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Nidec Announces Annual Dividend Payout From Retained Earnings

Nidec Corporation

KYOTO, Japan, May 27, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced that the Company resolved at a meeting of its Board of Directors held on May 27, 2014 to distribute retained earnings (date of record: March 31, 2014) in the form of an annual dividend as outlined below:

Determined
amount
Previous annual
dividends forecast
(Announced on
April 22, 2014)
(Reference)
Annual dividends
for the fiscal year ended
March 31, 2013
Record date March 31, 2014 March 31, 2014 March 31, 2013
Dividend per share 55 yen 55 yen 40 yen
Total dividend amount 7,585 million yen -- 5,387 million yen
Effective date June 3, 2014 -- June 5, 2013
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. 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 100 yen per share together with the interim dividend of 45 yen per share for the year ended March 31, 2014.

Dividend per share
Record Date Interim Year-end Full-year
Annual dividends per share for 45 yen 55 yen 100 yen
the year ended March 31, 2014
(Reference) 45 yen 40 yen 85 yen
Annual dividends per share for
the year ended March 31, 2013

Note: Nidec Corporation implemented a two-for-one split of its common stocks as of April 1, 2014. The dividend amounts do not reflect the effect of the stock split.

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

Source:Nidec Corporation