DGAP-News: Nidec Revises Upward Year-End Dividend Forecast

(firmenpresse) - Nidec Corporation

25.01.2011 07:41
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KYOTO, Japan, 2011-01-25 07:40 CET (GLOBE NEWSWIRE) --Nidec Corporation (the 'Company') (NYSE:NJ) today announced that the Company's
Board of Directors at its meeting held today has revised upward its year-end
dividend forecast for the year ending March 31, 2011 as follows:


Annual Dividend
First Second Third Fourth Full year
Quarter-end Quarter-end Quarter-en Quarter-en
d d
Previous Forecast - - - 40 80
(as of April 26,
2010)
Revised Forecast - - - 45 85
Dividend Paid - 40 - - -
(for the year
ending
March 31, 2011)
Dividend Paid - 25 - 40 65
(for the year ended
March 31, 2010)
Under 'Vision 2015,' the Company is now driving a major strategic transition to
a new growth-oriented business framework. In the meantime, the Company seeks to
distribute its profits to shareholders through regular dividend payments and


continues to aim at increasing the payout ratio to 30% subject to improvements
in its consolidated net income. In line with the stated dividend policy and in
consideration of its current financial conditions, the Company now revises
upward its year-end dividend forecast for the year ending March 31, 2011 from
40 yen per share to 45 yen per share. Together with the interim dividend of 40
yen per share already paid, the full-year dividend for the year ending March
31, 2011 will be 85 yen per share.

The Nidec Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1734


CONTACT: Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@jp.nidec.com
News Source: NASDAQ OMX



25.01.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Nidec Corporation


Japan
Phone:
Fax:
E-mail:
Internet:
ISIN: JP3734800000
WKN:

End of Announcement DGAP News-Service

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Bereitgestellt von Benutzer: EquityStory
Datum: 25.01.2011 - 07:41 Uhr
Sprache: Deutsch
News-ID 334636
Anzahl Zeichen: 3920

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Kategorie:

Wirtschaft (allg.)

Diese Pressemitteilung wurde bisher 269 mal aufgerufen.

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