During the past 12 months, Japan Excellent's average Dividends Per Share Growth Rate was 9.10% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 3.10% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 0.20% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 1.60% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Japan Excellent was 15.00% per year. The lowest was -9.60% per year. And the median was 1.30% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Japan Excellent (TSE:8987) Forward Dividend Yield % Explanation
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.
Japan Excellent Forward Dividend Yield % Related Terms
TSE:8987 vs BXP, ARE, VNO: Forward Dividend Yield % Comparison
For the REIT - Office subindustry, Japan Excellent'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.
Japan Excellent Forward Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Japan Excellent's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Japan Excellent's Forward Dividend Yield % falls into.
Japan Excellent Forward Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Japan Excellent Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
JPY 3050.000000
2026-06-29
2026-06-30
0000-00-00
Cash Dividend
semi-annually
JPY:JPY 1.000000
JPY 3036.000000
2025-12-29
2025-12-31
2026-03-19
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.
Japan Excellent's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
6072
/
136500.00
=
4.45 %
Current Share Price is 円136500.00. Japan Excellent's Dividends per Share for the forward twelve months is calculated as 円3036 * 2 = 円6072.
Japan Excellent's Trailing 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 4.46% mean?
Japan Excellent (TSE:8987) has a Forward Dividend Yield % of 4.46% as of Jun. 30, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Japan Excellent and its competitors. According to the industry distribution chart, Japan Excellent ranks #710 out of 870 companies in the REITs industry, placing it in the top 81.6%.
Is Japan Excellent's Forward Dividend Yield % too high?
Japan Excellent's current Forward Dividend Yield % is 4.46%. The REITs industry median Forward Dividend Yield % is 6.86. Japan Excellent's value of 4.46% is 35% below this industry median. Based on the distribution chart, Japan Excellent ranks #710 out of 870 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Japan Excellent has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Excellent's Forward Dividend Yield % compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Excellent ranks #710 out of 870 companies for Forward Dividend Yield %. This places Japan Excellent in the lower half of its industry. The industry median Forward Dividend Yield % is 6.86. Japan Excellent's value of 4.46% is 35% below 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 REITs company?
The median Forward Dividend Yield % among REITs companies is 6.86, based on 870 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. Japan Excellent's current Forward Dividend Yield % of 4.46% is 35% below 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 Japan Excellent and its competitors. For the REITs industry, the median Forward Dividend Yield % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Excellent's current Forward Dividend Yield % is 4.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Excellent stock overvalued right now?
Based on GuruFocus' analysis, Japan Excellent (TSE:8987) is currently considered Fairly Valued. The stock's GF Value™ is 円128,665.08, compared to a current price of 円136,500.00 — trading 6.1% above its estimated fair value. The current Forward Dividend Yield % is 4.46% and 35% below the REITs industry median of 6.86. Japan Excellent's overall GF Score™ is 69/100 with 9 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 Japan Excellent (TSE:8987), the current Forward Dividend Yield % is 4.46% as of Jun. 30, 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 Japan Excellent (TSE:8987) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Excellent stock appears to be overvalued.
The current stock price of 円136,500.00 is trading 6.1% above its estimated GF Value™ of 円128,665.08.
GuruFocus considers Japan Excellent to be Fairly Valued.
Key valuation signals for TSE:8987:
Forward Dividend Yield %: 4.46%
GF Value™: 円128,665.08 vs. price of 円136,500.00 (6.1% above fair value)
Industry Position: 35% below the REITs median (#710 of 870)
No single metric tells the full story. See the TSE:8987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.
69GF Score
Get the complete analysis for TSE:8987
Forward Dividend Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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