Hikari Business Form Co (TSE:3948) Dividend Payout Ratio: 1.17 (As of Dec. 2025) — 95% Above Median

What is Hikari Business Form Co Dividend Payout Ratio?

Hikari Business Form Co TSE:3948 -0.79% 55 Dividend Payout Ratio is 1.17 as of Dec. 2025, which is 95% above its 10-year median of 0.60. GuruFocus rates TSE:3948 with a GF Score™ of 55/100 and a GF Value™ of 円673.57 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 515 Business Services companies, Hikari Business Form Co ranks worse than 95.53% 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. Hikari Business Form Co's Dividend Payout Ratio for the months ended in Dec. 2025 was 1.17.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hikari Business Form Co Ltd is 1.90, which seems too high.

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

TSE:3948' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.6 Max: 1.91
Current: 1.9

During the past 13 years, the highest Dividend Payout Ratio of Hikari Business Form Co was 1.91. The lowest was 0.21. And the median was 0.60.

TSE:3948's Dividend Payout Ratio is ranked worse than
95.53% of 515 companies
in the Business Services industry
Industry Median: 0.44 vs TSE:3948: 1.90

As of today (2026-07-12), the Dividend Yield % of Hikari Business Form Co is 4.42%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Hikari Business Form Co was 8.30%. The lowest was 2.75%. And the median was 4.04%.

Hikari Business Form Co's Dividends per Share for the months ended in Dec. 2025 was 円25.00.

During the past 12 months, Hikari Business Form Co's average Dividends Per Share Growth Rate was 18.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -3.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Hikari Business Form Co was 29.50% per year. The lowest was -3.50% 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.

Hikari Business Form Co (TSE:3948) 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.

Hikari Business Form Co Dividend Payout Ratio Related Terms

Hikari Business Form Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Hikari Business Form 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.

Hikari Business Form Co Dividend Payout Ratio Chart

Hikari Business Form Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.25

0.21

0.23

1.70

1.91

Hikari Business Form Co Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Dividend Payout Ratio	Get a 7-Day Free Trial															1.27	2.91	1.24	9.05	1.17

TSE:3948 vs CTAS, CPRT, ULS: Dividend Payout Ratio Comparison

For the Specialty Business Services subindustry, Hikari Business Form 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.

Hikari Business Form Co Dividend Payout Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Hikari Business Form Co's Dividend Payout Ratio distribution charts can be found below:

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

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55GF Score

Hikari Business Form Co Ltd TSE:3948

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

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Hikari Business Form Co Dividend Payout Ratio Calculation

Hikari Business Form Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	45	/	23.513
	=	1.91

Hikari Business Form Co's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2025 )	/	EPS without NRI (Q: Dec. 2025 )
	=	25	/	21.449
	=	1.17

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.17 mean?

Hikari Business Form Co (TSE:3948) has a Dividend Payout Ratio of 1.17 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hikari Business Form Co and its competitors. This is 95% above median its historical median of 0.60. Over the past decade, Hikari Business Form Co's Dividend Payout Ratio has ranged from 0.21 to 1.91. According to the industry distribution chart, Hikari Business Form Co ranks #492 out of 515 companies in the Business Services industry, placing it in the top 95.5%.

Is Hikari Business Form Co's Dividend Payout Ratio too high?

Hikari Business Form Co's current Dividend Payout Ratio of 1.17 is 95% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 1.91. The Business Services industry median Dividend Payout Ratio is 0.44. Hikari Business Form Co's value of 1.17 is 165.9% above this industry median. Based on the distribution chart, Hikari Business Form Co ranks #492 out of 515 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Hikari Business Form Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Hikari Business Form Co's Dividend Payout Ratio compare to CTAS and CPRT?

According to the Business Services industry distribution chart, Hikari Business Form Co ranks #492 out of 515 companies for Dividend Payout Ratio. This places Hikari Business Form Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. Hikari Business Form Co's value of 1.17 is 165.9% above this benchmark. Historically, Hikari Business Form Co's own Dividend Payout Ratio has ranged from 0.21 to 1.91 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.44, Hikari Business Form 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 Business Services company?

The median Dividend Payout Ratio among Business Services companies is 0.44, based on 515 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. Hikari Business Form Co's current Dividend Payout Ratio of 1.17 is 165.9% 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 Hikari Business Form Co and its competitors. For the Business Services industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hikari Business Form Co's current Dividend Payout Ratio is 1.17, which is 95% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hikari Business Form Co stock overvalued right now?

Based on GuruFocus' analysis, Hikari Business Form Co (TSE:3948) is currently considered Significantly Overvalued. The stock's GF Value™ is 円673.57, compared to a current price of 円1,131.00 — trading 67.9% above its estimated fair value. The current Dividend Payout Ratio is 1.17, which is 95% above median its 10-year median of 0.60 and 165.9% above the Business Services industry median of 0.44. Hikari Business Form Co's overall GF Score™ is 55/100 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 Hikari Business Form Co (TSE:3948), the current Dividend Payout Ratio is 1.17 as of Dec. 2025. 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 Hikari Business Form Co (TSE:3948) Overvalued in 2026?

Based on GuruFocus' analysis, Hikari Business Form Co stock appears to be overvalued. The current stock price of 円1,131.00 is trading 67.9% above its estimated GF Value™ of 円673.57. GuruFocus considers Hikari Business Form Co to be Significantly Overvalued.

Key valuation signals for TSE:3948:

Dividend Payout Ratio: 1.17 (95% above median its 10-year median of 0.60)
GF Value™: 円673.57 vs. price of 円1,131.00 (67.9% above fair value)
GF Score™: 55/100 with 6 warning signs
Industry Position: 165.9% above the Business Services median (#492 of 515)

No single metric tells the full story. See the TSE:3948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hikari Business Form Co Business Description

Industry Industrials Business Services

Comparable Companies TSE:2480 TSE:7883 TSE:7833 TSE:9313 TSE:6092 TSE:7812 TSE:7922 TSE:7916 TSE:6093 TSE:2483 CTAS LSE:REL TSX:TRI CPRT TSX:RBA ULS GPN ASX:BXB ARMK XAMS:WKL

Address 553, Higashiasakawa town, Hachioji, Tokyo, JPN, 193-0834

Website https://hikaribf.co.jp

Hikari Business Form Co Ltd is engaged in providing printing services. The services offered by the company are commercial printing, business process outsourcing, post process, web solution, DPP, and others.

55GF Score

Get the complete analysis for TSE:3948

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

円1,131.00

Price

円673.57

GF Value

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