SHMWF (ShinMaywa Industries) Dividend Payout Ratio: 0.34 (As of Mar. 2026) — Near Median

What is ShinMaywa Industries Dividend Payout Ratio?

ShinMaywa Industries SHMWF 81 Dividend Payout Ratio is 0.34 as of Mar. 2026, which is 8% below its 10-year median of 0.37. GuruFocus rates SHMWF with a GF Score™ of 81/100 and a GF Value™ of $10.23 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 307 Conglomerates companies, ShinMaywa Industries ranks better than 59.61% 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. ShinMaywa Industries's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.34.

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

SHMWF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.37 Max: 0.59
Current: 0.32

During the past 13 years, the highest Dividend Payout Ratio of ShinMaywa Industries was 0.59. The lowest was 0.15. And the median was 0.37.

SHMWF's Dividend Payout Ratio is ranked better than
59.61% of 307 companies
in the Conglomerates industry
Industry Median: 0.37 vs SHMWF: 0.32

As of today (2026-06-29), the Dividend Yield % of ShinMaywa Industries is 2.67%.

During the past 13 years, the highest Trailing Annual Dividend Yield of ShinMaywa Industries was 4.95%. The lowest was 1.14%. And the median was 3.42%.

ShinMaywa Industries's Dividends per Share for the months ended in Mar. 2026 was $0.18.

During the past 12 months, ShinMaywa Industries's average Dividends Per Share Growth Rate was 7.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of ShinMaywa Industries was 47.60% per year. The lowest was -2.30% per year. And the median was 6.30% 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.

ShinMaywa Industries (OTCPK:SHMWF) 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.

ShinMaywa Industries Dividend Payout Ratio Related Terms

ShinMaywa Industries Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for ShinMaywa Industries'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.

ShinMaywa Industries Dividend Payout Ratio Chart

ShinMaywa Industries Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.22

0.42

0.41

0.38

0.32

ShinMaywa Industries 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															0.43	0.00	1.13	0.00	0.34

SHMWF vs HON, MMM: Dividend Payout Ratio Comparison

For the Conglomerates subindustry, ShinMaywa Industries'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.

ShinMaywa Industries Dividend Payout Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, ShinMaywa Industries's Dividend Payout Ratio distribution charts can be found below:

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

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ShinMaywa Industries Ltd SHMWF

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ShinMaywa Industries Dividend Payout Ratio Calculation

ShinMaywa Industries'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 )
	=	0.353	/	1.119
	=	0.32

ShinMaywa Industries'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 )
	=	0.183	/	0.542
	=	0.34

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.34 mean?

ShinMaywa Industries (SHMWF) has a Dividend Payout Ratio of 0.34 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on ShinMaywa Industries and its competitors. This is near median its historical median of 0.37. Over the past decade, ShinMaywa Industries' Dividend Payout Ratio has ranged from 0.15 to 0.59. According to the industry distribution chart, ShinMaywa Industries ranks #124 out of 307 companies in the Conglomerates industry, placing it in the top 40.4%.

Is ShinMaywa Industries' Dividend Payout Ratio too high?

ShinMaywa Industries' current Dividend Payout Ratio of 0.34 is near median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.59. The Conglomerates industry median Dividend Payout Ratio is 0.37. ShinMaywa Industries' value of 0.34 is 8.1% below this industry median. Based on the distribution chart, ShinMaywa Industries ranks #124 out of 307 companies in the Conglomerates industry, which is above the industry midpoint. Overall, ShinMaywa Industries has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does ShinMaywa Industries' Dividend Payout Ratio compare to HON and MMM?

According to the Conglomerates industry distribution chart, ShinMaywa Industries ranks #124 out of 307 companies for Dividend Payout Ratio. This puts ShinMaywa Industries in the upper half of its industry. The industry median Dividend Payout Ratio is 0.37. ShinMaywa Industries' value of 0.34 is 8.1% below this benchmark. Historically, ShinMaywa Industries' own Dividend Payout Ratio has ranged from 0.15 to 0.59 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.37, ShinMaywa Industries 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 Conglomerates company?

The median Dividend Payout Ratio among Conglomerates companies is 0.37, based on 307 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. ShinMaywa Industries's current Dividend Payout Ratio of 0.34 is 8.1% 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 ShinMaywa Industries and its competitors. For the Conglomerates 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. ShinMaywa Industries's current Dividend Payout Ratio is 0.34, which is near median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is ShinMaywa Industries stock overvalued right now?

Based on GuruFocus' analysis, ShinMaywa Industries (SHMWF) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.23, compared to a current price of $13.30 — trading 30% above its estimated fair value. The current Dividend Payout Ratio is 0.34, which is near median its 10-year median of 0.37 and 8.1% below the Conglomerates industry median of 0.37. ShinMaywa Industries' overall GF Score™ is 81/100 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 ShinMaywa Industries (SHMWF), the current Dividend Payout Ratio is 0.34 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 ShinMaywa Industries (SHMWF) Overvalued in 2026?

Based on GuruFocus' analysis, ShinMaywa Industries stock appears to be overvalued. The current stock price of $13.30 is trading 30% above its estimated GF Value™ of $10.23. GuruFocus considers ShinMaywa Industries to be Modestly Overvalued.

Key valuation signals for SHMWF:

Dividend Payout Ratio: 0.34 (near median its 10-year median of 0.37)
GF Value™: $10.23 vs. price of $13.30 (30% above fair value)
GF Score™: 81/100 with 1 warning sign
Industry Position: 8.1% below the Conglomerates median (#124 of 307)

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

ShinMaywa Industries Business Description

Industry Industrials Conglomerates

Comparable Companies TSE:9010 TSE:3076 TSE:3167 TSE:3498 TSE:3106 TSE:7483 TSE:8057 TSE:8014 TSE:7130 TSE:2353 ADX:IHC HON TSE:6501 TSE:8058 MMM TSE:8001 TSE:8031 TSE:5803 TSE:8002 TSE:8053

Other Exchanges 7224:Japan

Address 1-1 Shinmeiwa-cho, Takarazuka, Hyogo, JPN, 665-8550

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

ShinMaywa Industries Ltd manufactures a wide range of products, including parking systems, aircrafts, trucks, and other industrial systems. The company has four operating segments: aircraft, special-purpose truck, industrial machinery and environmental systems, and parking systems. The special-purpose truck segment generates roughly half of total sales and focuses on distributing dump trucks, lifters, compactors, and forestry machinery. The aircraft segment sells amphibian aircraft (capable of open-sea landing and takeoff) and aircraft parts to other manufacturers. Sales to customers located in Japan constitute about three fourths of total revenue.

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$13.30

Price

$10.23

GF Value

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