Hi Carol,
The Nikko Blue is a Hydrangea macrophylla (aka bigleaf hydrangea's) and new blooms develop on old wood as you suggested.
Bigleaf type hydrangea set their flower buds at the ends of the upright or lateral branches, during late summer to early fall. Pruning Bigleaf hydrangea in the spring or even late fall, after the buds have been set, will remove the flower buds and any chance of getting flowers that season.
Bigleaf hydrangea should be pruned as soon as the flowers have faded. You should begin to see new growth coming in from the base of the plant. To keep the plant vigorous, selectively prune out the dead and weaker stems, both old and new. Don’t prune out all the old wood, since this is what will keep flowering as the new growth matures.
Hope this helps!