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TheStreet Open House

Nidec Announces Annual Dividend Payout From Retained Earnings

KYOTO, Japan, May 27, 2014 (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, 2014 to distribute retained earnings (date of record: March 31, 2014) in the form of an annual dividend as outlined below:

 
  Determined amount   Previous annual dividends forecast (Announced on April 22, 2014) (Reference)    Annual dividends for the fiscal year ended   March 31, 2013 
       
Record date March 31, 2014  March 31, 2014  March 31, 2013 
Dividend per share 55 yen 55 yen  40 yen
Total dividend amount 7,585 million yen -- 5,387 million yen
Effective date June 3, 2014 -- June 5, 2013 
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 55 yen per share. This translates into an annual dividend of 100 yen per share together with the interim dividend of 45 yen per share for the year ended March 31, 2014.

 
  Dividend per share
Record Date Interim Year-end Full-year
Annual dividends per share for 45 yen 55 yen 100 yen
 the year ended March 31, 2014      
(Reference) 45 yen 40 yen 85 yen
Annual dividends per share for      
the year ended March 31, 2013       

Note: Nidec Corporation implemented a two-for-one split of its common stocks as of April 1, 2014. The dividend amounts do not reflect the effect of the stock split.

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

Nidec Corporation

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