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 2008.
Total number of pages: 4
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 23, 2008 | ||||
NIDEC CORPORATION | ||||
By: /S/ Masahiro Nagayasu | ||||
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: | |
Masahiro Nagayasu | |
General Manager | |
Investor Relations | |
+81-75-935-6140 | |
ir@jp.nidec.com |
Released on April 23, 2008, in Kyoto, Japan
Nidec Revises Upward Year-end Dividend
Nidec Corporation (the “Company”) announces that its Board of Directors, at a meeting held today, has resolved on the following scheduled year-end cash dividends as of the date of record on March 31, 2008. The proposed dividends will be finalized after the financial statements for the fiscal year ended March 31, 2008 are audited and approved by the Board of Directors on May 26, 2008.
1. Dividend Details
Scheduled Dividend | Previous forecast (As of Feb. 1, 2008) | Dividend Paid Fiscal Year Ended March 31, 2007 | |
Date of Record | March 31, 2008 | March 31, 2008 | March 31, 2007 |
Dividend Per Share | 30 yen | 25 yen | 25 yen |
Total Amount of Dividends(*) | 4,348 million yen | - | 3,618 million yen |
Effective Date | June 10, 2008 | - | June 8, 2007 |
Source of Dividends | Retained Earnings | - | Retained Earnings |
(*)Total Amount of Dividends represented by millions of yen has been rounded to the nearest million yen.
2. Reasons for revision
The Company stands by a stable dividend policy and seeks to increase dividends in the way that reasonably reflects the Company’s earnings conditions. In line with this policy,the Company announced on October 27, 2006 to raise its target payout ratio from 10% to 15% of its consolidated net income.
Based on our consolidated results for the year ended March 31, 2008 announced today, the Company has decided to revise year-end dividend for the year ended March 31, 2008 from 25 yen per share to 30 yen per share. This results in an annual dividend of 55 yen per share, an increase of 10 yen per share from the year-ago level and payout ratio of 19.4%.
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3. Reference:
Dividend Per Share | |||
Date of Record | Interim | Year-end | Annual |
Fiscal year Ended March 31, 2008 | 25 yen | 30 yen | 55 yen |
Previous year Ended March 31, 2007 | 20 yen | 25 yen | 45 yen |
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