TCNRF (Tokyo Century) Dividend Payout Ratio: 0.48 (As of Mar. 2026) — 50% Above Median

What is Tokyo Century Dividend Payout Ratio?

Tokyo Century TCNRF -6.27% 78 Dividend Payout Ratio is 0.48 as of Mar. 2026, which is 50% above its 10-year median of 0.32. GuruFocus rates TCNRF with a GF Score™ of 78/100 and a GF Value™ of $7.02. The stock has 8 warning signs investors should review. Among 516 Business Services companies, Tokyo Century ranks better than 64.73% 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. Tokyo Century's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.48.

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

TCNRF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.32 Max: 0.4
Current: 0.33

During the past 13 years, the highest Dividend Payout Ratio of Tokyo Century was 0.40. The lowest was 0.24. And the median was 0.32.

TCNRF's Dividend Payout Ratio is ranked better than
64.73% of 516 companies
in the Business Services industry
Industry Median: 0.44 vs TCNRF: 0.33

As of today (2026-07-05), the Dividend Yield % of Tokyo Century is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tokyo Century was 4.48%. The lowest was 1.52%. And the median was 2.64%.

Tokyo Century's Dividends per Share for the months ended in Mar. 2026 was $0.28.

During the past 12 months, Tokyo Century's average Dividends Per Share Growth Rate was 29.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 30.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 19.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tokyo Century was 30.80% per year. The lowest was 1.70% per year. And the median was 15.20% 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.

Tokyo Century (OTCPK:TCNRF) 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.

Tokyo Century Dividend Payout Ratio Related Terms

Tokyo Century Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Tokyo Century'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.

Tokyo Century Dividend Payout Ratio Chart

Tokyo Century Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.34

0.30

0.34

0.40

0.34

Tokyo Century 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															1.27	0.00	0.66	0.00	0.48

TCNRF vs URI, SUNB, AER: Dividend Payout Ratio Comparison

For the Rental & Leasing Services subindustry, Tokyo Century'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.

Tokyo Century Dividend Payout Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Tokyo Century's Dividend Payout Ratio distribution charts can be found below:

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

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78GF Score

Tokyo Century Corp TCNRF

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

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Tokyo Century Dividend Payout Ratio Calculation

Tokyo Century'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 )
	=	0.504	/	1.504
	=	0.34

Tokyo Century'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 )
	=	0.277	/	0.583
	=	0.48

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.48 mean?

Tokyo Century (TCNRF) has a Dividend Payout Ratio of 0.48 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tokyo Century and its competitors. This is 50% above median its historical median of 0.32. Over the past decade, Tokyo Century's Dividend Payout Ratio has ranged from 0.24 to 0.40. According to the industry distribution chart, Tokyo Century ranks #182 out of 516 companies in the Business Services industry, placing it in the top 35.3%.

Is Tokyo Century's Dividend Payout Ratio too high?

Tokyo Century's current Dividend Payout Ratio of 0.48 is 50% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.40. The Business Services industry median Dividend Payout Ratio is 0.44. Tokyo Century's value of 0.48 is 9.1% above this industry median. Based on the distribution chart, Tokyo Century ranks #182 out of 516 companies in the Business Services industry, which is above the industry midpoint. Overall, Tokyo Century has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.

How does Tokyo Century's Dividend Payout Ratio compare to URI and SUNB?

According to the Business Services industry distribution chart, Tokyo Century ranks #182 out of 516 companies for Dividend Payout Ratio. This puts Tokyo Century in the upper half of its industry. The industry median Dividend Payout Ratio is 0.44. Tokyo Century's value of 0.48 is 9.1% above this benchmark. Historically, Tokyo Century's own Dividend Payout Ratio has ranged from 0.24 to 0.40 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.44, Tokyo Century 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 a Business Services company?

The median Dividend Payout Ratio among Business Services companies is 0.44, based on 516 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. Tokyo Century's current Dividend Payout Ratio of 0.48 is 9.1% 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 Tokyo Century and its competitors. For the Business Services industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Century's current Dividend Payout Ratio is 0.48, which is 50% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tokyo Century stock overvalued right now?

Tokyo Century (TCNRF) has a current Dividend Payout Ratio of 0.48. The stock's GF Value™ is $7.02, compared to a current price of $10.32 — trading 47% above its estimated fair value. The current Dividend Payout Ratio is 0.48, which is 50% above median its 10-year median of 0.32 and 9.1% above the Business Services industry median of 0.44. Tokyo Century's overall GF Score™ is 78/100 with 8 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 Tokyo Century (TCNRF), the current Dividend Payout Ratio is 0.48 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 Tokyo Century (TCNRF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Century stock appears to be overvalued. The current stock price of $10.32 is trading 47% above its estimated GF Value™ of $7.02.

Key valuation signals for TCNRF:

Dividend Payout Ratio: 0.48 (50% above median its 10-year median of 0.32)
GF Value™: $7.02 vs. price of $10.32 (47% above fair value)
GF Score™: 78/100 with 8 warning signs
Industry Position: 9.1% above the Business Services median (#182 of 516)

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

Tokyo Century Business Description

Industry Industrials Business Services

Comparable Companies TSE:8424 TSE:9678 TSE:7172 TSE:9699 TSE:8793 TSE:9729 TSE:2393 TSE:9619 TSE:9991 TSE:5834 URI SUNB AER UHAL XPAR:AYV R BSP:RENT3 TSX:EFN HKSE:02588 GATX

Other Exchanges 8439:Japan

Address 3 Kanda Neribeicho, Fuji Soft Building, Chiyoda-ku, Tokyo, JPN, 101-0022

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

Tokyo Century Corp is engaged in leasing and financing businesses. The company operates through five reportable segments: Domestic Leasing Business, Automobility Business, Specialty Business, International Business, and Environmental Infrastructure Business. Its activities include leasing and financing for equipment and facilities, auto leasing and car sharing, loans and investments for ships, aircraft, and real estate, as well as renewable energy and related services. It generates the majority of its revenue from the Domestic leasing segment, which includes information and communication equipment, office equipment, industrial machine tools, transportation equipment, and commercial and service industries.

78GF Score

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$10.32

Price

$7.02

GF Value

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