TOKSF (Tokyo Steel Manufacturing Co) Dividend Payout Ratio: 12.15 (As of Mar. 2026) — 8579% Above Median

What is Tokyo Steel Manufacturing Co Dividend Payout Ratio?

Tokyo Steel Manufacturing Co TOKSF 70 Dividend Payout Ratio is 12.15 as of Mar. 2026, which is 8579% above its 10-year median of 0.14. GuruFocus rates TOKSF with a GF Score™ of 70/100 and a GF Value™ of $8.05 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 271 Steel companies, Tokyo Steel Manufacturing Co ranks worse than 78.97% 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 Steel Manufacturing Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 12.15.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tokyo Steel Manufacturing Co Ltd is 0.73, which seems too high.

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

TOKSF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.14 Max: 0.73
Current: 0.7

During the past 13 years, the highest Dividend Payout Ratio of Tokyo Steel Manufacturing Co was 0.73. The lowest was 0.09. And the median was 0.14.

TOKSF's Dividend Payout Ratio is ranked worse than
78.97% of 271 companies
in the Steel industry
Industry Median: 0.39 vs TOKSF: 0.70

As of today (2026-06-27), the Dividend Yield % of Tokyo Steel Manufacturing Co is 3.47%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tokyo Steel Manufacturing Co was 3.68%. The lowest was 0.85%. And the median was 1.90%.

Tokyo Steel Manufacturing Co's Dividends per Share for the months ended in Mar. 2026 was $0.16.

During the past 3 years, the average Dividends Per Share Growth Rate was 7.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 25.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 23.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tokyo Steel Manufacturing Co was 71.00% per year. The lowest was -41.50% per year. And the median was 14.50% 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 Steel Manufacturing Co (OTCPK:TOKSF) 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 Steel Manufacturing Co Dividend Payout Ratio Related Terms

Tokyo Steel Manufacturing Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Tokyo Steel Manufacturing 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.

Tokyo Steel Manufacturing Co Dividend Payout Ratio Chart

Tokyo Steel Manufacturing Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.06

0.07

0.20

0.24

0.73

Tokyo Steel Manufacturing Co 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															0.57	0.00	1.92	0.00	12.15

TOKSF vs NUE, STLD, RS: Dividend Payout Ratio Comparison

For the Steel subindustry, Tokyo Steel Manufacturing 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.

Tokyo Steel Manufacturing Co Dividend Payout Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Tokyo Steel Manufacturing Co's Dividend Payout Ratio distribution charts can be found below:

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

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70GF Score

Tokyo Steel Manufacturing Co Ltd TOKSF

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

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Tokyo Steel Manufacturing Co Dividend Payout Ratio Calculation

Tokyo Steel Manufacturing 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 )
	=	0.315	/	0.434
	=	0.73

Tokyo Steel Manufacturing 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 )
	=	0.158	/	0.013
	=	12.15

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 12.15 mean?

Tokyo Steel Manufacturing Co (TOKSF) has a Dividend Payout Ratio of 12.15 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tokyo Steel Manufacturing Co and its competitors. This is 8579% above median its historical median of 0.14. Over the past decade, Tokyo Steel Manufacturing Co's Dividend Payout Ratio has ranged from 0.09 to 0.73. According to the industry distribution chart, Tokyo Steel Manufacturing Co ranks #214 out of 271 companies in the Steel industry, placing it in the top 79%.

Is Tokyo Steel Manufacturing Co's Dividend Payout Ratio too high?

Tokyo Steel Manufacturing Co's current Dividend Payout Ratio of 12.15 is 8579% above median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.73. The Steel industry median Dividend Payout Ratio is 0.39. Tokyo Steel Manufacturing Co's value of 12.15 is 3015.4% above this industry median. Based on the distribution chart, Tokyo Steel Manufacturing Co ranks #214 out of 271 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Tokyo Steel Manufacturing Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tokyo Steel Manufacturing Co's Dividend Payout Ratio compare to NUE and STLD?

According to the Steel industry distribution chart, Tokyo Steel Manufacturing Co ranks #214 out of 271 companies for Dividend Payout Ratio. This places Tokyo Steel Manufacturing Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.39. Tokyo Steel Manufacturing Co's value of 12.15 is 3015.4% above this benchmark. Historically, Tokyo Steel Manufacturing Co's own Dividend Payout Ratio has ranged from 0.09 to 0.73 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 0.39, Tokyo Steel Manufacturing Co 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 Steel company?

The median Dividend Payout Ratio among Steel companies is 0.39, based on 271 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 Steel Manufacturing Co's current Dividend Payout Ratio of 12.15 is 3015.4% 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 Steel Manufacturing Co and its competitors. For the Steel industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Steel Manufacturing Co's current Dividend Payout Ratio is 12.15, which is 8579% above median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tokyo Steel Manufacturing Co stock overvalued right now?

Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co (TOKSF) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.05, compared to a current price of $9.11 — trading 13.1% above its estimated fair value. The current Dividend Payout Ratio is 12.15, which is 8579% above median its 10-year median of 0.14 and 3015.4% above the Steel industry median of 0.39. Tokyo Steel Manufacturing Co's overall GF Score™ is 70/100 with 6 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 Steel Manufacturing Co (TOKSF), the current Dividend Payout Ratio is 12.15 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 Steel Manufacturing Co (TOKSF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co stock appears to be overvalued. The current stock price of $9.11 is trading 13.1% above its estimated GF Value™ of $8.05. GuruFocus considers Tokyo Steel Manufacturing Co to be Modestly Overvalued.

Key valuation signals for TOKSF:

Dividend Payout Ratio: 12.15 (8579% above median its 10-year median of 0.14)
GF Value™: $8.05 vs. price of $9.11 (13.1% above fair value)
GF Score™: 70/100 with 6 warning signs
Industry Position: 3015.4% above the Steel median (#214 of 271)

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

Tokyo Steel Manufacturing Co Business Description

Industry Basic Materials Steel

Comparable Companies TSE:5451 NGO:7485 TSE:5482 TSE:5602 TSE:5440 TSE:5449 TSE:5563 TSE:8065 TSE:8075 TSE:5480 NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL XKRX:005490 RS SHSE:600019 TSE:5401 SHSE:600010

Other Exchanges 5423:Japan

Address Kasumigaseki-Tokyu Bldg 15th Floor, 3-7-1, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 1000013

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

Tokyo Steel Manufacturing Co Ltd is a Japan-based company engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in a broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates the majority of its revenue from the Japanese domestic market.

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.

$9.11

Price

$8.05

GF Value

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