Nidec Announces Annual Dividend Payout from Retained Earnings

Published

KYOTO, Japan--(BUSINESS WIRE)-- 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 24, 2024 to distribute retained earnings (date of record: March 31, 2024) in the form of an annual dividend as outlined below:

 

Determined

amount 

Previous annual

dividends forecast

(Announced on

April 23, 2024)

(Reference) Annual dividends

for the fiscal year ended March 31, 2023

Record date

March 31, 2024

March 31, 2024

March 31, 2023

Dividend per share

40 yen

40 yen

35 yen

Total dividend amount

23,003 million yen

-

20,133 million yen

Effective date

June 3, 2024

-

June 1, 2023

Dividend resource

Retained earnings

-

Retained earnings

In our policy on profit distribution as well, 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 40 yen per share. This translates into an annual dividend of 75 yen per share together with the interim dividend of 35 yen per share for the year ended March 31, 2024.

 

Dividend per share

Record Date

Interim

Year-end

Total

Annual dividends per share for the year ended March 31, 2024

35 yen

40 yen

75 yen

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

35 yen

35 yen

70 yen

 

Teruaki Urago General Manager Investor Relations +81-75-935-6140 ir@nidec.com

Source: Nidec Corporation

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