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 May 2016.
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
1
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: May 25, 2016 | ||||
| NIDEC CORPORATION | ||||
| By: /S/ Masahiro Nagayasu | ||||
| General Manager, Investor Relations |
2
FOR IMMEDIATE RELEASE
 |
NIDEC CORPORATION
Tokyo Stock Exchange code: 6594
Contact: | |
Masahiro Nagayasu | |
General Manager | |
Investor Relations | |
+81-75-935-6140 | |
ir@nidec.com | |
Released on May 25, 2016 in Kyoto, Japan
Nidec Announces Annual Dividend Payout from Retained Earnings
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) | 30 yen | 40 yen | 70 yen |
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