Shinwa Co (NGO:3447) Dividend Payout Ratio: 0.29 (As of Mar. 2026) — 31% Below Median


NGO:3447 Shinwa Co Ltd NGO:3447
75 GF Score
Price 円886.00
GF Value 円1,024.32
! 4 Warning Signs
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What is Shinwa Co Dividend Payout Ratio?

Shinwa Co NGO:3447 75 Dividend Payout Ratio is 0.29 as of Mar. 2026, which is 31% below its 10-year median of 0.42. GuruFocus rates NGO:3447 with a GF Score™ of 75/100 and a GF Value™ of 円1,024.32. The stock has 4 warning signs investors should review. Among 1,719 Industrial Products companies, Shinwa Co ranks better than 67.66% 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. Shinwa Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.29.

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

NGO:3447' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.42   Max: 1.09
Current: 0.27

During the past 10 years, the highest Dividend Payout Ratio of Shinwa Co was 1.09. The lowest was 0.27. And the median was 0.42.

NGO:3447's Dividend Payout Ratio is ranked better than
67.66% of 1719 companies
in the Industrial Products industry
Industry Median: 0.37 vs NGO:3447: 0.27

As of today (2026-07-06), the Dividend Yield % of Shinwa Co is 0.00%.

During the past 10 years, the highest Trailing Annual Dividend Yield of Shinwa Co was 6.78%. The lowest was 2.97%. And the median was 4.24%.

Shinwa Co's Dividends per Share for the months ended in Mar. 2026 was 円18.00.

During the past 12 months, Shinwa Co's average Dividends Per Share Growth Rate was 6.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -0.30% per year.

During the past 10 years, the highest 3-Year average Dividends Per Share Growth Rate of Shinwa Co was 3.30% per year. The lowest was -12.30% per year. And the median was -5.10% per year.

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.

Shinwa Co (NGO:3447) 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.

Shinwa Co Dividend Payout Ratio Related Terms

Shinwa Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Shinwa Co'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.

Shinwa Co Dividend Payout Ratio Chart

Shinwa Co 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 0.41 0.44 1.09 0.46 0.27

Shinwa Co Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 3.18 0.42 0.50 0.25 0.29

NGO:3447 vs CRS, ATI, MLI: Dividend Payout Ratio Comparison

For the Metal Fabrication subindustry, Shinwa Co'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.

Shinwa Co Dividend Payout Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shinwa Co's Dividend Payout Ratio distribution charts can be found below:

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


NGO:3447
75GF Score
Shinwa Co Ltd NGO:3447
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinwa Co 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.

Shinwa Co'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 )
=34/ 126.24
=0.27

Shinwa Co'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 )
=18/ 61.847
=0.29

* 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 0.29 mean?
Shinwa Co (NGO:3447) has a Dividend Payout Ratio of 0.29 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Shinwa Co and its competitors. This is 31% below median its historical median of 0.42. Over the past decade, Shinwa Co's Dividend Payout Ratio has ranged from 0.27 to 1.09. According to the industry distribution chart, Shinwa Co ranks #556 out of 1719 companies in the Industrial Products industry, placing it in the top 32.3%.
Is Shinwa Co's Dividend Payout Ratio too high?
Shinwa Co's current Dividend Payout Ratio of 0.29 is 31% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.09. The Industrial Products industry median Dividend Payout Ratio is 0.37. Shinwa Co's value of 0.29 is 21.6% below this industry median. Based on the distribution chart, Shinwa Co ranks #556 out of 1719 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shinwa Co has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Shinwa Co's Dividend Payout Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Shinwa Co ranks #556 out of 1719 companies for Dividend Payout Ratio. This puts Shinwa Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.37. Shinwa Co's value of 0.29 is 21.6% below this benchmark. Historically, Shinwa Co's own Dividend Payout Ratio has ranged from 0.27 to 1.09 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.37, Shinwa Co has consistently been below the industry average. 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 an Industrial Products company?
The median Dividend Payout Ratio among Industrial Products companies is 0.37, based on 1,719 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. Shinwa Co's current Dividend Payout Ratio of 0.29 is 21.6% 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 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 Shinwa Co and its competitors. For the Industrial Products industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinwa Co's current Dividend Payout Ratio is 0.29, which is 31% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinwa Co stock overvalued right now?
Shinwa Co (NGO:3447) has a current Dividend Payout Ratio of 0.29. The stock's GF Value™ is 円1,024.32, compared to a current price of 円886.00 — trading 13.5% below its estimated fair value. The current Dividend Payout Ratio is 0.29, which is 31% below median its 10-year median of 0.42 and 21.6% below the Industrial Products industry median of 0.37. Shinwa Co's overall GF Score™ is 75/100 with 4 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 Shinwa Co (NGO:3447), the current Dividend Payout Ratio is 0.29 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 Shinwa Co (NGO:3447) Overvalued in 2026?

Based on GuruFocus' analysis, Shinwa Co stock appears to be undervalued. The current stock price of 円886.00 is trading 13.5% below its estimated GF Value™ of 円1,024.32.

Key valuation signals for NGO:3447:

  • Dividend Payout Ratio: 0.29 (31% below median its 10-year median of 0.42)
  • GF Value™: 円1,024.32 vs. price of 円886.00 (13.5% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 21.6% below the Industrial Products median (#556 of 1719)

No single metric tells the full story. See the NGO:3447 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shinwa Co Business Description

Other Exchanges 3447:Japan
Address 30-7 Hiratacho Bushigawa, Gifu Prefecture, Kaizu-shi, JPN, 503-0311
Shinwa Co Ltd is a Japan-based company offering temporary construction materials and distribution equipment. Products offered by the company include Shinwa catcher, Shinwa pallet, logistics equipment and other safety equipment such as preceding handrail safe hangers, baseboard safe angles, simple lift handling boxes.
75GF Score

Get the complete analysis for NGO:3447

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

円886.00
Price
円1,024.32
GF Value