KYOTO, Japan, May 24, 2017 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTC:NJDCY) (the “Company” or “Nidec”) today announced that the Company resolved at a meeting of its Board of Directors held on May 24, 2017 to distribute retained earnings (date of record: March 31, 2017) in the form of an annual dividend as outlined below:
| Determined amount | Previous annual dividends forecast (Announced on October 24, 2016) | (Reference) Annual dividends for the fiscal year ended March 31, 2016 | |
| Record date | March 31, 2017 | March 31, 2017 | March 31, 2016 |
| Dividend per share | 45 yen | 45 yen | 40 yen |
| Total dividend amount | 13,347 million yen | - | 11,864 million yen |
| Effective date | June 1, 2017 | - | June 2, 2016 |
| 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 profit. 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 45 yen per share. This translates into an annual dividend of 85 yen per share together with the interim dividend of 40 yen per share for the year ended March 31, 2017.
| Dividend per share | |||
| Record Date | Interim | Year-end | Full-year |
| Annual dividends per share for the year ended March 31, 2017 | 40 yen | 45 yen | 85 yen |
| (Reference) Annual dividends per share for the year ended March 31, 2016 | 40 yen | 40 yen | 80 yen |