KYOTO, Japan, Jan. 25, 2011 (GLOBE NEWSWIRE) -- Nidec Corporation (the "Company") (NYSE:NJ) today announced that the Company's Board of Directors at its meeting held today has revised upward its year-end dividend forecast for the year ending March 31, 2011 as follows:
|First Quarter-end||Second Quarter-end||Third Quarter-end||Fourth Quarter-end||Full year|
|Previous Forecast (as of April 26, 2010)||-||-||-||40||80|
|Dividend Paid (for the year ending March 31, 2011)||-||40||-||-||-|
|Dividend Paid (for the year ended March 31, 2010)||-||25||-||40||65|
Under "Vision 2015," the Company is now driving a major strategic transition to a new growth-oriented business framework. In the meantime, the Company seeks to distribute its profits to shareholders through regular dividend payments and continues to aim at increasing the payout ratio to 30% subject to improvements in its consolidated net income. In line with the stated dividend policy and in consideration of its current financial conditions, the Company now revises upward its year-end dividend forecast for the year ending March 31, 2011 from 40 yen per share to 45 yen per share. Together with the interim dividend of 40 yen per share already paid, the full-year dividend for the year ending March 31, 2011 will be 85 yen per share.