Teruaki Urago
General Manager
Investor Relations

Released on May 24, 2024, in Kyoto, Japan

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced that the Company resolved at a meeting of its Board of Directors held on May 24, 2024 to distribute retained earnings (date of record: March 31, 2024) in the form of an annual dividend as outlined below:

Previous annual
dividends forecast
(Announced on
April 23, 2024)
Annual dividends
for the fiscal year ended
March 31, 2023
Record date March 31, 2024 March 31, 2024 March 31, 2023
Dividend per share 40 yen 40 yen 35 yen
Total dividend amount 23,003 million yen 20,133 million yen
Effective date June 3, 2024 June 1, 2023
Dividend resource Retained earnings  Retained earnings


In our policy on profit distribution as well, the Company upholds shareholder-oriented management and places importance on stable 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 dividend payout ratio, the Company has decided to reward its shareholders with a year-end dividend of 40 yen per share. This translates into an annual dividend of 75 yen per share together with the interim dividend of 35 yen per share for the year ended March 31, 2024.

Dividend per share
Record Date  Interim Year-end Total
Annual dividends per share for
the year ended March 31, 2024
35 yen
40 yen 75 yen
Annual dividends per share for
the year ended March 31, 2023
35 yen 35 yen 70 yen