Sato Foods Co (TSE:2923) Dividend Payout Ratio: 0.40 (As of Apr. 2026) — 186% Above Median

What is Sato Foods Co Dividend Payout Ratio?

Sato Foods Co TSE:2923 +0.94% 73 Dividend Payout Ratio is 0.40 as of Apr. 2026, which is 186% above its 10-year median of 0.14. GuruFocus rates TSE:2923 with a GF Score™ of 73/100 and a GF Value™ of 円8,277.69 (Fairly Valued). The stock has 5 warning signs investors should review. Among 996 Consumer Packaged Goods companies, Sato Foods Co ranks better than 87.15% 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. Sato Foods Co's Dividend Payout Ratio for the months ended in Apr. 2026 was 0.40.

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

TSE:2923' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.14 Max: 0.19
Current: 0.15

During the past 13 years, the highest Dividend Payout Ratio of Sato Foods Co was 0.19. The lowest was 0.08. And the median was 0.14.

TSE:2923's Dividend Payout Ratio is ranked better than
87.15% of 996 companies
in the Consumer Packaged Goods industry
Industry Median: 0.43 vs TSE:2923: 0.15

As of today (2026-07-13), the Dividend Yield % of Sato Foods Co is 0.87%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Sato Foods Co was 1.10%. The lowest was 0.36%. And the median was 0.65%.

Sato Foods Co's Dividends per Share for the months ended in Apr. 2026 was 円75.00.

During the past 12 months, Sato Foods Co's average Dividends Per Share Growth Rate was 15.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 16.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 20.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Sato Foods Co was 35.70% per year. The lowest was 0.00% per year. And the median was 12.70% 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.

Sato Foods Co (TSE:2923) 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.

Sato Foods Co Dividend Payout Ratio Related Terms

Sato Foods Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Sato Foods 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.

Sato Foods Co Dividend Payout Ratio Chart

Sato Foods Co Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

Apr26

Dividend Payout Ratio

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0.13

0.15

0.13

0.17

0.15

Sato Foods 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															0.21	0.00	0.26	0.00	0.40

TSE:2923 vs KHC, GIS: Dividend Payout Ratio Comparison

For the Packaged Foods subindustry, Sato Foods 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.

Sato Foods Co Dividend Payout Ratio vs Consumer Packaged Goods Industry

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

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

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73GF Score

Sato Foods Co Ltd TSE:2923

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

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Sato Foods Co Dividend Payout Ratio Calculation

Sato Foods 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 )
	=	75	/	492.788
	=	0.15

Sato Foods 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 )
	=	75	/	188.279
	=	0.40

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.40 mean?

Sato Foods Co (TSE:2923) has a Dividend Payout Ratio of 0.40 as of Apr. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Sato Foods Co and its competitors. This is 186% above median its historical median of 0.14. Over the past decade, Sato Foods Co's Dividend Payout Ratio has ranged from 0.08 to 0.19. According to the industry distribution chart, Sato Foods Co ranks #128 out of 996 companies in the Consumer Packaged Goods industry, placing it in the top 12.9%.

Is Sato Foods Co's Dividend Payout Ratio too high?

Sato Foods Co's current Dividend Payout Ratio of 0.40 is 186% above median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.19. The Consumer Packaged Goods industry median Dividend Payout Ratio is 0.43. Sato Foods Co's value of 0.40 is 7% below this industry median. Based on the distribution chart, Sato Foods Co ranks #128 out of 996 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Sato Foods Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Sato Foods Co's Dividend Payout Ratio compare to KHC and GIS?

According to the Consumer Packaged Goods industry distribution chart, Sato Foods Co ranks #128 out of 996 companies for Dividend Payout Ratio. This places Sato Foods Co in the top 13% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.43. Sato Foods Co's value of 0.40 is 7% below this benchmark. Historically, Sato Foods Co's own Dividend Payout Ratio has ranged from 0.08 to 0.19 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 0.43, Sato Foods 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 0.43, based on 996 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. Sato Foods Co's current Dividend Payout Ratio of 0.40 is 7% 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 Sato Foods Co and its competitors. For the Consumer Packaged Goods industry, the median Dividend Payout Ratio is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sato Foods Co's current Dividend Payout Ratio is 0.40, which is 186% above median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Sato Foods Co stock overvalued right now?

Based on GuruFocus' analysis, Sato Foods Co (TSE:2923) is currently considered Fairly Valued. The stock's GF Value™ is 円8,277.69, compared to a current price of 円8,600.00 — trading 3.9% above its estimated fair value. The current Dividend Payout Ratio is 0.40, which is 186% above median its 10-year median of 0.14 and 7% below the Consumer Packaged Goods industry median of 0.43. Sato Foods Co's overall GF Score™ is 73/100 with 5 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 Sato Foods Co (TSE:2923), the current Dividend Payout Ratio is 0.40 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 Sato Foods Co (TSE:2923) Overvalued in 2026?

Based on GuruFocus' analysis, Sato Foods Co stock appears to be overvalued. The current stock price of 円8,600.00 is trading 3.9% above its estimated GF Value™ of 円8,277.69. GuruFocus considers Sato Foods Co to be Fairly Valued.

Key valuation signals for TSE:2923:

Dividend Payout Ratio: 0.40 (186% above median its 10-year median of 0.14)
GF Value™: 円8,277.69 vs. price of 円8,600.00 (3.9% above fair value)
GF Score™: 73/100 with 5 warning signs
Industry Position: 7% below the Consumer Packaged Goods median (#128 of 996)

No single metric tells the full story. See the TSE:2923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sato Foods Co Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies TSE:2594 TSE:2908 TSE:2669 TSE:1375 TSE:2918 TSE:2910 TSE:2060 TSE:2820 TSE:2831 TSE:2612 XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 NSE:NESTLEIND SHSE:603288 KHC SHSE:600887 GIS SZSE:300999

Address 13-5 Takaramachi, Niigatahigashi-ku, Niigata Prefecture, Niigata, JPN, 950-8730

Website https://www.satosyokuhin.co.jp

Sato Foods Co Ltd is engaged in the production and sales of packed mochi and packed cooked rice in Japan. Its packaged rice cakes include Sato sliced rice-cake crisp and slit, Round rice-cake single pack and Sato Kagami Mochi. Its packed rice products include Sato rice, low-protein rice and others.

73GF Score

Get the complete analysis for TSE:2923

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

円8,600.00

Price

円8,277.69

GF Value

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