIC COATINGS BATAM:
Hard-disk-drive base plate coating, Indonesia (60% owned by BML)
BRILLIANT MANUFACTURING (THAILAND) CO., LTD.
Hard-disk-drive base plate manufacturing, Thailand (100% owned by BML)
BRILLIANT PRECISION (THAILAND) CO., LTD.
Hard-disk-drive base plate manufacturing, Thailand (100% owned by BML)
BRILLIANT MANUFACTURING (SUZHOU) CO., LTD.
Hard-disk-drive base plate manufacturing, China (100% owned by BML)
BRILLIANT TECHNOLOGY (SUZHOU) CO., LTD.
Hard-disk-drive base plate manufacturing, China (100% owned by BML)
BMS TECHNOLOGY (SUZHOU) CO., LTD.
Hard-disk-drive top cover manufacturing, China (100% owned by BMST)
2. BML directors
1) Directors
Managing Director: | Mr. Yasuo Hamaguchi (Senior Managing Director of Nidec) |
Non-executive Director: | Mr. Hiroshi Kobe (Representative Director and Executive Vice President of Nidec) |
Non-executive Director: | Mr. Juntaro Fujii (Executive Vice President of Nidec) |
Non-executive Director: | Mr. Seizaburo Kawaguchi (Managing Director of Nidec) |
2) Independent Directors
Chairman of the Board: | Mr. Chng Hee Kok* |
Director: | Mr. Hew Koon Chan** |
* Mr. Chng, age 58, was appointed as Chairman of the Board of BML on 21 January 2006 and holds concurrent appointments as director in several other companies in Singapore, including Pacific Century Regional Development Ltd, People's Food Holdings Ltd, Auston International Group Ltd, CHT (Holdings) Ltd, Full Apex (Holdings) Ltd, Samudera Shipping Line Ltd and Sunray Holdings Ltd. Mr. Chng holds a Degree in Engineering (Mechanical) and a Master of Business. | |
**Mr. Hew, age 45 was appointed as an Independent Non-executive Director of BML on 9 May 2006. He has extensive experience in private equity investments in South East Asia. Currently, Mr. Hew is the Managing Director of Integer Capital Pte. Ltd,, a business advisory firm. He is also an Independent Non-executive Director of Action Asia Ltd, a mainboard SGX company. Mr. Hew holds a Bachelor degree in Engineering (Mechanical) and a Diploma in Accounting and Finance. |
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3. Capital
89 million Singapore dollars
4. BML address
21 Ubi Road 1 Singapore 408724
5. Number of employees
Approximately 2,950 on an eleven-company combined basis
6. Brand names and company logos
BML and its subsidiaries will retain their respective brand names and company logos
7. Anticipated impact on the Nidec’s fiscal results for the year ending March 31, 2007
Nidec expects that the acquisition will have a negligible impact on its financial results for the year ending March 31, 2007.
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