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 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: October 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 October 26, 2007, in Kyoto, Japan
Five of Nidec’s Listed Subsidiaries Revise Financial Forecasts Upward
for the Year Ending March 31, 2008
Nidec Corporation (NYSE: NJ) today announced that five of its listed subsidiaries have revised upward their consolidated financial forecasts for the year ending March 31, 2008 as follows.
Revised consolidated financial forecasts (Japanese GAAP) for the year ending March 31, 2008.
1. Nidec Sankyo Corporation (First Section of the Tokyo Stock Exchange, Code: 7757)
(From April 1, 2007 to March 31, 2008) | (Yen in millions, %) | |||||
For the year ending March 31, 2008 | For the year ended March 31, 2007 | |||||
Previous forecast (April 25, 2007) | Revised Forecast | Change (amount) | Change (percent) | |||
Net sales | 105,000 | 107,000 | 2,000 | 1.9% | 112,628 | |
Operating income | 8,000 | 9,000 | 1,000 | 12.5% | 9,439 | |
Recurring income | 8,000 | 9,000 | 1,000 | 12.5% | 10,019 | |
Net income | 6,000 | 6,500 | 500 | 8.3% | 10,287 |
2. Nidec Copal Corporation (First Section of the Tokyo Stock Exchange, Code: 7756)
(From April 1, 2007 to March 31, 2008) | (Yen in millions, % ) | ||||||
For the year ending March 31, 2008 | For the year ended March 31, 2007 | ||||||
Previous forecast (April 25, 2007) | Revised Forecast | Change (amount) | Change (percent) | ||||
Net sales | 86,000 | 87,000 | 1,000 | 1.2% | 84,012 | ||
Operating income | 6,500 | 7,000 | 500 | 7.7% | 5,827 | ||
Recurring income | 6,600 | 7,200 | 600 | 9.1% | 6,076 | ||
Net income | 4,000 | 4,800 | 800 | 20.0% | 4,304 | ||
Earnings per share | 63.63 | 76.36 | 12.73 | 20.0% | 68.48 |
-Continued on next page-
3. Nidec Tosok Corporation (First Section of the Tokyo Stock Exchange, Code: 7728)
(From April 1, 2007 to March 31, 2008) | (Yen in millions, % ) | ||||||
For the year ending March 31, 2008 | For the year ended March 31, 2007 | ||||||
Previous forecast (April 25, 2007) | Revised Forecast | Change (amount) | Change (percent) | ||||
Net sales | 22,500 | 24,000 | 1,500 | 6.7% | 23,430 | ||
Operating income | 1,800 | 2,100 | 300 | 16.7% | 1,809 | ||
Recurring income | 1,800 | 2,100 | 300 | 16.7% | 1,953 | ||
Net income | 950 | 1,150 | 200 | 21.1% | 1,182 | ||
Earnings per share | 49.37 | 59.77 | 10.40 | 21.1% | 61.48 |
4. Japan Servo Co., Ltd. (Second Section of Tokyo Stock Exchange, Code: 6585)
(From April 1, 2007 to March 31, 2008) | (Yen in millions, % ) | |||||
For the year ending March 31, 2008 | For the year ended March 31, 2007 | |||||
Previous forecast (July 27, 2007) | Revised Forecast | Change (amount) | Change (percent) | |||
Net sales | 31,000 | 32,000 | 1,000 | 3.2% | 32,177 | |
Operating income | 0 | 1,000 | 1,000 | - | (560) | |
Recurring income | 0 | 900 | 900 | - | (764) | |
Net income | 0 | 850 | 850 | - | (1,451) |
5. Nidec-Read Corporation (Second Section of the Osaka Stock Exchange, Code: 6833)
(From April 1, 2007 to March 31, 2008) | (Yen in millions, % ) | |||||
For the year ending March 31, 2008 | For the year ended March 31, 2007 | |||||
Previous forecast (April 25, 2007) | Revised Forecast | Change (amount) | Change (percent) | |||
Net sales | 8,300 | 8,800 | 500 | 6.0% | 7,716 | |
Operating income | 1,650 | 1,750 | 100 | 6.1% | 1,549 | |
Recurring income | 1,630 | 1,750 | 120 | 7.4% | 1,566 | |
Net income | 1,000 | 1,050 | 50 | 5.0% | 938 |
Disclaimer Regarding Forward-Looking Statements
This press release contains forward-looking statements (within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934) about Nidec and its group companies (the Nidec Group). These forward-looking statements are based on the current expectations, assumptions, estimates and projections of the Nidec Group in light of the information currently available to them. Known and unknown risks, uncertainties and other factors could cause the actual results to differ materially from those contained in any forward-looking statement.
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