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 26, 2023 to distribute retained earnings (date of record: March 31, 2023) in the form of an annual dividend as outlined below:

In our policy on profit distribution, 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 35 yen per share. This translates into an annual dividend of 70 yen per share together with the interim dividend of 35 yen per share for the year ended March 31, 2023.

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