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Nidec announces share repurchase plan, dividend payout from earnings

May 27, 2025 at 12:00 PM UTCBy FilingReader AI

Nidec Corporation (TSE: 6594) announced a share repurchase plan and its annual dividend payout, reinforcing its strategy to enhance shareholder value. The Board of Directors authorized the repurchase of up to 13 million shares, representing 1.13% of the total issued shares excluding treasury stock, for a total amount of JPY 35 billion. This initiative aims to implement share repurchases flexibly, considering long-term investments, cash position, stock price, and shareholder returns, targeting a total return ratio of 50%. Nidec also disclosed its annual dividend payout from retained earnings, setting a year-end dividend of JPY 20 per share. Coupled with the interim dividend, this results in a total annual dividend of JPY 40 per share for the fiscal year ending March 31, 2025. These decisions are aligned with Nidec's policy of maintaining stable dividends and achieving a total payout ratio of 50%, including share repurchases, while fostering business expansion and profitability in growth sectors.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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