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Daibiru : Notice Regarding Cash Dividends (Dividend Increase)

2. Reason For fiscal 2020, our business performed steadily overall, both domestically and overseas, while there was some impact from the novel coronavirus infection (COVID-19). Owing to this, combined with cost reductions, etc., we were able to secure profit attributable to owners of parent that exceeded previous expectations. Our fundamental policy is to implement stable dividends taking into account our business performance and the external environment while maintaining the necessary internal reserves to ensure a sound financial position and future business development. Based on this policy, we are targeting a dividend payout ratio of 30 to 35%. This being the case, the year-end dividend for fiscal 2020 is expected to be ¥11.5 per share, an increase of ¥1.0 from the most recent dividend forecast (¥10.5). As a result, the annual dividend per share will increase ¥1.0 year on year to ¥22.0 (an interim dividend of ¥10.5 and year-end divi

Nidec Holds an Event to Announce Its Decision to Open New Factories and Launch of Business in Serbia

Nidec Holds an Event to Announce Its Decision to Open New Factories and Launch of Business in Serbia April 11, 2021 19:30 ET | Source: Nidec Corporation Nidec Corporation Kyoto, JAPAN KYOTO, Japan, April 12, 2021 (GLOBE NEWSWIRE) Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it has decided to open new factories in the city of Novi Sad in the Republic of Serbia (“Serbia”), and that it has held an event to announce the launch of business in the country. 1. The event to announce the launch of business in Serbia At today’s event, held at the office of president, Serbia, and attended by President Aleksandar Vučić, Mayor Miloš Vučević of Novi Sad, and Japanese Ambassador to Serbia Takahiko Katsumata, among others, the Company announced its plan to launch business in Serbia.

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