Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
KYOTO, Japan, May 24, 2017 -- 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 |
Contact: Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 [email protected]
