OREANDA-NEWS. 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