Optimal Capital Structure Targeting a 30% Payout Ratio
First written in FY2017. 4 of 10 entries say "Restated". Latest entry: FY2026.
Nidec moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 3 of 27 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「NIDEC CORPORATION's basic capital management policy is to maintain an optimal capital structure that balances capital efficiency and financial soundness, with a view to sustainably increasing corporate value and achieving a total payout ratio of 50%.」
The wording was changed from the previous policy, which targeted a 30% dividend payout ratio, to a policy targeting a total payout ratio of 50%. Meanwhile, FY2026 has no dividend. - FY2026-H1SoftenedAnnual report
「The interim dividend from retained earnings, with 30 September 2025 as the record date, is ¥0. The year-end dividend from retained earnings, with 31 March 2026 as the record date, has also not yet been determined.」
Against its capital management policy with a view to a 30% dividend payout ratio, it paid no interim dividend and has not yet determined the year-end dividend. - FY2024Updated the dividend payout ratioAnnual report
「As a result, the consolidated dividend payout ratio for the period was 34.4%.」
While continuing its capital management policy with a view to a 30% dividend payout ratio, the dividend payout ratio for the period was 34.4%. - FY2023Updated the dividend payout ratioAnnual report
「As a result, the consolidated dividend payout ratio for the period was 89.5%.」
While continuing its capital management policy with a view to a 30% dividend payout ratio, the dividend payout ratio for the period was 89.5%. - FY2022RestatedAnnual report
「NIDEC CORPORATION's basic capital management policy is to maintain an optimal capital structure that balances capital efficiency and financial soundness, with a view to sustainably increasing corporate value and achieving a 30% dividend payout ratio.」
It has reaffirmed its policy of balancing capital efficiency and financial soundness with a view to a 30% dividend payout ratio. - FY2021RestatedAnnual report
「NIDEC CORPORATION's basic capital management policy is to maintain an optimal capital structure that balances capital efficiency and financial soundness, with a view to sustainably increasing corporate value and achieving a 30% dividend payout ratio.」
It has reaffirmed its policy of balancing capital efficiency and financial soundness with a view to a 30% dividend payout ratio. - FY2020The dividend payout ratio exceeds the target levelAnnual report
「As a result, the consolidated dividend payout ratio for the period was 56.3%.」
While continuing its capital management policy with a view to a 30% dividend payout ratio, the dividend payout ratio for the period was 56.3%. - FY2019RestatedAnnual report
「NIDEC CORPORATION's basic capital management policy is to maintain an optimal capital structure that balances capital efficiency and financial soundness, with a view to sustainably increasing corporate value and achieving a 30% dividend payout ratio.」
It has reaffirmed its policy of balancing capital efficiency and financial soundness with a view to a 30% dividend payout ratio. The consolidated dividend payout ratio for the period was 27.9%. - FY2018RestatedAnnual report
「NIDEC CORPORATION's basic capital management policy is to maintain an optimal capital structure that balances capital efficiency and financial soundness, with a view to sustainably increasing corporate value and achieving a 30% dividend payout ratio.」
It has reaffirmed its policy of maintaining an optimal capital structure with a view to a 30% dividend payout ratio. The consolidated dividend payout ratio for the period was 21.4%. - FY2017First statedAnnual report
「NIDEC CORPORATION's basic capital management policy is to maintain an optimal capital structure that balances capital efficiency and financial soundness, with a view to sustainably increasing corporate value and achieving a 30% dividend payout ratio.」
With a view to a 30% dividend payout ratio, it has set out a capital structure policy that balances capital efficiency and financial soundness.