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 April 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: April 25, 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 April 25, 2007, in Kyoto, Japan
Nidec Copal Revises Financial Forecasts Upward
for the Year Ended March 31, 2007
Nidec Corporation today announced that Nidec Copal Corporation (“the Company”), one of its consolidated subsidiaries whose shares are listed on the First Section of the Tokyo Stock Exchange (Code: 7756), has revised upward its consolidated financial forecasts for the year ended March 31, 2007 as follows.
Revised consolidated financial forecasts (Japanese GAAP) for the year ended March 31, 2007.
(From April 1, 2006 to March 31, 2007) | (Yen in millions, % ) | |||||
For the year ended March 31, 2007 | For the year ended March 31, 2006 | |||||
Previous forecast (Oct. 27, 2006) | Revised Forecast | Change (amount) | Change (percent) | |||
Net sales | 75,000 | 84,012 | 9,012 | 12.0% | 63,094 | |
Operating income | 5,600 | 5,827 | 227 | 4.1% | 5,006 | |
Recurring income | 5,700 | 6,076 | 376 | 6.6% | 5,355 | |
Net income | 3,300 | 4,304 | 1,004 | 30.4% | 2,660 |
Reasons for revision
Sales of the Company’s camera shutters and exterior metal parts (particularly for use in single-lens-reflex digital cameras) and cellular phone shutter-lens units increased at a pace higher than previously anticipated, reflecting the continued briskness in the digital camera and cellular phone markets. New lines of liquid-crystal-display backlights brought to market in the fiscal year also contributed to the sales increase. Increased gain on securities sold together with better sales led to a significant increase in net income.
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