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Nidec Announces Interim Dividend Payout From Retained Earnings

Nidec Corporation

KYOTO, Japan, Oct. 22, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced that the Company resolved at a meeting of its Board of Directors held on October 22, 2013 to distribute retained earnings (date of record: September 30, 2013) in the form of an interim dividend as outlined below:


Determined
amount

Previous interim
dividend forecast
(Announced on
April 23, 2013)
(Reference)
Interim dividends
for the six months
ended
September 30, 2012
Record date
September 30, 2013
September 30, 2013
September 30, 2012
Dividend per share
45 yen
40 yen
45 yen
Total dividend amount
6,038 million yen
--
5,967 million yen
Effective date
December 2, 2013
--
December 3, 2012
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 income.

The Company's sales and operating income for the six months ended September 30, 2013 exceeded its financial guidance announced on July 23, 2013. Given the positive steps forward, the Company seeks to reward its shareholders with an interim dividend of 45 yen per share, an increase of 5 yen per share from the amount previously announced. Together with the projected year-end dividend remaining unchanged at 45 yen per share, the Company now expects to pay an annual dividend of 90 yen per share for the year ending March 31, 2014.

CONTACT: Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 ir@nidec.com

Source:Nidec Corporation