Meiji Electric Industries Co (TSE:3388) Dividend Payout Ratio: 0.38 (As of Mar. 2026) — 23% 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:3388 Meiji Electric Industries Co Ltd TSE:3388
69 GF Score
Price 円2,205.00
GF Value 円1,592.09
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Meiji Electric Industries Co Dividend Payout Ratio?

Meiji Electric Industries Co TSE:3388 +2.18% 69 Dividend Payout Ratio is 0.38 as of Mar. 2026, which is 23% above its 10-year median of 0.31. GuruFocus rates TSE:3388 with a GF Score™ of 69/100 and a GF Value™ of 円1,592.09 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,212 Hardware companies, Meiji Electric Industries Co ranks better than 58.17% 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. Meiji Electric Industries Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.38.

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

TSE:3388' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.31   Max: 0.4
Current: 0.4

During the past 13 years, the highest Dividend Payout Ratio of Meiji Electric Industries Co was 0.40. The lowest was 0.23. And the median was 0.31.

TSE:3388's Dividend Payout Ratio is ranked better than
58.17% of 1212 companies
in the Hardware industry
Industry Median: 0.47 vs TSE:3388: 0.40

As of today (2026-07-14), the Dividend Yield % of Meiji Electric Industries Co is 4.08%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Meiji Electric Industries Co was 7.21%. The lowest was 1.82%. And the median was 3.64%.

Meiji Electric Industries Co's Dividends per Share for the months ended in Mar. 2026 was 円46.00.

During the past 12 months, Meiji Electric Industries Co's average Dividends Per Share Growth Rate was 50.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 20.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 19.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Meiji Electric Industries Co was 47.40% per year. The lowest was -20.60% per year. And the median was 14.50% 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.

Meiji Electric Industries Co (TSE:3388) 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.

Meiji Electric Industries Co Dividend Payout Ratio Related Terms

Meiji Electric Industries Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Meiji Electric Industries 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.

Meiji Electric Industries Co Dividend Payout Ratio Chart

Meiji Electric Industries 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 0.32 0.31 0.32 0.31 0.40

Meiji Electric Industries 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 0.36 0.60 0.21 0.43 0.38

TSE:3388 vs COHR, KEYS, GRMN: Dividend Payout Ratio Comparison

For the Scientific & Technical Instruments subindustry, Meiji Electric Industries 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.

Meiji Electric Industries Co Dividend Payout Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Meiji Electric Industries Co's Dividend Payout Ratio distribution charts can be found below:

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


TSE:3388
69GF Score
Meiji Electric Industries Co Ltd TSE:3388
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meiji Electric Industries 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.

Meiji Electric Industries 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 )
=90/ 223.747
=0.40

Meiji Electric Industries 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 )
=46/ 121.957
=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?
Meiji Electric Industries Co (TSE:3388) has a Dividend Payout Ratio of 0.38 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Meiji Electric Industries Co and its competitors. This is 23% above median its historical median of 0.31. Over the past decade, Meiji Electric Industries Co's Dividend Payout Ratio has ranged from 0.23 to 0.40. According to the industry distribution chart, Meiji Electric Industries Co ranks #507 out of 1212 companies in the Hardware industry, placing it in the top 41.8%.
Is Meiji Electric Industries Co's Dividend Payout Ratio too high?
Meiji Electric Industries Co's current Dividend Payout Ratio of 0.38 is 23% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.40. The Hardware industry median Dividend Payout Ratio is 0.47. Meiji Electric Industries Co's value of 0.38 is 19.1% below this industry median. Based on the distribution chart, Meiji Electric Industries Co ranks #507 out of 1212 companies in the Hardware industry, which is above the industry midpoint. Overall, Meiji Electric Industries 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 Meiji Electric Industries Co's Dividend Payout Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Meiji Electric Industries Co ranks #507 out of 1212 companies for Dividend Payout Ratio. This puts Meiji Electric Industries Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.47. Meiji Electric Industries Co's value of 0.38 is 19.1% below this benchmark. Historically, Meiji Electric Industries Co's own Dividend Payout Ratio has ranged from 0.23 to 0.40 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.47, Meiji Electric Industries 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 Hardware company?
The median Dividend Payout Ratio among Hardware companies is 0.47, based on 1,212 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. Meiji Electric Industries Co's current Dividend Payout Ratio of 0.38 is 19.1% 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 Meiji Electric Industries Co and its competitors. For the Hardware industry, the median Dividend Payout Ratio is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiji Electric Industries Co's current Dividend Payout Ratio is 0.38, which is 23% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Electric Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Electric Industries Co (TSE:3388) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,592.09, compared to a current price of 円2,205.00 — trading 38.5% above its estimated fair value. The current Dividend Payout Ratio is 0.38, which is 23% above median its 10-year median of 0.31 and 19.1% below the Hardware industry median of 0.47. Meiji Electric Industries Co's overall GF Score™ is 69/100 with 1 warning sign 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 Meiji Electric Industries Co (TSE:3388), the current Dividend Payout Ratio is 0.38 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 Meiji Electric Industries Co (TSE:3388) Overvalued in 2026?

Based on GuruFocus' analysis, Meiji Electric Industries Co stock appears to be overvalued. The current stock price of 円2,205.00 is trading 38.5% above its estimated GF Value™ of 円1,592.09. GuruFocus considers Meiji Electric Industries Co to be Significantly Overvalued.

Key valuation signals for TSE:3388:

  • Dividend Payout Ratio: 0.38 (23% above median its 10-year median of 0.31)
  • GF Value™: 円1,592.09 vs. price of 円2,205.00 (38.5% above fair value)
  • GF Score™: 69/100 with 1 warning sign
  • Industry Position: 19.1% below the Hardware median (#507 of 1212)

No single metric tells the full story. See the TSE:3388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Meiji Electric Industries Co Business Description

Address 2-13-8 Kamejima, Nakamura-ku, Aichi, Nagoya, JPN
Meiji Electric Industries Co Ltd is a distributor of factory automation components. It also sells functional parts for electric equipment and automatic power saving electrical appliances and instruments.
69GF Score

Get the complete analysis for TSE:3388

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

円2,205.00
Price
円1,592.09
GF Value