Nidec said on 30 September that restated financial statements show its dividends and share buybacks in each of the five years to March 2026 exceeded the distributable amount calculated under the Companies Act and related accounting rules. The company filed its annual securities report for the year to March 2026 with the Kanto Local Finance Bureau the same day, restating earlier statements.
The distributable amount is the legal ceiling on how much a Japanese company may return to shareholders through dividends and buybacks. Nidec's notice, which carries an apology to shareholders and investors, lists the affected payouts.
| Year to March | Payout type | Amount |
|---|---|---|
| 2022 | Share buybacks | ¥31.4bn |
| 2023 | Dividends and buybacks | ¥94.0bn |
| 2024 | Dividends and buybacks | ¥41.2bn |
| 2025 | Dividends and buybacks | ¥53.8bn |
| 2026 | Dividend | ¥22.96bn |
The largest single year was the one to March 2023, when dividends and buybacks together came to ¥94.0bn. The year to March 2022 involved buybacks only. The year to March 2026 involved a dividend only.
The figures are the total payouts that Nidec says exceeded the calculated limit, not the size of each shortfall. The notice does not give the distributable amount for any year, and it names no remedy, repayment step or next action.
The disclosure is separate from Tokyo Brief's earlier article on Nidec's buybacks and dividend. The notice does not refer to it.