Hard Off Co (TSE:2674) Dividend Payout Ratio: 0.76 (As of Mar. 2026) — 46% Above Median

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Hard Off Corporation Co Ltd TSE:2674

76 GF Score

Price 円2,659.00

GF Value 円2,362.36

Valuation Modestly Overvalued

7 Warning Signs

View Full Analysis

What is Hard Off Co Dividend Payout Ratio?

Hard Off Co TSE:2674 -1.26% 76 Dividend Payout Ratio is 0.76 as of Mar. 2026, which is 46% above its 10-year median of 0.52. GuruFocus rates TSE:2674 with a GF Score™ of 76/100 and a GF Value™ of 円2,362.36 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 505 Retail - Cyclical companies, Hard Off Co ranks worse than 55.05% 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. Hard Off Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.76.

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

TSE:2674' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.52 Max: 1.05
Current: 0.47

During the past 13 years, the highest Dividend Payout Ratio of Hard Off Co was 1.05. The lowest was 0.45. And the median was 0.52.

TSE:2674's Dividend Payout Ratio is ranked worse than
55.05% of 505 companies
in the Retail - Cyclical industry
Industry Median: 0.42 vs TSE:2674: 0.47

As of today (2026-07-13), the Dividend Yield % of Hard Off Co is 2.90%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Hard Off Co was 6.75%. The lowest was 2.50%. And the median was 4.13%.

Hard Off Co's Dividends per Share for the months ended in Mar. 2026 was 円85.00.

During the past 12 months, Hard Off Co's average Dividends Per Share Growth Rate was 9.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 12.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 22.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Hard Off Co was 30.60% per year. The lowest was -4.40% per year. And the median was 11.20% 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.

Hard Off Co (TSE:2674) 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.

Hard Off Co Dividend Payout Ratio Related Terms

Hard Off Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Hard Off 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.

Hard Off Co Dividend Payout Ratio Chart

Hard Off Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.45

0.49

0.45

0.47

Hard Off Co Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.76	0.00	0.79	0.00	0.76

TSE:2674 vs CASY, WSM, DKS: Dividend Payout Ratio Comparison

For the Specialty Retail subindustry, Hard Off 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.

Hard Off Co Dividend Payout Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hard Off Co's Dividend Payout Ratio distribution charts can be found below:

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

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76GF Score

Hard Off Corporation Co Ltd TSE:2674

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

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Hard Off Co Dividend Payout Ratio Calculation

Hard Off 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 )
	=	85	/	179.486
	=	0.47

Hard Off 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 )
	=	85	/	111.673
	=	0.76

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.76 mean?

Hard Off Co (TSE:2674) has a Dividend Payout Ratio of 0.76 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hard Off Co and its competitors. This is 46% above median its historical median of 0.52. Over the past decade, Hard Off Co's Dividend Payout Ratio has ranged from 0.45 to 1.05. According to the industry distribution chart, Hard Off Co ranks #278 out of 505 companies in the Retail - Cyclical industry, placing it in the top 55%.

Is Hard Off Co's Dividend Payout Ratio too high?

Hard Off Co's current Dividend Payout Ratio of 0.76 is 46% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.05. The Retail - Cyclical industry median Dividend Payout Ratio is 0.42. Hard Off Co's value of 0.76 is 81% above this industry median. Based on the distribution chart, Hard Off Co ranks #278 out of 505 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Hard Off Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Hard Off Co's Dividend Payout Ratio compare to CASY and WSM?

According to the Retail - Cyclical industry distribution chart, Hard Off Co ranks #278 out of 505 companies for Dividend Payout Ratio. This places Hard Off Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.42. Hard Off Co's value of 0.76 is 81% above this benchmark. Historically, Hard Off Co's own Dividend Payout Ratio has ranged from 0.45 to 1.05 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 0.42, Hard Off 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 Retail - Cyclical company?

The median Dividend Payout Ratio among Retail - Cyclical companies is 0.42, based on 505 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. Hard Off Co's current Dividend Payout Ratio of 0.76 is 81% 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 Hard Off Co and its competitors. For the Retail - Cyclical 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. Hard Off Co's current Dividend Payout Ratio is 0.76, which is 46% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hard Off Co stock overvalued right now?

Based on GuruFocus' analysis, Hard Off Co (TSE:2674) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,362.36, compared to a current price of 円2,659.00 — trading 12.6% above its estimated fair value. The current Dividend Payout Ratio is 0.76, which is 46% above median its 10-year median of 0.52 and 81% above the Retail - Cyclical industry median of 0.42. Hard Off Co's overall GF Score™ is 76/100 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 Hard Off Co (TSE:2674), the current Dividend Payout Ratio is 0.76 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 Hard Off Co (TSE:2674) Overvalued in 2026?

Based on GuruFocus' analysis, Hard Off Co stock appears to be overvalued. The current stock price of 円2,659.00 is trading 12.6% above its estimated GF Value™ of 円2,362.36. GuruFocus considers Hard Off Co to be Modestly Overvalued.

Key valuation signals for TSE:2674:

Dividend Payout Ratio: 0.76 (46% above median its 10-year median of 0.52)
GF Value™: 円2,362.36 vs. price of 円2,659.00 (12.6% above fair value)
GF Score™: 76/100 with 7 warning signs
Industry Position: 81% above the Retail - Cyclical median (#278 of 505)

No single metric tells the full story. See the TSE:2674 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hard Off Co Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies TSE:3660 TSE:9278 TSE:3333 TSE:9441 TSE:3159 TSE:4931 TSE:9270 TSE:8281 TSE:2751 TSE:3093 TSX:ATD CASY WSM DKS ULTA BBY TSCO SHSE:601888 ADX:ADNOCDIST TPE:3045

Address 3-1-13 Shin-Eicho, Shibata-shi, Niigata, JPN, 957-0063

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

Hard Off Corporation Co Ltd is a Japan-based company engaged in the reuse business. Its business activities include the purchase of used and unnecessary items from the customers, carry out repair, maintenance, inspection, and cleaning and sell to the customers. Products offered by the Hard Off Corporation include a personal computer, musical instruments, furniture, clothing for men; women; and children, trading cards, game, plastic model, toy, car supplies, bags and accessories, books, wine, champagne, beer, sake and shochu.

76GF Score

Get the complete analysis for TSE:2674

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

円2,659.00

Price

円2,362.36

GF Value

View TSE:2674 Analysis

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