Nidec : Announces Annual Dividend Payout from Retained Earnings
May 25, 2016 at 03:21 am EDT
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FOR IMMEDIATE RELEASE
Nidec Corporation
Tokyo Stock Exchange code: 6594
Contact: Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Released on May 25, 2016 in Kyoto, Japan
Nidec Announces Annual Dividend Payout from Retained Earnings
Nidec Corporation (OTC: NJDCY; TSE: 6594) (the 'Company' or 'Nidec') today announced that the Company resolved at a meeting of its Board of Directors held on May 25, 2016 to distribute retained earnings (date of record: March 31, 2016) in the form of an annual dividend as outlined below:
Determined
amount
Previous annual
dividends forecast
(Announced on
April 22, 2015)
(Reference)
Annual dividends
for the fiscal year ended
March 31, 2015
Record date
March 31, 2016
March 31, 2016
March 31, 2015
Dividend per share
40 yen
40 yen
40 yen
Total dividend amount
11,864 million yen
-
11,764 million yen
Effective date
June 2, 2016
-
June 3, 2015
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 40 yen per share. This translates into an annual dividend of 80 yen per share together with the interim dividend of 40 yen per share for the year ended March 31, 2016.
Dividend per share
Record Date
Interim
Year-end
Full-year
Annual dividends per share for
the year ended March 31, 2016
40 yen
40 yen
80 yen
(Reference)
Annual dividends per share for
the year ended March 31, 2015
30 yen
40 yen
70 yen
Nidec Corporation published this content on 25 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 May 2016 07:20:03 UTC.
Original documenthttp://www.nidec.com/en-Global/ir/news/2016/news0525-01/
Public permalinkhttp://www.publicnow.com/view/367A6357A06E4B3465DCF527C6A77F28FAFB1006
Nidec Corporation specializes in the development, manufacturing and marketing of small precision motors and automotive and appliance components. Net sales break down by family of products as follows:
- appliances, air-conditioning and industrial equipment motors (40.5%);
- small precision motors (21.9%): pin motors for hard drives, fan motors, vibrating motors, brush motors and motor applications, etc. ;
- automotive components (21.3%);
- machines (12.1%): industrial robots, card readers, test systems, presses and power transmission drives, etc. ;
- electronic and optical components (3.9%): switches, trimmer potentiometers, lens units and camera shutters, etc. ;
- other (0.3%).
The net sales are distributed geographically as follows: Japan (17.8%), China (26.7%), the United States (21.6%), Germany (6.1%), Italy (5.5%), Thailand (5.2%) and other (17.1%).