Nidec Corporation Provides Dividend Guidance for the Second Quarter Ending September 2021 and Year Ending March 31, 2022
July 21, 2021 at 12:36 pm EDT
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Nidec Corporation provided dividend guidance for the second quarter ending September 2021 and year ending March 31, 2022. For the second quarter ending September 2021, the company expects a dividend of ¥30.00 per share against ¥30.00 per share paid a year ago.
For the year ending March 31, 2022, the company expects a dividend of ¥30.00 per share against ¥30.00 per share paid a year ago.
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%).