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Nidec Announces Annual Dividend Payout from Retained Earnings

KYOTO, Japan, May 28, 2018 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTC:NJDCY) (the “Company” or “Nidec”) today announced that the Company resolved at a meeting of its Board of Directors held on May 28, 2018 to distribute retained earnings (date of record: March 31, 2018) in the form of an annual dividend as outlined below:

  Determined
amount
Previous annual
dividends forecast
(Announced on
October 24, 2017)
(Reference)
 Annual dividends
for the fiscal year ended
March 31, 2017
Record date March 31, 2018 March 31, 2018 March 31, 2017
Dividend per share 50 yen 50 yen 45 yen
Total dividend amount 14,798 million yen - 13,347 million yen
Effective date June 4, 2018 - June 1, 2017
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 profit. 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 50 yen per share. This translates into an annual dividend of 95 yen per share together with the interim dividend of 45 yen per share for the year ended March 31, 2018.

  Dividend per share
Record Date Interim Year-end Full-year
Annual dividends per share for the year ended March 31, 2018 45 yen 50 yen 95 yen
(Reference)
Annual dividends per share for the year ended March 31, 2017
40 yen 45 yen 85 yen

Contact:

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

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