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, 2017 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, 2017 to distribute retained earnings (date of record: March 31, 2017) in the form of an annual dividend as outlined below:

 





Determined
amount


Previous annual
   dividends forecast   
(Announced on
October 24, 2016)

 (Reference)
Annual dividends
   for the fiscal year ended   
March 31, 2016

Record date
March 31, 2017
March 31, 2017
March 31, 2016
Dividend per share
45 yen
45 yen
40 yen
    Total dividend amount    
   13,347 million yen   
-
11,864 million yen
Effective date
June 1, 2017
-
June 2, 2016
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 45 yen per share. This translates into an annual dividend of 85 yen per share together with the interim dividend of 40 yen per share for the year ended March 31, 2017. 

  Dividend per share
Record Date

Interim

Year-end

Full-year

Annual dividends per share for
        the year ended March 31, 2017       

          40 yen          


          45 yen          


          85 yen          
    

(Reference)
Annual dividends per share for
the year ended March 31, 2016
 
40 yen


40 yen
 
 
80 yen