KYOTO, Japan, May 24, 2024–(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) for the fiscal year ended |
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 | 35 yen | 40 yen | 75 yen |
(Reference) | 35 yen | 35 yen | 70 yen |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240523653658/en/
Contacts
Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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