During the past 12 months, Change Holdings's average Dividends Per Share Growth Rate was 10.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 48.70% per year.
During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of Change Holdings was 48.70% per year. The lowest was 48.70% per year. And the median was 48.70% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Change Holdings Forward Dividend Yield % Related Terms
TSE:3962 vs IBM, ACN, FISV: Forward Dividend Yield % Comparison
For the Information Technology Services subindustry, Change Holdings's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Change Holdings Forward Dividend Yield % vs Software Industry
For the Software industry and Technology sector, Change Holdings's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Change Holdings's Forward Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Change Holdings Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
JPY 23.000000
2026-03-30
2026-03-31
2026-06-10
Cash Dividend
semi-annually
JPY:JPY 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Change Holdings's Forward Annual Dividend Yield (%) for Today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Dividend Yield % of 2.88% mean?
Change Holdings (TSE:3962) has a Forward Dividend Yield % of 2.88% as of Jul. 01, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Change Holdings and its competitors. According to the industry distribution chart, Change Holdings ranks #451 out of 996 companies in the Software industry, placing it in the top 45.3%.
Is Change Holdings' Forward Dividend Yield % too high?
Change Holdings' current Forward Dividend Yield % is 2.88%. The Software industry median Forward Dividend Yield % is 2.51. Change Holdings' value of 2.88% is 14.7% above this industry median. Based on the distribution chart, Change Holdings ranks #451 out of 996 companies in the Software industry, which is above the industry midpoint. Overall, Change Holdings has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Change Holdings' Forward Dividend Yield % compare to IBM and ACN?
According to the Software industry distribution chart, Change Holdings ranks #451 out of 996 companies for Forward Dividend Yield %. This puts Change Holdings in the upper half of its industry. The industry median Forward Dividend Yield % is 2.51. Change Holdings' value of 2.88% is 14.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for a Software company?
The median Forward Dividend Yield % among Software companies is 2.51, based on 996 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Change Holdings's current Forward Dividend Yield % of 2.88% is 14.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Change Holdings and its competitors. For the Software industry, the median Forward Dividend Yield % is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Holdings's current Forward Dividend Yield % is 2.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Change Holdings stock overvalued right now?
Based on GuruFocus' analysis, Change Holdings (TSE:3962) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,866.07, compared to a current price of 円893.00 — trading 52.1% below its estimated fair value. The current Forward Dividend Yield % is 2.88% and 14.7% above the Software industry median of 2.51. Change Holdings' overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For Change Holdings (TSE:3962), the current Forward Dividend Yield % is 2.88% as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Change Holdings (TSE:3962) Overvalued in 2026?
Based on GuruFocus' analysis, Change Holdings stock appears to be undervalued.
The current stock price of 円893.00 is trading 52.1% below its estimated GF Value™ of 円1,866.07.
GuruFocus considers Change Holdings to be Significantly Undervalued.
Key valuation signals for TSE:3962:
Forward Dividend Yield %: 2.88%
GF Value™: 円1,866.07 vs. price of 円893.00 (52.1% below fair value)
Industry Position: 14.7% above the Software median (#451 of 996)
No single metric tells the full story. See the TSE:3962 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Change Holdings Inc provides mobility, IoT (Internet of Things) data, security and IT human resources training services. It segments are: Public Tech and NEW-IT Transformation Business. The Public Tech segment covers local government support projects that aims to realize high value-added resident services by utilizing ICT technology to promote the improvement of local government business productivity. The NEW-IT Transformation Business segment promotes digital transformation through various algorithms such as AI, voice Internet, mobility, IoT, cloud, security, services utilizing basic technology, and training for digital human resources. It also provides digital transformation solutions by combining libraries based on customer needs to realize customer digital transformation.
73GF Score
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