Okuma (NGO:6103) Dividend Payout Ratio: 0.85 (As of Mar. 2026) — 174% Above Median

Okuma NGO:6103 87 Dividend Payout Ratio is 0.85 as of Mar. 2026, which is 174% above its 10-year median of 0.31. GuruFocus rates NGO:6103 with a GF Score™ of 87/100 and a GF Value™ of 円3,027.99. The stock has 1 warning sign investors should review. Among 1,721 Industrial Products companies, Okuma ranks worse than 64.15% 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. Okuma's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.85.

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

NGO:6103' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.31 Max: 0.61
Current: 0.5

During the past 13 years, the highest Dividend Payout Ratio of Okuma was 0.61. The lowest was 0.16. And the median was 0.31.

NGO:6103's Dividend Payout Ratio is ranked worse than
64.15% of 1721 companies
in the Industrial Products industry
Industry Median: 0.37 vs NGO:6103: 0.50

As of today (2026-07-04), the Dividend Yield % of Okuma is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Okuma was 4.75%. The lowest was 0.00%. And the median was 2.25%.

Okuma's Dividends per Share for the months ended in Mar. 2026 was 円50.00.

During the past 3 years, the average Dividends Per Share Growth Rate was 3.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 37.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Okuma was 78.80% per year. The lowest was -45.00% per year. And the median was 12.30% 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.

Okuma (NGO:6103) 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.

Okuma Dividend Payout Ratio Related Terms

Okuma Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Okuma'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.

Okuma Dividend Payout Ratio Chart

Okuma Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

Get a 7-Day Free Trial

0.25

0.29

0.33

0.61

0.50

Okuma Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.15	0.00	0.96	0.00	0.85

NGO:6103 vs GEV, ETN, PH: Dividend Payout Ratio Comparison

For the Specialty Industrial Machinery subindustry, Okuma'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.

Okuma Dividend Payout Ratio vs Industrial Products Industry

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

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

Save Embed

87GF Score

Okuma Corp NGO:6103

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Okuma Dividend Payout Ratio Calculation

Okuma'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 )
	=	100	/	199.717
	=	0.50

Okuma'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 )
	=	50	/	58.522
	=	0.85

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.85 mean?

Okuma (NGO:6103) has a Dividend Payout Ratio of 0.85 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Okuma and its competitors. This is 174% above median its historical median of 0.31. Over the past decade, Okuma's Dividend Payout Ratio has ranged from 0.16 to 0.61. According to the industry distribution chart, Okuma ranks #1104 out of 1721 companies in the Industrial Products industry, placing it in the top 64.1%.

Is Okuma's Dividend Payout Ratio too high?

Okuma's current Dividend Payout Ratio of 0.85 is 174% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.61. The Industrial Products industry median Dividend Payout Ratio is 0.37. Okuma's value of 0.85 is 129.7% above this industry median. Based on the distribution chart, Okuma ranks #1104 out of 1721 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Okuma has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.

How does Okuma's Dividend Payout Ratio compare to GEV and ETN?

According to the Industrial Products industry distribution chart, Okuma ranks #1104 out of 1721 companies for Dividend Payout Ratio. This places Okuma in the lower half of its industry. The industry median Dividend Payout Ratio is 0.37. Okuma's value of 0.85 is 129.7% above this benchmark. Historically, Okuma's own Dividend Payout Ratio has ranged from 0.16 to 0.61 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.37, Okuma has consistently been above 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 1,721 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. Okuma's current Dividend Payout Ratio of 0.85 is 129.7% 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 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 Okuma 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. Okuma's current Dividend Payout Ratio is 0.85, which is 174% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Okuma stock overvalued right now?

Okuma (NGO:6103) has a current Dividend Payout Ratio of 0.85. The stock's GF Value™ is 円3,027.99, compared to a current price of 円3,525.00 — trading 16.4% above its estimated fair value. The current Dividend Payout Ratio is 0.85, which is 174% above median its 10-year median of 0.31 and 129.7% above the Industrial Products industry median of 0.37. Okuma's overall GF Score™ is 87/100 with 1 warning sign 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 Okuma (NGO:6103), the current Dividend Payout Ratio is 0.85 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 Okuma (NGO:6103) Overvalued in 2026?

Based on GuruFocus' analysis, Okuma stock appears to be overvalued. The current stock price of 円3,525.00 is trading 16.4% above its estimated GF Value™ of 円3,027.99.

Key valuation signals for NGO:6103:

Dividend Payout Ratio: 0.85 (174% above median its 10-year median of 0.31)
GF Value™: 円3,027.99 vs. price of 円3,525.00 (16.4% above fair value)
GF Score™: 87/100 with 1 warning sign
Industry Position: 129.7% above the Industrial Products median (#1104 of 1721)

No single metric tells the full story. See the NGO:6103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Okuma Business Description

Industry Industrials Industrial Products

Comparable Companies TSE:6371 TSE:6376 TSE:6490 TSE:6498 TSE:6457 TSE:6925 TSE:6254 TSE:5186 TSE:6135 TSE:6005 GEV XTER:SIE XPAR:SU ETN XTER:ENR PH CMI OSTO:ATCO A EMR ITW

Other Exchanges 6103:Japan

Address 5-25-1 Shimo-Oguchi, Ohguchi-cho Niwa-gun, Aichi, JPN, 480-0193

Website http://www.okuma.co.jp

Okuma Corp is a Japan-based company that manufactures machine tools. The company's product portfolio comprises CNC lathes, aluminum wheel applications, horizontal multitasking machines, machining centers, and so on. In addition, the company provides other solutions including applications, system technologies, aftersales services, and others. The company has a number of subsidiaries overseas, including Okuma America Corp. (America), Okuma Europe GmbH (Germany), Okuma Machine Tool (Shanghai) Co., Ltd (China), BYJC Okuma (Beijing) Machine Tool Co., Ltd (China) and Tatung-Okuma Co., Ltd (Taiwan). In the domestic market, the company primarily operates through Nippon Seiki Shokai and Okuma Kosan Corp. The company generates around half of its revenue from overseas markets.

87GF Score

Get the complete analysis for NGO:6103

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

円3,525.00

Price

円3,027.99

GF Value

View NGO:6103 Analysis

See Dividend Payout Ratio data for all stocks →