Shinobu Foods Products Co (TSE:2903) Dividend Payout Ratio: 0.28 (As of Mar. 2026) — 27% 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:2903 Shinobu Foods Products Co Ltd TSE:2903
69 GF Score
Price 円1,683.00
GF Value 円1,268.11
Valuation Significantly Overvalued
View Full Analysis

What is Shinobu Foods Products Co Dividend Payout Ratio?

Shinobu Foods Products Co TSE:2903 +0.18% 69 Dividend Payout Ratio is 0.28 as of Mar. 2026, which is 27% above its 10-year median of 0.22. GuruFocus rates TSE:2903 with a GF Score™ of 69/100 and a GF Value™ of 円1,268.11 (Significantly Overvalued). Among 995 Consumer Packaged Goods companies, Shinobu Foods Products Co ranks better than 81.11% 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. Shinobu Foods Products Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.28.

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

TSE:2903' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.22   Max: 0.29
Current: 0.21

During the past 13 years, the highest Dividend Payout Ratio of Shinobu Foods Products Co was 0.29. The lowest was 0.18. And the median was 0.22.

TSE:2903's Dividend Payout Ratio is ranked better than
81.11% of 995 companies
in the Consumer Packaged Goods industry
Industry Median: 0.44 vs TSE:2903: 0.21

As of today (2026-07-23), the Dividend Yield % of Shinobu Foods Products Co is 1.90%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Shinobu Foods Products Co was 3.16%. The lowest was 1.32%. And the median was 2.36%.

Shinobu Foods Products Co's Dividends per Share for the months ended in Mar. 2026 was 円17.00.

During the past 12 months, Shinobu Foods Products Co's average Dividends Per Share Growth Rate was 18.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 15.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 14.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Shinobu Foods Products Co was 39.50% per year. The lowest was 2.00% per year. And the median was 9.45% 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.

Shinobu Foods Products Co (TSE:2903) 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.

Shinobu Foods Products Co Dividend Payout Ratio Related Terms

Shinobu Foods Products Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Shinobu Foods Products 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.

Shinobu Foods Products Co Dividend Payout Ratio Chart

Shinobu Foods Products 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 0.19 0.22 0.18 0.19 0.21

Shinobu Foods Products 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 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 0.23 0.16 0.22 0.17 0.28

TSE:2903 vs KHC, GIS: Dividend Payout Ratio Comparison

For the Packaged Foods subindustry, Shinobu Foods Products 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.

Shinobu Foods Products Co Dividend Payout Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shinobu Foods Products Co's Dividend Payout Ratio distribution charts can be found below:

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


TSE:2903
69GF Score
Shinobu Foods Products Co Ltd TSE:2903
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinobu Foods Products 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.

Shinobu Foods Products 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 )
=32/ 151.569
=0.21

Shinobu Foods Products 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 )
=17/ 60.309
=0.28

* 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 0.28 mean?
Shinobu Foods Products Co (TSE:2903) has a Dividend Payout Ratio of 0.28 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Shinobu Foods Products Co and its competitors. This is 27% above median its historical median of 0.22. Over the past decade, Shinobu Foods Products Co's Dividend Payout Ratio has ranged from 0.18 to 0.29. According to the industry distribution chart, Shinobu Foods Products Co ranks #188 out of 995 companies in the Consumer Packaged Goods industry, placing it in the top 18.9%.
Is Shinobu Foods Products Co's Dividend Payout Ratio too high?
Shinobu Foods Products Co's current Dividend Payout Ratio of 0.28 is 27% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.29. The Consumer Packaged Goods industry median Dividend Payout Ratio is 0.44. Shinobu Foods Products Co's value of 0.28 is 36.4% below this industry median. Based on the distribution chart, Shinobu Foods Products Co ranks #188 out of 995 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Shinobu Foods Products Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinobu Foods Products Co's Dividend Payout Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Shinobu Foods Products Co ranks #188 out of 995 companies for Dividend Payout Ratio. This places Shinobu Foods Products Co in the top 19% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.44. Shinobu Foods Products Co's value of 0.28 is 36.4% below this benchmark. Historically, Shinobu Foods Products Co's own Dividend Payout Ratio has ranged from 0.18 to 0.29 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.44, Shinobu Foods Products 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 Consumer Packaged Goods company?
The median Dividend Payout Ratio among Consumer Packaged Goods companies is 0.44, based on 995 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. Shinobu Foods Products Co's current Dividend Payout Ratio of 0.28 is 36.4% 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 Shinobu Foods Products Co and its competitors. For the Consumer Packaged Goods 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. Shinobu Foods Products Co's current Dividend Payout Ratio is 0.28, which is 27% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinobu Foods Products Co stock overvalued right now?
Based on GuruFocus' analysis, Shinobu Foods Products Co (TSE:2903) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,268.11, compared to a current price of 円1,683.00 — trading 32.7% above its estimated fair value. The current Dividend Payout Ratio is 0.28, which is 27% above median its 10-year median of 0.22 and 36.4% below the Consumer Packaged Goods industry median of 0.44. Shinobu Foods Products Co's overall GF Score™ is 69/100. 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 Shinobu Foods Products Co (TSE:2903), the current Dividend Payout Ratio is 0.28 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 Shinobu Foods Products Co (TSE:2903) Overvalued in 2026?

Based on GuruFocus' analysis, Shinobu Foods Products Co stock appears to be overvalued. The current stock price of 円1,683.00 is trading 32.7% above its estimated GF Value™ of 円1,268.11. GuruFocus considers Shinobu Foods Products Co to be Significantly Overvalued.

Key valuation signals for TSE:2903:

  • Dividend Payout Ratio: 0.28 (27% above median its 10-year median of 0.22)
  • GF Value™: 円1,268.11 vs. price of 円1,683.00 (32.7% above fair value)
  • GF Score™: 69/100
  • Industry Position: 36.4% below the Consumer Packaged Goods median (#188 of 995)

No single metric tells the full story. See the TSE:2903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shinobu Foods Products Co Business Description

Address 2-3-18 Takeshima, Nishiyodogawa Ward, Osaka, JPN
Shinobu Foods Products Co Ltd is a Japanese food company. It offers processed food products. The product portfolio of the company includes Onigiri Q, Mckee bar, rice ball onigiri, fluffy rice ball, cabbage dinner meal box and others.
69GF Score

Get the complete analysis for TSE:2903

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

円1,683.00
Price
円1,268.11
GF Value