FOR IMMEDIATE RELEASE

 Nidec Corporation
 Tokyo Stock Exchange code: 6594
Contact:
              Masahiro Nagayasu
  General Manager
  Investor Relations
  +81-75-935-6140
  ir@nidec.com

Released on May 24, 2019 in Kyoto, Japan
 

Nidec Announces Annual Dividend Payout from Retained Earnings


Nidec Corporation (TSE: 6594; OTC: NJDCY) (the “Company” or “Nidec”) today announced that the Company resolved at a meeting of its Board of Directors held on May 24, 2019 to distribute retained earnings (date of record: March 31, 2019) in the form of an annual dividend as outlined below: 

 





Determined
amount


Previous annual
 dividends forecast
 (Announced on
April 23, 2019)

(Reference)
Annual dividends 
 for the fiscal year ended 
March 31, 2018

Record date
March 31, 2019
  March 31, 2019  
March 31, 2018
Dividend per share
55 yen
55 yen
50 yen
    Total dividend amount  
   16,191 million yen   
-
14,798 million yen
Effective date
June 3, 2019
-
June 4, 2018
Dividend resource
Retained earnings
-
Retained earnings



The Company upholds shareholder-oriented management and places importance on regular dividend payments, seeking to increase its dividend payout to around 30% of the consolidated net profit. Based on this dividend policy and in comprehensive consideration of its financial position, profit levels and current dividend payout ratio, the Company has decided to reward its shareholders with a year-end dividend of 55 yen per share. This translates into an annual dividend of 105 yen per share together with the interim dividend of 50 yen per share for the year ended March 31, 2019.

  Dividend per share
Record Date
Interim
Year-end
Full-year
 Annual dividends per share for
 the year ended March 31, 2019  
         50 yen        

         55 yen         

        105 yen        
    
(Reference)
 Annual dividends per share for
 the year ended March 31, 2018 
 45 yen 


50 yen
 

95 yen