OJIPF (Oji Holdings) Dividend Payout Ratio: 0.04 (As of Mar. 2026) — 85% Below Median

What is Oji Holdings Dividend Payout Ratio?

Oji Holdings OJIPF 70 Dividend Payout Ratio is 0.04 as of Mar. 2026, which is 85% below its 10-year median of 0.26. GuruFocus rates OJIPF with a GF Score™ of 70/100 and a GF Value™ of $5.21. The stock has 7 warning signs investors should review. Among 116 Forest Products companies, Oji Holdings ranks better than 92.24% 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. Oji Holdings's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.04.

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

OJIPF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.26 Max: 0.98
Current: 0.08

During the past 13 years, the highest Dividend Payout Ratio of Oji Holdings was 0.98. The lowest was 0.08. And the median was 0.26.

OJIPF's Dividend Payout Ratio is ranked better than
92.24% of 116 companies
in the Forest Products industry
Industry Median: 0.415 vs OJIPF: 0.08

As of today (2026-06-28), the Dividend Yield % of Oji Holdings is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Oji Holdings was 4.63%. The lowest was 1.21%. And the median was 2.50%.

Oji Holdings's Dividends per Share for the months ended in Mar. 2026 was $0.11.

During the past 12 months, Oji Holdings's average Dividends Per Share Growth Rate was 50.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 31.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 19.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Oji Holdings was 31.00% per year. The lowest was -5.90% per year. And the median was 4.60% 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.

Oji Holdings (OTCPK:OJIPF) 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.

Oji Holdings Dividend Payout Ratio Related Terms

Oji Holdings Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Oji Holdings'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.

Oji Holdings Dividend Payout Ratio Chart

Oji Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.15

0.26

0.29

0.98

0.08

Oji Holdings 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															0.00	0.00	2.18	0.00	0.04

Oji Holdings Dividend Payout Ratio Competitor Comparison

For the Paper & Paper Products subindustry, Oji Holdings'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.

Oji Holdings Dividend Payout Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Oji Holdings's Dividend Payout Ratio distribution charts can be found below:

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

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70GF Score

Oji Holdings Corp OJIPF

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

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Oji Holdings Dividend Payout Ratio Calculation

Oji Holdings'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 )
	=	0.227	/	2.703
	=	0.08

Oji Holdings'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 )
	=	0.113	/	2.695
	=	0.04

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.04 mean?

Oji Holdings (OJIPF) has a Dividend Payout Ratio of 0.04 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Oji Holdings and its competitors. This is 85% below median its historical median of 0.26. Over the past decade, Oji Holdings' Dividend Payout Ratio has ranged from 0.08 to 0.98. According to the industry distribution chart, Oji Holdings ranks #9 out of 116 companies in the Forest Products industry, placing it in the top 7.8%.

Is Oji Holdings' Dividend Payout Ratio too high?

Oji Holdings' current Dividend Payout Ratio of 0.04 is 85% below median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.98. The Forest Products industry median Dividend Payout Ratio is 0.42. Oji Holdings' value of 0.04 is 90.4% below this industry median. Based on the distribution chart, Oji Holdings ranks #9 out of 116 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Oji Holdings has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.

How does Oji Holdings' Dividend Payout Ratio compare to competitors?

According to the Forest Products industry distribution chart, Oji Holdings ranks #9 out of 116 companies for Dividend Payout Ratio. This places Oji Holdings in the top 8% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.42. Oji Holdings' value of 0.04 is 90.4% below this benchmark. Historically, Oji Holdings' own Dividend Payout Ratio has ranged from 0.08 to 0.98 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.42, Oji Holdings 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 a Forest Products company?

The median Dividend Payout Ratio among Forest Products companies is 0.42, based on 116 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. Oji Holdings's current Dividend Payout Ratio of 0.04 is 90.4% 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 Oji Holdings and its competitors. For the Forest Products industry, the median Dividend Payout Ratio is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oji Holdings's current Dividend Payout Ratio is 0.04, which is 85% below median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Oji Holdings stock overvalued right now?

Oji Holdings (OJIPF) has a current Dividend Payout Ratio of 0.04. The stock's GF Value™ is $5.21, compared to a current price of $5.80 — trading 11.3% above its estimated fair value. The current Dividend Payout Ratio is 0.04, which is 85% below median its 10-year median of 0.26 and 90.4% below the Forest Products industry median of 0.42. Oji Holdings' overall GF Score™ is 70/100 with 7 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 Oji Holdings (OJIPF), the current Dividend Payout Ratio is 0.04 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 Oji Holdings (OJIPF) Overvalued in 2026?

Based on GuruFocus' analysis, Oji Holdings stock appears to be overvalued. The current stock price of $5.80 is trading 11.3% above its estimated GF Value™ of $5.21.

Key valuation signals for OJIPF:

Dividend Payout Ratio: 0.04 (85% below median its 10-year median of 0.26)
GF Value™: $5.21 vs. price of $5.80 (11.3% above fair value)
GF Score™: 70/100 with 7 warning signs
Industry Position: 90.4% below the Forest Products median (#9 of 116)

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

Oji Holdings Business Description

Industry Basic Materials Forest Products

Comparable Companies TSE:3880 TSE:3863 TSE:3865 TSE:8032 TSE:9274 TSE:3708 TSE:3864 TSE:3877 TSE:7487 TSE:3513 OHEL:UPM BSP:SUZB3 OSTO:SCA A SZSE:002078 OSTO:HOLM A LSE:MNDI BSP:KLBN3 HKSE:02689 XSGO:CMPC XLIS:NVG

Other Exchanges 3861:Japan OJI:Germany

Address 7-5 Ginza, 4-chome, Chuo-ku, Tokyo, JPN, 104-0061

Website https://www.ojiholdings.co.jp

Oji Holdings Corp through its group companies, is engaged in the production and distribution of pulp, paper products, and converted paper products. The company operates through five segments. The Functional Materials segment covers specialty paper, thermal paper, adhesives, and films. The Living and Industrial Materials segment includes corrugated base paper, paperboard, packaging paper, household paper, and disposable diapers. The Print Information Media segment engages in newsprint, printing, publishing, and information paper. The Resource and Environmental Business segment spans pulp, energy, afforestation, and wood processing. The Others segment comprises trading, eco-friendly packaging, logistics, engineering, real estate, and liquid cartons.

70GF Score

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

$5.80

Price

$5.21

GF Value

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