ASJ (NGO:2351) Dividend Payout Ratio: 0.00 (As of Mar. 2026)

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NGO:2351 ASJ Inc NGO:2351
55 GF Score
Price 円307.00
GF Value 円370.94
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is ASJ Dividend Payout Ratio?

ASJ NGO:2351 55 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates NGO:2351 with a GF Score™ of 55/100 and a GF Value™ of 円370.94 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 874 Software companies, ASJ ranks better than 83.52% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. ASJ's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

The historical rank and industry rank for ASJ's Dividend Payout Ratio or its related term are showing as below:


During the past 13 years, the highest Dividend Payout Ratio of ASJ was 0.81. The lowest was 0.06. And the median was 0.25.

NGO:2351's Dividend Payout Ratio is not ranked *
in the Software industry.
Industry Median: 0.4
* Ranked among companies with meaningful Dividend Payout Ratio only.

As of today (2026-08-20), the Dividend Yield % of ASJ is 0.65%.

During the past 13 years, the highest Trailing Annual Dividend Yield of ASJ was 0.67%. The lowest was 0.07%. And the median was 0.31%.

ASJ's Dividends per Share for the months ended in Mar. 2026 was 円0.00.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.


ASJ (NGO:2351) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.


ASJ Dividend Payout Ratio Related Terms


ASJ Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for ASJ's Dividend Payout Ratio can be seen below:

* 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.

ASJ Dividend Payout Ratio Chart

ASJ Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.18

ASJ Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

NGO:2351 vs MSFT, ORCL, PLTR: Dividend Payout Ratio Comparison

For the Software - Infrastructure subindustry, ASJ's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.


ASJ Dividend Payout Ratio vs Software Industry

For the Software industry and Technology sector, ASJ's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where ASJ's Dividend Payout Ratio falls into.


NGO:2351
55GF Score
ASJ Inc NGO:2351
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASJ Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

ASJ's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=2/ 11.27
=0.18

ASJ's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0/ 7.8
=0.00

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.00 mean?
ASJ (NGO:2351) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on ASJ and its competitors. Over the past decade, ASJ's Dividend Payout Ratio has ranged from 0.06 to 0.81. According to the industry distribution chart, ASJ ranks #144 out of 874 companies in the Software industry, placing it in the top 16.5%.
Is ASJ's Dividend Payout Ratio too high?
ASJ's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.81. Based on the distribution chart, ASJ ranks #144 out of 874 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, ASJ has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASJ's Dividend Payout Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, ASJ ranks #144 out of 874 companies for Dividend Payout Ratio. This places ASJ in the top 17% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.40. Historically, ASJ's own Dividend Payout Ratio has ranged from 0.06 to 0.81 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Software company?
The median Dividend Payout Ratio among Software companies is 0.40, based on 874 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on ASJ and its competitors. For the Software industry, the median Dividend Payout Ratio is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASJ's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASJ stock overvalued right now?
Based on GuruFocus' analysis, ASJ (NGO:2351) is currently considered Modestly Undervalued. The stock's GF Value™ is 円370.94, compared to a current price of 円307.00 — trading 17.2% below its estimated fair value. The current Dividend Payout Ratio is 0.00. ASJ's overall GF Score™ is 55/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For ASJ (NGO:2351), the current Dividend Payout Ratio is 0.00 as of Mar. 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 ASJ (NGO:2351) Overvalued in 2026?

Based on GuruFocus' analysis, ASJ stock appears to be undervalued. The current stock price of 円307.00 is trading 17.2% below its estimated GF Value™ of 円370.94. GuruFocus considers ASJ to be Modestly Undervalued.

Key valuation signals for NGO:2351:

  • Dividend Payout Ratio: 0.00
  • GF Value™: 円370.94 vs. price of 円307.00 (17.2% below fair value)
  • GF Score™: 55/100 with 2 warning signs

No single metric tells the full story. See the NGO:2351 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASJ Business Description

Other Exchanges 2351:Japan
Address 3-2-16 Sakaemachi, Saitama Prefecture, Kawaguchi, JPN, 332-0017
ASJ Inc is a core services provider company. It is engaged in Internet-related services such as hosting service and provision of groupware and domain service. Its business activities include cloud services, payment service, consulting on the Internet and development of computer software and smartphone applications.
55GF Score

Get the complete analysis for NGO:2351

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円307.00
Price
円370.94
GF Value