Nidec Corporation announced that the Company resolved at a meeting of its Board of Directors held on May 24, 2024 to distribute retained earnings (date of record: March 31, 2024) in the form of an annual dividend JPY 40 per shares for the year ended March 31, 2024 compared previous year annual dividend JPY 35 per shares for the year ended March 31, 2023. Record date is March 31, 2024. Total dividend amount is JPY 23,003 million.

Effective date is June 3, 2024.