Techno Ryowa (TSE:1965) Dividend Payout Ratio: 0.67 (As of Mar. 2026) — 148% Above Median

What is Techno Ryowa Dividend Payout Ratio?

Techno Ryowa TSE:1965 +5.75% 71 Dividend Payout Ratio is 0.67 as of Mar. 2026, which is 148% above its 10-year median of 0.27. GuruFocus rates TSE:1965 with a GF Score™ of 71/100 and a GF Value™ of 円3,266.27 (Significantly Overvalued). Among 860 Construction companies, Techno Ryowa ranks better than 65.58% 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. Techno Ryowa's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.67.

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

TSE:1965' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.27 Max: 0.48
Current: 0.3

During the past 13 years, the highest Dividend Payout Ratio of Techno Ryowa was 0.48. The lowest was 0.15. And the median was 0.27.

TSE:1965's Dividend Payout Ratio is ranked better than
65.58% of 860 companies
in the Construction industry
Industry Median: 0.39 vs TSE:1965: 0.30

As of today (2026-07-06), the Dividend Yield % of Techno Ryowa is 2.88%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Techno Ryowa was 4.55%. The lowest was 1.16%. And the median was 2.80%.

Techno Ryowa's Dividends per Share for the months ended in Mar. 2026 was 円120.00.

During the past 12 months, Techno Ryowa's average Dividends Per Share Growth Rate was 70.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 67.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 43.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 21.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Techno Ryowa was 67.80% per year. The lowest was -9.10% per year. And the median was 13.30% 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.

Techno Ryowa (TSE:1965) 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.

Techno Ryowa Dividend Payout Ratio Related Terms

Techno Ryowa Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Techno Ryowa'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.

Techno Ryowa Dividend Payout Ratio Chart

Techno Ryowa Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.31

0.34

0.24

0.30

Techno Ryowa 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															0.32	0.00	0.37	0.00	0.67

TSE:1965 vs PWR, FIX, EME: Dividend Payout Ratio Comparison

For the Engineering & Construction subindustry, Techno Ryowa'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.

Techno Ryowa Dividend Payout Ratio vs Construction Industry

For the Construction industry and Industrials sector, Techno Ryowa's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Techno Ryowa's Dividend Payout Ratio falls into.

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71GF Score

Techno Ryowa Ltd TSE:1965

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

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Techno Ryowa Dividend Payout Ratio Calculation

Techno Ryowa'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 )
	=	170	/	564.126
	=	0.30

Techno Ryowa'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 )
	=	120	/	177.928
	=	0.67

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.67 mean?

Techno Ryowa (TSE:1965) has a Dividend Payout Ratio of 0.67 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Techno Ryowa and its competitors. This is 148% above median its historical median of 0.27. Over the past decade, Techno Ryowa's Dividend Payout Ratio has ranged from 0.15 to 0.48. According to the industry distribution chart, Techno Ryowa ranks #296 out of 860 companies in the Construction industry, placing it in the top 34.4%.

Is Techno Ryowa's Dividend Payout Ratio too high?

Techno Ryowa's current Dividend Payout Ratio of 0.67 is 148% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.48. The Construction industry median Dividend Payout Ratio is 0.39. Techno Ryowa's value of 0.67 is 71.8% above this industry median. Based on the distribution chart, Techno Ryowa ranks #296 out of 860 companies in the Construction industry, which is above the industry midpoint. Overall, Techno Ryowa has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Techno Ryowa's Dividend Payout Ratio compare to PWR and FIX?

According to the Construction industry distribution chart, Techno Ryowa ranks #296 out of 860 companies for Dividend Payout Ratio. This puts Techno Ryowa in the upper half of its industry. The industry median Dividend Payout Ratio is 0.39. Techno Ryowa's value of 0.67 is 71.8% above this benchmark. Historically, Techno Ryowa's own Dividend Payout Ratio has ranged from 0.15 to 0.48 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.39, Techno Ryowa 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 Construction company?

The median Dividend Payout Ratio among Construction companies is 0.39, based on 860 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. Techno Ryowa's current Dividend Payout Ratio of 0.67 is 71.8% 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 Techno Ryowa and its competitors. For the Construction 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. Techno Ryowa's current Dividend Payout Ratio is 0.67, which is 148% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Techno Ryowa stock overvalued right now?

Based on GuruFocus' analysis, Techno Ryowa (TSE:1965) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,266.27, compared to a current price of 円6,250.00 — trading 91.3% above its estimated fair value. The current Dividend Payout Ratio is 0.67, which is 148% above median its 10-year median of 0.27 and 71.8% above the Construction industry median of 0.39. Techno Ryowa's overall GF Score™ is 71/100. 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 Techno Ryowa (TSE:1965), the current Dividend Payout Ratio is 0.67 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 Techno Ryowa (TSE:1965) Overvalued in 2026?

Based on GuruFocus' analysis, Techno Ryowa stock appears to be overvalued. The current stock price of 円6,250.00 is trading 91.3% above its estimated GF Value™ of 円3,266.27. GuruFocus considers Techno Ryowa to be Significantly Overvalued.

Key valuation signals for TSE:1965:

Dividend Payout Ratio: 0.67 (148% above median its 10-year median of 0.27)
GF Value™: 円3,266.27 vs. price of 円6,250.00 (91.3% above fair value)
GF Score™: 71/100
Industry Position: 71.8% above the Construction median (#296 of 860)

No single metric tells the full story. See the TSE:1965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Techno Ryowa Business Description

Industry Industrials Construction

Comparable Companies TSE:1975 TSE:6330 TSE:9716 TSE:6379 TSE:1762 TSE:5911 TSE:1879 TSE:1720 TSE:1982 TSE:1871 PWR XPAR:DG FIX NSE:LT XKRX:028260 XAMS:FER XTER:HOT XMAD:ACS EME MTZ

Address 2-12-8 Shibadaimon, Minato-Ku, Tokyo, JPN, 170-0005

Website http://www.techno-ryowa.co.jp

Techno Ryowa Ltd is engaged in the design and installation of thermal and air conditioning equipment for factories and office buildings. It designs, construct, and maintain air conditioning equipment; and plumbing and sanitation facilities in Japan.

71GF Score

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

円6,250.00

Price

円3,266.27

GF Value

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