Tokushu Tokai Paper Co (TSE:3708) Dividend Payout Ratio: 3.19 (As of Mar. 2026) — 867% Above Median

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TSE:3708 Tokushu Tokai Paper Co Ltd TSE:3708
64 GF Score
Price 円1,969.00
GF Value 円1,378.98
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Tokushu Tokai Paper Co Dividend Payout Ratio?

Tokushu Tokai Paper Co TSE:3708 +0.82% 64 Dividend Payout Ratio is 3.19 as of Mar. 2026, which is 867% above its 10-year median of 0.33. GuruFocus rates TSE:3708 with a GF Score™ of 64/100 and a GF Value™ of 円1,378.98 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 115 Forest Products companies, Tokushu Tokai Paper Co ranks worse than 55.65% 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. Tokushu Tokai Paper Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 3.19.

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

TSE:3708' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.33   Max: 0.48
Current: 0.48

During the past 13 years, the highest Dividend Payout Ratio of Tokushu Tokai Paper Co was 0.48. The lowest was 0.24. And the median was 0.33.

TSE:3708's Dividend Payout Ratio is ranked worse than
55.65% of 115 companies
in the Forest Products industry
Industry Median: 0.41 vs TSE:3708: 0.48

As of today (2026-07-13), the Dividend Yield % of Tokushu Tokai Paper Co is 2.75%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tokushu Tokai Paper Co was 4.35%. The lowest was 1.05%. And the median was 2.25%.

Tokushu Tokai Paper Co's Dividends per Share for the months ended in Mar. 2026 was 円32.00.

During the past 12 months, Tokushu Tokai Paper Co's average Dividends Per Share Growth Rate was 34.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 17.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tokushu Tokai Paper Co was 26.00% per year. The lowest was -10.60% 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.

Tokushu Tokai Paper Co (TSE:3708) 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.

Tokushu Tokai Paper Co Dividend Payout Ratio Related Terms

Tokushu Tokai Paper Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Tokushu Tokai Paper 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.

Tokushu Tokai Paper Co Dividend Payout Ratio Chart

Tokushu Tokai Paper 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 0.39 0.40 0.30 0.35 0.48

Tokushu Tokai Paper 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 1.00 0.00 0.81 0.00 3.19

Tokushu Tokai Paper Co Dividend Payout Ratio Competitor Comparison

For the Paper & Paper Products subindustry, Tokushu Tokai Paper 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.

Tokushu Tokai Paper Co Dividend Payout Ratio vs Forest Products Industry

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

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


TSE:3708
64GF Score
Tokushu Tokai Paper Co Ltd TSE:3708
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokushu Tokai Paper 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.

Tokushu Tokai Paper 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 )
=53.666/ 112.927
=0.48

Tokushu Tokai Paper 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 )
=32/ 10.044
=3.19

* 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 3.19 mean?
Tokushu Tokai Paper Co (TSE:3708) has a Dividend Payout Ratio of 3.19 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tokushu Tokai Paper Co and its competitors. This is 867% above median its historical median of 0.33. Over the past decade, Tokushu Tokai Paper Co's Dividend Payout Ratio has ranged from 0.24 to 0.48. According to the industry distribution chart, Tokushu Tokai Paper Co ranks #64 out of 115 companies in the Forest Products industry, placing it in the top 55.7%.
Is Tokushu Tokai Paper Co's Dividend Payout Ratio too high?
Tokushu Tokai Paper Co's current Dividend Payout Ratio of 3.19 is 867% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.48. The Forest Products industry median Dividend Payout Ratio is 0.41. Tokushu Tokai Paper Co's value of 3.19 is 678% above this industry median. Based on the distribution chart, Tokushu Tokai Paper Co ranks #64 out of 115 companies in the Forest Products industry, which is below the industry midpoint. Overall, Tokushu Tokai Paper Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokushu Tokai Paper Co's Dividend Payout Ratio compare to competitors?
According to the Forest Products industry distribution chart, Tokushu Tokai Paper Co ranks #64 out of 115 companies for Dividend Payout Ratio. This places Tokushu Tokai Paper Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.41. Tokushu Tokai Paper Co's value of 3.19 is 678% above this benchmark. Historically, Tokushu Tokai Paper Co's own Dividend Payout Ratio has ranged from 0.24 to 0.48 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.41, Tokushu Tokai Paper 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 115 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. Tokushu Tokai Paper Co's current Dividend Payout Ratio of 3.19 is 678% 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 Tokushu Tokai Paper 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. Tokushu Tokai Paper Co's current Dividend Payout Ratio is 3.19, which is 867% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokushu Tokai Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Tokushu Tokai Paper Co (TSE:3708) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,378.98, compared to a current price of 円1,969.00 — trading 42.8% above its estimated fair value. The current Dividend Payout Ratio is 3.19, which is 867% above median its 10-year median of 0.33 and 678% above the Forest Products industry median of 0.41. Tokushu Tokai Paper Co's overall GF Score™ is 64/100 with 6 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 Tokushu Tokai Paper Co (TSE:3708), the current Dividend Payout Ratio is 3.19 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 Tokushu Tokai Paper Co (TSE:3708) Overvalued in 2026?

Based on GuruFocus' analysis, Tokushu Tokai Paper Co stock appears to be overvalued. The current stock price of 円1,969.00 is trading 42.8% above its estimated GF Value™ of 円1,378.98. GuruFocus considers Tokushu Tokai Paper Co to be Significantly Overvalued.

Key valuation signals for TSE:3708:

  • Dividend Payout Ratio: 3.19 (867% above median its 10-year median of 0.33)
  • GF Value™: 円1,378.98 vs. price of 円1,969.00 (42.8% above fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 678% above the Forest Products median (#64 of 115)

No single metric tells the full story. See the TSE:3708 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tokushu Tokai Paper Co Business Description

Address Zyouwa Yaesu Build 6F, Tokyo, JPN
Tokushu Tokai Paper Co Ltd manufactures and sells a variety of paper products. The company organizes itself into three primary divisions based on product type. The special-use paper division sells specialized paper that is used for food packaging, art printing, and securities protection. The industrial paper division sells paper that is used for fresh vegetable and cosmetic packaging, as well as water repellent paper. The household products division sells coffee and tea filter paper as well as other paper products used for cooking.
64GF Score

Get the complete analysis for TSE:3708

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

円1,969.00
Price
円1,378.98
GF Value