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: 333-13896
Supplement For the month of April 2010.
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 26, 2010 | ||||
NIDEC CORPORATION | ||||
By: /S/ Masahiro Nagayasu | ||||
General Manager, Investor Relations |
2
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 26, 2010 in Kyoto, Japan
Nidec Announces Differences between Projected and Actual Financial Results for Fiscal Year Ended March 31, 2010
Nidec Corporation (the “Company”)(NYSE: NJ) today announced differences between its financial forecast for the year ended March 31, 2010 (announced on January 28, 2010) and the actual financial results released today.
The details are as follows.
1. Differences between Projected and Actual Financial Results for Fiscal Year Ended March 31, 2010 (U.S. GAAP)
From April 1, 2009 to March 31, 2010 (Millions of yen, except per share amounts and percentages) | |||||
For the year ended March 31, 2010 | For the year ended March 31, 2009 | ||||
Forecast (as of January 28, 2010) | Actual | Change (amount) | Change (%) | ||
Net sales | 570,000 | 587,459 | 17,459 | 3.1 | 610,803 |
Operating income | 67,000 | 78,342 | 11,342 | 16.9 | 52,015 |
Income from continuing operations before income taxes | 63,000 | 75,002 | 12,002 | 19.1 | 47,270 |
Net income (attributable to the Company) | 40,000 | 51,961 | 11,961 | 29.9 | 28,353 |
Earnings per share (attributable to the Company) | 287.17 | 373.04 | - | - | 197.42 |
2. Factors behind the Differences between Projected and Actual Full-year Financial Results
The Company marked record quarterly profits in the fiscal fourth quarter (January-March 2010), reflecting a tangible progress in its profitability reform project (WPR™). As a result, the Company’s profits for the fiscal year ended March 31, 2010 significantly exceeded the previous earnings guidance announced on January 28, 2010.
3
Notes:
(1) In accordance with FASB ASC205-20 “Presentation of Financial Statements-Discontinued
Operations,” part of the prior-period statements have been retrospectively restated to reflect the reclassification of discontinued operations.
(2) The Company adopted ASC 810 “Consolidation” as of April 1, 2009. Accordingly, the line of item previously titled “Net income” has been renamed “Net income attributable to Nidec Corporation.
WPR was named by Shigenobu Nagamori of NIDEC CORPORATION based on his unique business management method in 2008. WPR™ is a trademark of NIDEC CORPORATION in Japan. WPR© Shigenobu Nagamori NIDEC CORPORATION 2008 |
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