UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the month of October 2013.
Commission File Number: 333-13896
NIDEC CORPORATION
(Translation of registrant's name into English)
338 KuzeTonoshiro-Cho,
Minami-Ku,Kyoto 601-8205 Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:
Form 20-F X Form 40-F __
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _
EXHIBITS
Exhibit Number
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 22, 2013 | ||||
NIDEC CORPORATION | ||||
By: /S/ Masahiro Nagayasu | ||||
General Manager, Investor Relations |
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FOR IMMEDIATE RELEASE
NIDEC CORPORATION
New York Stock Exchange symbol: NJ
Stock exchange code (Tokyo, Osaka): 6594
Contact: | |
Masahiro Nagayasu | |
General Manager | |
Investor Relations | |
+81-75-935-6140 | |
IR@nidec.com |
Released on October 22, 2013 in Kyoto, Japan
Nidec Announces Interim Dividend Payout from Retained Earnings
Nidec Corporation (NYSE: NJ)(the “Company”) today announced that the Company resolved at a meeting of its Board of Directors held on October 22, 2013 to distribute retained earnings (date of record: September 30, 2013) in the form of an interim dividend as outlined below:
Determined amount | Previous interim dividend forecast (Announced on April 23, 2013) | (Reference) Interim dividends for the six months ended September 30, 2012 | |
Record date | September 30, 2013 | September 30, 2013 | September 30, 2012 |
Dividend per share | 45 yen | 40 yen | 45 yen |
Total dividend amount | 6,038 million yen | - | 5,967 million yen |
Effective date | December 2, 2013 | - | December 3, 2012 |
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.
The Company’s sales and operating income for the six months ended September 30, 2013 exceeded its financial guidance announced on July 23, 2013. Given the positive steps forward, the Company seeks to reward its shareholders with an interim dividend of 45 yen per share, an increase of 5 yen per share from the amount previously announced. Together with the projected year-end dividend remaining unchanged at 45 yen per share, the Company now expects to pay an annual dividend of 90 yen per share for the year ending March 31, 2014.
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