Nidec Raises Year-End Dividend Projection for the Year Ending March 31, 2022

Rhea-AI Summary

On January 26, 2022, Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced an upward revision of its year-end dividend projection for the fiscal year ending March 31, 2022. The revised annual dividend is now set at 65.00 yen per share, up from the previous projection of 60.00 yen. This reflects Nidec's commitment to shareholder-oriented management and aims for a dividend payout ratio of approximately 30% of consolidated net profit. The revised dividend for the fourth quarter is projected at 35.00 yen per share.

Positive

• Upward revision of annual dividend to 65.00 yen per share.
• Fourth-quarter dividend projection increased to 35.00 yen.

Negative

• None.

KYOTO, Japan, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced upward revision to its year-end dividend projection for the year ending March 31, 2022, previously announced on October 26, 2021.

The details are as follows:

Dividends per share (yen) for the year ending March 31, 2022

	Annual Dividends Per Share
	First Quarter-end	Second Quarter-end	Third Quarter-end	Fourth Quarter-end	Full Year
Previous projection (as of October 26, 2021)	-	30.00	-	30.00	60.00
Revised projection	-	-	-	35.00	65.00
Divided paid for the year ending March 31, 2022	-	30.00	-	-	-
<Reference> Dividend paid for the year ended March 31, 2021	-	30.00	-	30.00	60.00

Reasons for the revision for dividend projection

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 policy and in view of the current financial condition, profit level, and dividend payout ratio, the Company decided to revise upward its year-end dividend projection for the year ending March 31, 2022 from 30.00 yen per share to 35.00 yen per share, making the projected aggregate annual dividend 65.00 yen per share.

Cautionary Statement Concerning Forward-Looking Information
This press release contains forward-looking statements including expectations, estimates, projections, plans, and strategies. Such forward-looking statements are based on management’s assumptions and beliefs in light of the information currently available. Certain risks, uncertainties and other factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such risks and uncertainties include, but are not limited to, changes in customer circumstances and demand, exchange rate fluctuations, and the Nidec Group’s ability to design, develop, mass produce and win acceptance of its products and to acquire and successfully integrate companies with complementary technologies and product lines. Please see other disclosure documents filed or published by the Nidec Group companies, including the Japanese security report, for additional information regarding such risks and uncertainties. Nidec undertakes no obligation to update the forward-looking statements unless required by law.

Contact:
	Masahiro Nagayasu
	General Manager
	Investor Relations
	+81-75-935-6140
	ir@nidec.com

FAQ

What is the new dividend projection for Nidec Corporation in 2022?

Nidec Corporation has revised its annual dividend projection to 65.00 yen per share for the year ending March 31, 2022.

When is the dividend payment date for NJDCY?

The specific payment date for the revised dividend of Nidec Corporation has not been disclosed in the press release.

What was the previous dividend projection for Nidec Corporation?

The previous dividend projection for Nidec Corporation was 60.00 yen per share.

How does Nidec Corporation's dividend payout ratio compare?

Nidec aims for a dividend payout ratio of around 30% of consolidated net profit.