Asukanet Co (TSE:2438) Dividend Payout Ratio: 0.38 (As of Apr. 2026) — 12% Above Median


TSE:2438 Asukanet Co Ltd TSE:2438
55 GF Score
Price 円379.00
GF Value 円507.39
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Asukanet Co Dividend Payout Ratio?

Asukanet Co TSE:2438 +4.70% 55 Dividend Payout Ratio is 0.38 as of Apr. 2026, which is 12% above its 10-year median of 0.34. GuruFocus rates TSE:2438 with a GF Score™ of 55/100 and a GF Value™ of 円507.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 39 Personal Services companies, Asukanet Co ranks better than 56.41% 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. Asukanet Co's Dividend Payout Ratio for the months ended in Apr. 2026 was 0.38.

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

TSE:2438' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.34   Max: 1.55
Current: 0.35

During the past 13 years, the highest Dividend Payout Ratio of Asukanet Co was 1.55. The lowest was 0.29. And the median was 0.34.

TSE:2438's Dividend Payout Ratio is ranked better than
56.41% of 39 companies
in the Personal Services industry
Industry Median: 0.42 vs TSE:2438: 0.35

As of today (2026-07-11), the Dividend Yield % of Asukanet Co is 1.85%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Asukanet Co was 2.31%. The lowest was 0.41%. And the median was 0.80%.

Asukanet Co's Dividends per Share for the months ended in Apr. 2026 was 円7.00.

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 -0.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -4.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Asukanet Co was 19.00% per year. The lowest was -14.00% per year. And the median was 1.60% 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.

Asukanet Co (TSE:2438) 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.

Asukanet Co Dividend Payout Ratio Related Terms

Asukanet Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Asukanet 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.

Asukanet Co Dividend Payout Ratio Chart

Asukanet Co Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.31 0.39 1.55 0.35

Asukanet Co Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 0.51 0.00 0.77 0.00 0.38

TSE:2438 vs ROL, SCI, FTDR: Dividend Payout Ratio Comparison

For the Personal Services subindustry, Asukanet 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.

Asukanet Co Dividend Payout Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Asukanet Co's Dividend Payout Ratio distribution charts can be found below:

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


TSE:2438
55GF Score
Asukanet Co Ltd TSE:2438
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asukanet 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.

Asukanet Co's Dividend Payout Ratio for the fiscal year that ended in Apr. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Apr. 2026 )/ EPS without NRI (A: Apr. 2026 )
=7/ 19.819
=0.35

Asukanet Co's Dividend Payout Ratio for the quarter that ended in Apr. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Apr. 2026 )/ EPS without NRI (Q: Apr. 2026 )
=7/ 18.291
=0.38

* 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 0.38 mean?
Asukanet Co (TSE:2438) has a Dividend Payout Ratio of 0.38 as of Apr. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Asukanet Co and its competitors. This is 12% above median its historical median of 0.34. Over the past decade, Asukanet Co's Dividend Payout Ratio has ranged from 0.29 to 1.55. According to the industry distribution chart, Asukanet Co ranks #17 out of 39 companies in the Personal Services industry, placing it in the top 43.6%.
Is Asukanet Co's Dividend Payout Ratio too high?
Asukanet Co's current Dividend Payout Ratio of 0.38 is 12% above median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.55. The Personal Services industry median Dividend Payout Ratio is 0.42. Asukanet Co's value of 0.38 is 9.5% below this industry median. Based on the distribution chart, Asukanet Co ranks #17 out of 39 companies in the Personal Services industry, which is above the industry midpoint. Overall, Asukanet Co has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asukanet Co's Dividend Payout Ratio compare to ROL and SCI?
According to the Personal Services industry distribution chart, Asukanet Co ranks #17 out of 39 companies for Dividend Payout Ratio. This puts Asukanet Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.42. Asukanet Co's value of 0.38 is 9.5% below this benchmark. Historically, Asukanet Co's own Dividend Payout Ratio has ranged from 0.29 to 1.55 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.42, Asukanet Co has consistently been below 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 Personal Services company?
The median Dividend Payout Ratio among Personal Services companies is 0.42, based on 39 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. Asukanet Co's current Dividend Payout Ratio of 0.38 is 9.5% below 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 Asukanet Co and its competitors. For the Personal Services industry, the median Dividend Payout Ratio is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asukanet Co's current Dividend Payout Ratio is 0.38, which is 12% above median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asukanet Co stock overvalued right now?
Based on GuruFocus' analysis, Asukanet Co (TSE:2438) is currently considered Modestly Undervalued. The stock's GF Value™ is 円507.39, compared to a current price of 円379.00 — trading 25.3% below its estimated fair value. The current Dividend Payout Ratio is 0.38, which is 12% above median its 10-year median of 0.34 and 9.5% below the Personal Services industry median of 0.42. Asukanet Co's overall GF Score™ is 55/100 with 3 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 Asukanet Co (TSE:2438), the current Dividend Payout Ratio is 0.38 as of Apr. 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 Asukanet Co (TSE:2438) Overvalued in 2026?

Based on GuruFocus' analysis, Asukanet Co stock appears to be undervalued. The current stock price of 円379.00 is trading 25.3% below its estimated GF Value™ of 円507.39. GuruFocus considers Asukanet Co to be Modestly Undervalued.

Key valuation signals for TSE:2438:

  • Dividend Payout Ratio: 0.38 (12% above median its 10-year median of 0.34)
  • GF Value™: 円507.39 vs. price of 円379.00 (25.3% below fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 9.5% below the Personal Services median (#17 of 39)

No single metric tells the full story. See the TSE:2438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Asukanet Co Business Description

Address 3-28-14 Gion, Asaminami-ku, Hiroshima, JPN
Asukanet Co Ltd is engaged in the business of memorial design services which provides digital processing services for portraits of deceased persons, and the provision of funeral-related production services. It is also engaged in the manufacture and sale of individual photo albums. It is also involved in the research and marketing activities related to aerial imaging technology.
55GF Score

Get the complete analysis for TSE:2438

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

円379.00
Price
円507.39
GF Value