Nidec Announces Annual Dividend Payout from Retained Earnings
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
Contacts
Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
