KYOTO, Japan, April 26, 2010 (GLOBE NEWSWIRE) -- Nidec Corporation (the "Company") (NYSE:NJ) today announced that it would revise upward its year-end dividend forecast for the year ended March 31, 2010. In this relation, the Company's Board of Directors will meet on May 22, 2010 to approve the following:
1. Dividend Details
Dividend per share (yen) for the year ended March 31, 2010
| Interim | Year end | Full year | |
|
Previous Forecast (as of January. 28, 2010) |
35 | 60 | |
|
Revised Forecast (as of April 26, 2010) |
40 | 65 | |
| Dividend Paid | 25 |
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Dividend per share (yen) for the year ended March 31, 2009
| Interim | Year end | Full year | |
| Dividend Paid | 30 | 30 | 60 |
2. Reasons for revision
The Company made significant improvements in its profitability during the fiscal year ended March 31, 2010, reporting its highest-ever operating income, income from continuing operations before income taxes, and net income, despite its sales still being short of the peak level.
In light of the above progress, the Company now revises its year-end dividend forecast for the year ended March 31, 2010 from 35 yen per share to 40 yen per share. This brings the full-year payout to 65 yen per share, representing an increase of 5 yen from the previous fiscal year.
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