Encourage Technologies Co (TSE:3682) Dividend Payout Ratio: 1.49 (As of Mar. 2026) — 133% Above Median

What is Encourage Technologies Co Dividend Payout Ratio?

Encourage Technologies Co TSE:3682 75 Dividend Payout Ratio is 1.49 as of Mar. 2026, which is 133% above its 10-year median of 0.64. GuruFocus rates TSE:3682 with a GF Score™ of 75/100 and a GF Value™ of 円640.96 (Fairly Valued). The stock has 4 warning signs investors should review. Among 870 Software companies, Encourage Technologies Co ranks worse than 80.34% 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. Encourage Technologies Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.49.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Encourage Technologies Co Ltd is 0.81, which seems too high.

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

TSE:3682' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.64 Max: 0.99
Current: 0.81

During the past 13 years, the highest Dividend Payout Ratio of Encourage Technologies Co was 0.99. The lowest was 0.24. And the median was 0.64.

TSE:3682's Dividend Payout Ratio is ranked worse than
80.34% of 870 companies
in the Software industry
Industry Median: 0.405 vs TSE:3682: 0.81

As of today (2026-07-11), the Dividend Yield % of Encourage Technologies Co is 4.33%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Encourage Technologies Co was 4.51%. The lowest was 0.69%. And the median was 2.83%.

Encourage Technologies Co's Dividends per Share for the months ended in Mar. 2026 was 円26.00.

During the past 12 months, Encourage Technologies Co's average Dividends Per Share Growth Rate was 4.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 13.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Encourage Technologies Co was 18.60% per year. The lowest was 0.00% per year. And the median was 10.60% 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.

Encourage Technologies Co (TSE:3682) 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.

Encourage Technologies Co Dividend Payout Ratio Related Terms

Encourage Technologies Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Encourage Technologies 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.

Encourage Technologies Co Dividend Payout Ratio Chart

Encourage Technologies Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

Get a 7-Day Free Trial

0.48

0.67

0.61

0.76

0.81

Encourage Technologies 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															1.03	0.00	1.11	0.00	1.49

TSE:3682 vs IBM, ACN, FISV: Dividend Payout Ratio Comparison

For the Information Technology Services subindustry, Encourage Technologies 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.

Encourage Technologies Co Dividend Payout Ratio vs Software Industry

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

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

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75GF Score

Encourage Technologies Co Ltd TSE:3682

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

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Encourage Technologies Co Dividend Payout Ratio Calculation

Encourage Technologies 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 )
	=	26	/	31.94
	=	0.81

Encourage Technologies 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 )
	=	26	/	17.43
	=	1.49

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.49 mean?

Encourage Technologies Co (TSE:3682) has a Dividend Payout Ratio of 1.49 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Encourage Technologies Co and its competitors. This is 133% above median its historical median of 0.64. Over the past decade, Encourage Technologies Co's Dividend Payout Ratio has ranged from 0.24 to 0.99. According to the industry distribution chart, Encourage Technologies Co ranks #699 out of 870 companies in the Software industry, placing it in the top 80.3%.

Is Encourage Technologies Co's Dividend Payout Ratio too high?

Encourage Technologies Co's current Dividend Payout Ratio of 1.49 is 133% above median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.99. The Software industry median Dividend Payout Ratio is 0.41. Encourage Technologies Co's value of 1.49 is 267.9% above this industry median. Based on the distribution chart, Encourage Technologies Co ranks #699 out of 870 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Encourage Technologies Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Encourage Technologies Co's Dividend Payout Ratio compare to IBM and ACN?

According to the Software industry distribution chart, Encourage Technologies Co ranks #699 out of 870 companies for Dividend Payout Ratio. This places Encourage Technologies Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.41. Encourage Technologies Co's value of 1.49 is 267.9% above this benchmark. Historically, Encourage Technologies Co's own Dividend Payout Ratio has ranged from 0.24 to 0.99 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.41, Encourage Technologies 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 Software company?

The median Dividend Payout Ratio among Software companies is 0.41, based on 870 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. Encourage Technologies Co's current Dividend Payout Ratio of 1.49 is 267.9% 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 Encourage Technologies Co and its competitors. For the Software 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. Encourage Technologies Co's current Dividend Payout Ratio is 1.49, which is 133% above median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Encourage Technologies Co stock overvalued right now?

Based on GuruFocus' analysis, Encourage Technologies Co (TSE:3682) is currently considered Fairly Valued. The stock's GF Value™ is 円640.96, compared to a current price of 円600.00 — trading 6.4% below its estimated fair value. The current Dividend Payout Ratio is 1.49, which is 133% above median its 10-year median of 0.64 and 267.9% above the Software industry median of 0.41. Encourage Technologies Co's overall GF Score™ is 75/100 with 4 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 Encourage Technologies Co (TSE:3682), the current Dividend Payout Ratio is 1.49 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 Encourage Technologies Co (TSE:3682) Overvalued in 2026?

Based on GuruFocus' analysis, Encourage Technologies Co stock appears to be undervalued. The current stock price of 円600.00 is trading 6.4% below its estimated GF Value™ of 円640.96. GuruFocus considers Encourage Technologies Co to be Fairly Valued.

Key valuation signals for TSE:3682:

Dividend Payout Ratio: 1.49 (133% above median its 10-year median of 0.64)
GF Value™: 円640.96 vs. price of 円600.00 (6.4% below fair value)
GF Score™: 75/100 with 4 warning signs
Industry Position: 267.9% above the Software median (#699 of 870)

No single metric tells the full story. See the TSE:3682 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Encourage Technologies Co Business Description

Industry Technology Software

Comparable Companies TSE:2493 TSE:2375 TSE:460A TSE:3625 TSE:244A TSE:5868 TSE:3766 TSE:5026 TSE:4056 TSE:4386 IBM NSE:TCS ACN NSE:INFY TSE:6702 TSE:6701 NSE:HCLTECH FISV XMAD:AMS FIS

Address Tornare Nihonbashi Hamacho 7F, 3-3-2, Nihonbashi Hama-cho, Chuo-ku, Tokyo, JPN, 103-0007

Website https://www.et-x.jp

Encourage Technologies Co Ltd develops software that monitors and audits user activity in IT systems. The company also provides maintenance support after the installation of the software as well consulting services.

75GF Score

Get the complete analysis for TSE:3682

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

円600.00

Price

円640.96

GF Value

View TSE:3682 Analysis

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