Nippon Care Supply Co (TSE:2393) Dividend Payout Ratio: 1.75 (As of Mar. 2026) — 230% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2393 Nippon Care Supply Co Ltd TSE:2393
74 GF Score
Price 円4,295.00
GF Value 円2,385.45
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Nippon Care Supply Co Dividend Payout Ratio?

Nippon Care Supply Co TSE:2393 -1.26% 74 Dividend Payout Ratio is 1.75 as of Mar. 2026, which is 230% above its 10-year median of 0.53. GuruFocus rates TSE:2393 with a GF Score™ of 74/100 and a GF Value™ of 円2,385.45 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 523 Business Services companies, Nippon Care Supply Co ranks worse than 57.93% 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. Nippon Care Supply Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.75.

The historical rank and industry rank for Nippon Care Supply Co's Dividend Payout Ratio or its related term are showing as below:

TSE:2393' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.53   Max: 0.72
Current: 0.5


During the past 13 years, the highest Dividend Payout Ratio of Nippon Care Supply Co was 0.72. The lowest was 0.39. And the median was 0.53.

TSE:2393's Dividend Payout Ratio is ranked worse than
57.93% of 523 companies
in the Business Services industry
Industry Median: 0.44 vs TSE:2393: 0.50

As of today (2026-08-28), the Dividend Yield % of Nippon Care Supply Co is 1.68%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Nippon Care Supply Co was 4.48%. The lowest was 1.60%. And the median was 3.39%.

Nippon Care Supply Co's Dividends per Share for the months ended in Mar. 2026 was 円72.00.

During the past 12 months, Nippon Care Supply Co's average Dividends Per Share Growth Rate was 2.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 0.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nippon Care Supply Co was 39.30% per year. The lowest was -8.20% per year. And the median was 9.15% 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.


Nippon Care Supply Co (TSE:2393) 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.


Nippon Care Supply Co Dividend Payout Ratio Related Terms


Nippon Care Supply Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Care Supply 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.

Nippon Care Supply Co Dividend Payout Ratio Chart

Nippon Care Supply Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.72 0.69 0.61 0.50

Nippon Care Supply 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.03 0.00 0.00 0.00 1.75

TSE:2393 vs URI, SUNB, AER: Dividend Payout Ratio Comparison

For the Rental & Leasing Services subindustry, Nippon Care Supply 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.


Nippon Care Supply Co Dividend Payout Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Nippon Care Supply Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Nippon Care Supply Co's Dividend Payout Ratio falls into.


TSE:2393
74GF Score
Nippon Care Supply Co Ltd TSE:2393
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Care Supply Co Dividend Payout Ratio Calculation

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.

Nippon Care Supply 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 )
=72/ 145.38
=0.50

Nippon Care Supply 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 )
=72/ 41.056
=1.75

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.75 mean?
Nippon Care Supply Co (TSE:2393) has a Dividend Payout Ratio of 1.75 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nippon Care Supply Co and its competitors. This is 230% above median its historical median of 0.53. Over the past decade, Nippon Care Supply Co's Dividend Payout Ratio has ranged from 0.39 to 0.72. According to the industry distribution chart, Nippon Care Supply Co ranks #303 out of 523 companies in the Business Services industry, placing it in the top 57.9%.
Is Nippon Care Supply Co's Dividend Payout Ratio too high?
Nippon Care Supply Co's current Dividend Payout Ratio of 1.75 is 230% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.72. The Business Services industry median Dividend Payout Ratio is 0.44. Nippon Care Supply Co's value of 1.75 is 297.7% above this industry median. Based on the distribution chart, Nippon Care Supply Co ranks #303 out of 523 companies in the Business Services industry, which is below the industry midpoint. Overall, Nippon Care Supply Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Care Supply Co's Dividend Payout Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, Nippon Care Supply Co ranks #303 out of 523 companies for Dividend Payout Ratio. This places Nippon Care Supply Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. Nippon Care Supply Co's value of 1.75 is 297.7% above this benchmark. Historically, Nippon Care Supply Co's own Dividend Payout Ratio has ranged from 0.39 to 0.72 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.44, Nippon Care Supply 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 Business Services company?
The median Dividend Payout Ratio among Business Services companies is 0.44, based on 523 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. Nippon Care Supply Co's current Dividend Payout Ratio of 1.75 is 297.7% 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 Nippon Care Supply Co 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. Nippon Care Supply Co's current Dividend Payout Ratio is 1.75, which is 230% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Care Supply Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Care Supply Co (TSE:2393) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,385.45, compared to a current price of 円4,295.00 — trading 80% above its estimated fair value. The current Dividend Payout Ratio is 1.75, which is 230% above median its 10-year median of 0.53 and 297.7% above the Business Services industry median of 0.44. Nippon Care Supply Co's overall GF Score™ is 74/100 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 Nippon Care Supply Co (TSE:2393), the current Dividend Payout Ratio is 1.75 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 Nippon Care Supply Co (TSE:2393) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Care Supply Co stock appears to be overvalued. The current stock price of 円4,295.00 is trading 80% above its estimated GF Value™ of 円2,385.45. GuruFocus considers Nippon Care Supply Co to be Significantly Overvalued.

Key valuation signals for TSE:2393:

  • Dividend Payout Ratio: 1.75 (230% above median its 10-year median of 0.53)
  • GF Value™: 円2,385.45 vs. price of 円4,295.00 (80% above fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 297.7% above the Business Services median (#303 of 523)

No single metric tells the full story. See the TSE:2393 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Care Supply Co Business Description

Address 1st to 30th Shiba Daimon Shiba Daimon, Shiba NBF Tower 9th floor, Minato-ku, Tokyo, JPN, 105-0012
Nippon Care Supply Co Ltd is engaged in the business of rental wholesale and sale of welfare equipment in Japan. It rents and sells welfare equipment, such as electric beds, wheelchairs, and bathing assistance tools.
74GF Score

Get the complete analysis for TSE:2393

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

円4,295.00
Price
円2,385.45
GF Value