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Nidec Announces Annual Dividend Payout From Retained Earnings

KYOTO, Japan, May 27, 2015 (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, 2015 to distribute retained earnings (date of record: March 31, 2015) in the form of an annual dividend as outlined below:

Determined
amount
Previous annual
dividends forecast
(Announced on
January 22, 2015)
(Reference)
Annual dividends
for the fiscal year ended
March 31, 2014
Record date March 31, 2015 March 31, 2015 March 31, 2014
Dividend per share 40 yen 40 yen 55 yen
Total dividend amount 11,764 million yen -- 7,585 million yen
Effective date June 3, 2015 -- June 3, 2014
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 40 yen per share. This translates into an annual dividend of 70 yen per share together with the interim dividend of 30 yen per share for the year ended March 31, 2015.

Dividend per share
Record Date Interim Year-end Full-year
Annual dividends per share for the year ended March 31, 2015 30 yen 40 yen 70 yen
(Reference) Annual dividends per share for the year ended March 31, 2014 45 yen 55 yen 100 yen

Note: Nidec Corporation implemented a two-for-one split of its common stocks as of April 1, 2014. The dividend amounts for the previous fiscal year ended March 31, 2014 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