Ichikawa Co (TSE:3513) Dividend Payout Ratio: 1.22 (As of Mar. 2026) — 97% Above Median


TSE:3513 Ichikawa Co Ltd TSE:3513
49 GF Score
Price 円3,560.00
GF Value 円1,959.56
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Ichikawa Co Dividend Payout Ratio?

Ichikawa Co TSE:3513 -1.11% 49 Dividend Payout Ratio is 1.22 as of Mar. 2026, which is 97% above its 10-year median of 0.62. GuruFocus rates TSE:3513 with a GF Score™ of 49/100 and a GF Value™ of 円1,959.56 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 116 Forest Products companies, Ichikawa Co ranks better than 65.52% 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. Ichikawa Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.22.

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

TSE:3513' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.62   Max: 1.21
Current: 0.29

During the past 13 years, the highest Dividend Payout Ratio of Ichikawa Co was 1.21. The lowest was 0.29. And the median was 0.62.

TSE:3513's Dividend Payout Ratio is ranked better than
65.52% of 116 companies
in the Forest Products industry
Industry Median: 0.405 vs TSE:3513: 0.29

As of today (2026-07-07), the Dividend Yield % of Ichikawa Co is 2.53%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Ichikawa Co was 5.48%. The lowest was 1.97%. And the median was 4.31%.

Ichikawa Co's Dividends per Share for the months ended in Mar. 2026 was 円50.00.

During the past 12 months, Ichikawa Co's average Dividends Per Share Growth Rate was 12.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Ichikawa Co was 26.00% per year. The lowest was -3.90% per year. And the median was 6.30% 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.

Ichikawa Co (TSE:3513) 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.

Ichikawa Co Dividend Payout Ratio Related Terms

Ichikawa Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Ichikawa 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.

Ichikawa Co Dividend Payout Ratio Chart

Ichikawa 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 0.50 0.38 0.29 0.44 0.29

Ichikawa Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 2.60 0.00 0.44 0.00 1.22

Ichikawa Co Dividend Payout Ratio Competitor Comparison

For the Paper & Paper Products subindustry, Ichikawa 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.

Ichikawa Co Dividend Payout Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Ichikawa Co's Dividend Payout Ratio distribution charts can be found below:

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


TSE:3513
49GF Score
Ichikawa Co Ltd TSE:3513
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichikawa 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.

Ichikawa 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/ 307.85
=0.29

Ichikawa 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 )
=50/ 41.165
=1.21

* 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 1.22 mean?
Ichikawa Co (TSE:3513) has a Dividend Payout Ratio of 1.22 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Ichikawa Co and its competitors. This is 97% above median its historical median of 0.62. Over the past decade, Ichikawa Co's Dividend Payout Ratio has ranged from 0.29 to 1.21. According to the industry distribution chart, Ichikawa Co ranks #40 out of 116 companies in the Forest Products industry, placing it in the top 34.5%.
Is Ichikawa Co's Dividend Payout Ratio too high?
Ichikawa Co's current Dividend Payout Ratio of 1.22 is 97% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.21. The Forest Products industry median Dividend Payout Ratio is 0.41. Ichikawa Co's value of 1.22 is 201.2% above this industry median. Based on the distribution chart, Ichikawa Co ranks #40 out of 116 companies in the Forest Products industry, which is above the industry midpoint. Overall, Ichikawa Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichikawa Co's Dividend Payout Ratio compare to competitors?
According to the Forest Products industry distribution chart, Ichikawa Co ranks #40 out of 116 companies for Dividend Payout Ratio. This puts Ichikawa Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.41. Ichikawa Co's value of 1.22 is 201.2% above this benchmark. Historically, Ichikawa Co's own Dividend Payout Ratio has ranged from 0.29 to 1.21 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.41, Ichikawa 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 Forest Products company?
The median Dividend Payout Ratio among Forest Products companies is 0.41, based on 116 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. Ichikawa Co's current Dividend Payout Ratio of 1.22 is 201.2% 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 Ichikawa Co and its competitors. For the Forest Products industry, the median Dividend Payout Ratio is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichikawa Co's current Dividend Payout Ratio is 1.22, which is 97% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichikawa Co stock overvalued right now?
Based on GuruFocus' analysis, Ichikawa Co (TSE:3513) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,959.56, compared to a current price of 円3,560.00 — trading 81.7% above its estimated fair value. The current Dividend Payout Ratio is 1.22, which is 97% above median its 10-year median of 0.62 and 201.2% above the Forest Products industry median of 0.41. Ichikawa Co's overall GF Score™ is 49/100 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 Ichikawa Co (TSE:3513), the current Dividend Payout Ratio is 1.22 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 Ichikawa Co (TSE:3513) Overvalued in 2026?

Based on GuruFocus' analysis, Ichikawa Co stock appears to be overvalued. The current stock price of 円3,560.00 is trading 81.7% above its estimated GF Value™ of 円1,959.56. GuruFocus considers Ichikawa Co to be Significantly Overvalued.

Key valuation signals for TSE:3513:

  • Dividend Payout Ratio: 1.22 (97% above median its 10-year median of 0.62)
  • GF Value™: 円1,959.56 vs. price of 円3,560.00 (81.7% above fair value)
  • GF Score™: 49/100 with 1 warning sign
  • Industry Position: 201.2% above the Forest Products median (#40 of 116)

No single metric tells the full story. See the TSE:3513 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ichikawa Co Business Description

Address 2-14-15 Hongo, Bunkyo-ku, Hongo 2, Tokyo, JPN, 113-8442
Ichikawa Co Ltd is engaged in the manufacture and distribution of papermaking felts, papermaking belts, felts for slate and industrial felts in Japan. It offers papermaking press felts and belts, and shoe press and transfer belts; industrial products, such as heat-resistant conveyance equipment and cushioning material for use in the manufacture of car bodies, aluminum parts, and others.
49GF Score

Get the complete analysis for TSE:3513

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

円3,560.00
Price
円1,959.56
GF Value