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Nidec Announces Annual Dividend Payout from Retained Earnings

KYOTO, Japan, May 25, 2016 (GLOBE NEWSWIRE) -- Nidec Corporation (OTC:NJDCY) (TSE:6594) (the “Company” or “Nidec”) today announced that the Company resolved at a meeting of its Board of Directors held on May 25, 2016 to distribute retained earnings (date of record: March 31, 2016) in the form of an annual dividend as outlined below:

Determined
amount
Previous annual
dividends forecast
(Announced on
April 22, 2015)
(Reference)
Annual dividends
for the fiscal year ended
March 31, 2015
Record dateMarch 31, 2016March 31, 2016March 31, 2015
Dividend per share40 yen40 yen40 yen
Total dividend amount11,864 million yen-11,764 million yen
Effective dateJune 2, 2016-June 3, 2015
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 80 yen per share together with the interim dividend of 40 yen per share for the year ended March 31, 2016.

Dividend per share
Record DateInterimYear-endFull-year
Annual dividends per share for the year ended March 31, 201640 yen40 yen80 yen
(Reference) Annual dividends per share for the year ended March 31, 201530 yen40 yen70 yen

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

Source:Nidec Corporation