TOPPY (Toppan Holdings) Dividend Payout Ratio: 0.66 (As of Mar. 2026) — 74% Above Median

What is Toppan Holdings Dividend Payout Ratio?

Toppan Holdings TOPPY +4.92% 80 Dividend Payout Ratio is 0.66 as of Mar. 2026, which is 74% above its 10-year median of 0.38. GuruFocus rates TOPPY with a GF Score™ of 80/100 and a GF Value™ of $15.12 (Fairly Valued). The stock has 7 warning signs investors should review. Among 307 Conglomerates companies, Toppan Holdings ranks better than 53.75% 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. Toppan Holdings's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.66.

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

TOPPY' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.38 Max: 1.01
Current: 0.35

During the past 13 years, the highest Dividend Payout Ratio of Toppan Holdings was 1.01. The lowest was 0.31. And the median was 0.38.

TOPPY's Dividend Payout Ratio is ranked better than
53.75% of 307 companies
in the Conglomerates industry
Industry Median: 0.37 vs TOPPY: 0.35

As of today (2026-06-25), the Dividend Yield % of Toppan Holdings is 1.15%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Toppan Holdings was 3.02%. The lowest was 1.01%. And the median was 1.90%.

Toppan Holdings's Dividends per Share for the months ended in Mar. 2026 was $0.10.

During the past 12 months, Toppan Holdings's average Dividends Per Share Growth Rate was 3.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Toppan Holdings was 8.40% per year. The lowest was -6.50% per year. And the median was 3.20% 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.

Toppan Holdings (OTCPK:TOPPY) 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.

Toppan Holdings Dividend Payout Ratio Related Terms

Toppan Holdings Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Toppan 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.

Toppan Holdings Dividend Payout Ratio Chart

Toppan Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.29

0.36

0.34

1.01

0.35

Toppan 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															0.57	0.00	0.67	0.00	0.66

TOPPY vs HON, MMM: Dividend Payout Ratio Comparison

For the Conglomerates subindustry, Toppan 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.

Toppan Holdings Dividend Payout Ratio vs Conglomerates Industry

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

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

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Toppan Holdings Inc TOPPY

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Toppan Holdings Dividend Payout Ratio Calculation

Toppan 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 )
	=	0.18	/	0.517
	=	0.35

Toppan 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 )
	=	0.096	/	0.146
	=	0.66

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.66 mean?

Toppan Holdings (TOPPY) has a Dividend Payout Ratio of 0.66 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Toppan Holdings and its competitors. This is 74% above median its historical median of 0.38. Over the past decade, Toppan Holdings' Dividend Payout Ratio has ranged from 0.31 to 1.01. According to the industry distribution chart, Toppan Holdings ranks #142 out of 307 companies in the Conglomerates industry, placing it in the top 46.3%.

Is Toppan Holdings' Dividend Payout Ratio too high?

Toppan Holdings' current Dividend Payout Ratio of 0.66 is 74% above median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.01. The Conglomerates industry median Dividend Payout Ratio is 0.37. Toppan Holdings' value of 0.66 is 78.4% above this industry median. Based on the distribution chart, Toppan Holdings ranks #142 out of 307 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Toppan Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Toppan Holdings' Dividend Payout Ratio compare to HON and MMM?

According to the Conglomerates industry distribution chart, Toppan Holdings ranks #142 out of 307 companies for Dividend Payout Ratio. This puts Toppan Holdings in the upper half of its industry. The industry median Dividend Payout Ratio is 0.37. Toppan Holdings' value of 0.66 is 78.4% above this benchmark. Historically, Toppan Holdings' own Dividend Payout Ratio has ranged from 0.31 to 1.01 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.37, Toppan Holdings 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 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. Toppan Holdings's current Dividend Payout Ratio of 0.66 is 78.4% 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 Toppan Holdings 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. Toppan Holdings's current Dividend Payout Ratio is 0.66, which is 74% above median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Toppan Holdings stock overvalued right now?

Based on GuruFocus' analysis, Toppan Holdings (TOPPY) is currently considered Fairly Valued. The stock's GF Value™ is $15.12, compared to a current price of $16.00 — trading 5.8% above its estimated fair value. The current Dividend Payout Ratio is 0.66, which is 74% above median its 10-year median of 0.38 and 78.4% above the Conglomerates industry median of 0.37. Toppan Holdings' overall GF Score™ is 80/100 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 Toppan Holdings (TOPPY), the current Dividend Payout Ratio is 0.66 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 Toppan Holdings (TOPPY) Overvalued in 2026?

Based on GuruFocus' analysis, Toppan Holdings stock appears to be overvalued. The current stock price of $16.00 is trading 5.8% above its estimated GF Value™ of $15.12. GuruFocus considers Toppan Holdings to be Fairly Valued.

Key valuation signals for TOPPY:

Dividend Payout Ratio: 0.66 (74% above median its 10-year median of 0.38)
GF Value™: $15.12 vs. price of $16.00 (5.8% above fair value)
GF Score™: 80/100 with 7 warning signs
Industry Position: 78.4% above the Conglomerates median (#142 of 307)

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

Toppan Holdings Business Description

Industry Industrials Conglomerates

Comparable Companies TSE:7912 TSE:2768 TSE:5201 TSE:9042 TSE:9435 TSE:4204 TSE:9024 TSE:9041 TSE:5393 TSE:9142 ADX:IHC HON TSE:6501 TSE:8058 TSE:8031 TSE:8001 MMM TSE:8002 TSE:8053 TSE:5803

Other Exchanges TONPF:USA 7911:Japan TPX:Germany

Address 1-5-1 Taito, Taito-ku, Tokyo, JPN, 110-8560

Website https://www.holdings.toppan.com

Toppan Holdings Inc provides products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (the majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop solutions for customers. Operations and sales are located in Japan.

80GF Score

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$16.00

Price

$15.12

GF Value

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