Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today announced that the Company resolved at a meeting of its Board of Directors held on May 26, 2023 to distribute retained earnings (date of record: March 31, 2023) in the form of an annual dividend as outlined below:

 

Determined amount

Previous annual dividends forecast (Announced on April 24, 2023)

(Reference) Annual dividends for the fiscal year ended March 31, 2022

Record date

March 31, 2023

March 31, 2023

March 31, 2022

Dividend per share

35 yen

35 yen

35 yen

Total dividend amount

20,133 million yen

-

20,326 million yen

Effective date

June 1, 2023

-

June 1, 2022

Dividend resource

Retained earnings

-

Retained earnings

In our policy on profit distribution, the Company upholds shareholder-oriented management and places importance on stable 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 dividend payout ratio, the Company has decided to reward its shareholders with a year-end dividend of 35 yen per share. This translates into an annual dividend of 70 yen per share together with the interim dividend of 35 yen per share for the year ended March 31, 2023.

 

Dividend per share

Record Date

Interim

Year-end

Total

Annual dividends per share for the year ended March 31, 2023

35 yen

35 yen

70 yen

(Reference) Annual dividends per share for the year ended March 31, 2022

30 yen

35 yen

65 yen

 

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