Densan Co (TSE:3640) Dividend Payout Ratio: 0.11 (As of Mar. 2026) — 50% Below Median

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TSE:3640 Densan Co Ltd TSE:3640
69 GF Score
Price 円2,360.00
GF Value 円2,525.98
Valuation Fairly Valued
View Full Analysis

What is Densan Co Dividend Payout Ratio?

Densan Co TSE:3640 -0.34% 69 Dividend Payout Ratio is 0.11 as of Mar. 2026, which is 50% below its 10-year median of 0.22. GuruFocus rates TSE:3640 with a GF Score™ of 69/100 and a GF Value™ of 円2,525.98 (Fairly Valued). Among 453 Semiconductors companies, Densan Co ranks better than 88.96% 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. Densan Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.11.

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

TSE:3640' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.22   Max: 0.77
Current: 0.1

During the past 13 years, the highest Dividend Payout Ratio of Densan Co was 0.77. The lowest was 0.10. And the median was 0.22.

TSE:3640's Dividend Payout Ratio is ranked better than
88.96% of 453 companies
in the Semiconductors industry
Industry Median: 0.39 vs TSE:3640: 0.10

As of today (2026-07-14), the Dividend Yield % of Densan Co is 3.39%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Densan Co was 3.58%. The lowest was 0.98%. And the median was 1.61%.

Densan Co's Dividends per Share for the months ended in Mar. 2026 was 円63.00.

During the past 12 months, Densan Co's average Dividends Per Share Growth Rate was 116.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 21.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Densan Co was 23.00% per year. The lowest was 0.00% per year. And the median was 1.70% 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.

Densan Co (TSE:3640) 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.

Densan Co Dividend Payout Ratio Related Terms

Densan Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Densan 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.

Densan Co Dividend Payout Ratio Chart

Densan 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 0.20 0.12 0.22 0.12 0.10

Densan 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 0.13 0.44 0.07 0.08 0.11

TSE:3640 vs NVDA, AVGO, MU: Dividend Payout Ratio Comparison

For the Semiconductors subindustry, Densan 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.

Densan Co Dividend Payout Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Densan Co's Dividend Payout Ratio distribution charts can be found below:

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


TSE:3640
69GF Score
Densan Co Ltd TSE:3640
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Densan 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.

Densan 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 )
=80/ 792.453
=0.10

Densan 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 )
=63/ 589.948
=0.11

* 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 0.11 mean?
Densan Co (TSE:3640) has a Dividend Payout Ratio of 0.11 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Densan Co and its competitors. This is 50% below median its historical median of 0.22. Over the past decade, Densan Co's Dividend Payout Ratio has ranged from 0.10 to 0.77. According to the industry distribution chart, Densan Co ranks #50 out of 453 companies in the Semiconductors industry, placing it in the top 11%.
Is Densan Co's Dividend Payout Ratio too high?
Densan Co's current Dividend Payout Ratio of 0.11 is 50% below median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.77. The Semiconductors industry median Dividend Payout Ratio is 0.39. Densan Co's value of 0.11 is 71.8% below this industry median. Based on the distribution chart, Densan Co ranks #50 out of 453 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Densan Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Densan Co's Dividend Payout Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Densan Co ranks #50 out of 453 companies for Dividend Payout Ratio. This places Densan Co in the top 11% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.39. Densan Co's value of 0.11 is 71.8% below this benchmark. Historically, Densan Co's own Dividend Payout Ratio has ranged from 0.10 to 0.77 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.39, Densan 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 Semiconductors company?
The median Dividend Payout Ratio among Semiconductors companies is 0.39, based on 453 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. Densan Co's current Dividend Payout Ratio of 0.11 is 71.8% 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 Densan Co and its competitors. For the Semiconductors industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Densan Co's current Dividend Payout Ratio is 0.11, which is 50% below 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 Densan Co stock overvalued right now?
Based on GuruFocus' analysis, Densan Co (TSE:3640) is currently considered Fairly Valued. The stock's GF Value™ is 円2,525.98, compared to a current price of 円2,360.00 — trading 6.6% below its estimated fair value. The current Dividend Payout Ratio is 0.11, which is 50% below median its 10-year median of 0.22 and 71.8% below the Semiconductors industry median of 0.39. Densan 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 Densan Co (TSE:3640), the current Dividend Payout Ratio is 0.11 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 Densan Co (TSE:3640) Overvalued in 2026?

Based on GuruFocus' analysis, Densan Co stock appears to be undervalued. The current stock price of 円2,360.00 is trading 6.6% below its estimated GF Value™ of 円2,525.98. GuruFocus considers Densan Co to be Fairly Valued.

Key valuation signals for TSE:3640:

  • Dividend Payout Ratio: 0.11 (50% below median its 10-year median of 0.22)
  • GF Value™: 円2,525.98 vs. price of 円2,360.00 (6.6% below fair value)
  • GF Score™: 69/100
  • Industry Position: 71.8% below the Semiconductors median (#50 of 453)

No single metric tells the full story. See the TSE:3640 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Densan Co Business Description

Address 276-6 Tsuruga Nanase Nakamachi, Nagano Prefecture, Nagano, JPN, 380-0904
Densan Co Ltd is engaged in the development and provision of information systems and related services. Its reporting segments include the Public Sector and the Industrial Sector. In the Public Sector, it serves local governments and related organizations by developing, selling, and supporting package systems, as well as offering equipment sales and information processing services. The Industrial Sector focuses on private enterprises and medical and welfare institutions, offering software development, equipment sales, and various information services. It also includes internet connectivity services for general consumers. It generates the majority of its revenue from the Public Sector segment.
69GF Score

Get the complete analysis for TSE:3640

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

円2,360.00
Price
円2,525.98
GF Value