Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Harima Chemicals GroupTSE:4410 +2.78%70 Dividend Payout Ratio is 0.38 as of Mar. 2026, which is 17% below its 10-year median of 0.46. GuruFocus rates TSE:4410 with a GF Score™ of 70/100 and a GF Value™ of 円953.12 (Fairly Valued). The stock has 8 warning signs investors should review. Among 905 Chemicals companies, Harima Chemicals Group ranks worse than 63.43% 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. Harima Chemicals Group's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.38.
The historical rank and industry rank for Harima Chemicals Group's Dividend Payout Ratio or its related term are showing as below:
TSE:4410'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.46 Max: 2.86
Current: 0.47
During the past 13 years, the highest Dividend Payout Ratio of Harima Chemicals Group was 2.86. The lowest was 0.17. And the median was 0.46.
TSE:4410's Dividend Payout Ratio is ranked worse than 63.43% of 905
companies
in the Chemicals industry
Industry Median: 0.36
vs TSE:4410: 0.47
During the past 13 years, the highest Trailing Annual Dividend Yield of Harima Chemicals Group was 5.41%. The lowest was 1.57%. And the median was 4.14%.
During the past 3 years, the average Dividends Per Share Growth Rate was 3.40% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 2.60% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 11.10% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Harima Chemicals Group was 37.00% per year. The lowest was 0.00% per year. And the median was 3.40% 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.
Harima Chemicals Group (TSE:4410) 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.
Harima Chemicals Group Dividend Payout Ratio Related Terms
Harima Chemicals Group Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Harima Chemicals Group'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.
Harima Chemicals Group Dividend Payout Ratio Chart
TSE:4410 vs LIN, SHW, ECL: Dividend Payout Ratio Comparison
For the Specialty Chemicals subindustry, Harima Chemicals Group'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.
Harima Chemicals Group Dividend Payout Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Harima Chemicals Group's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Harima Chemicals Group's Dividend Payout Ratio falls into.
Harima Chemicals Group 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.
Harima Chemicals Group's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Harima Chemicals Group (TSE:4410) has a Dividend Payout Ratio of 0.38 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Harima Chemicals Group and its competitors. This is 17% below median its historical median of 0.46. Over the past decade, Harima Chemicals Group's Dividend Payout Ratio has ranged from 0.17 to 2.86. According to the industry distribution chart, Harima Chemicals Group ranks #574 out of 905 companies in the Chemicals industry, placing it in the top 63.4%.
Is Harima Chemicals Group's Dividend Payout Ratio too high?
Harima Chemicals Group's current Dividend Payout Ratio of 0.38 is 17% below median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 2.86. The Chemicals industry median Dividend Payout Ratio is 0.36. Harima Chemicals Group's value of 0.38 is 5.6% above this industry median. Based on the distribution chart, Harima Chemicals Group ranks #574 out of 905 companies in the Chemicals industry, which is below the industry midpoint. Overall, Harima Chemicals Group has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harima Chemicals Group's Dividend Payout Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Harima Chemicals Group ranks #574 out of 905 companies for Dividend Payout Ratio. This places Harima Chemicals Group in the lower half of its industry. The industry median Dividend Payout Ratio is 0.36. Harima Chemicals Group's value of 0.38 is 5.6% above this benchmark. Historically, Harima Chemicals Group's own Dividend Payout Ratio has ranged from 0.17 to 2.86 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.36, Harima Chemicals Group 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 Chemicals company?
The median Dividend Payout Ratio among Chemicals companies is 0.36, based on 905 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. Harima Chemicals Group's current Dividend Payout Ratio of 0.38 is 5.6% 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 Harima Chemicals Group and its competitors. For the Chemicals industry, the median Dividend Payout Ratio is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harima Chemicals Group's current Dividend Payout Ratio is 0.38, which is 17% below median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harima Chemicals Group stock overvalued right now?
Based on GuruFocus' analysis, Harima Chemicals Group (TSE:4410) is currently considered Fairly Valued. The stock's GF Value™ is 円953.12, compared to a current price of 円1,034.00 — trading 8.5% above its estimated fair value. The current Dividend Payout Ratio is 0.38, which is 17% below median its 10-year median of 0.46 and 5.6% above the Chemicals industry median of 0.36. Harima Chemicals Group's overall GF Score™ is 70/100 with 8 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 Harima Chemicals Group (TSE:4410), the current Dividend Payout Ratio is 0.38 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 Harima Chemicals Group (TSE:4410) Overvalued in 2026?
Based on GuruFocus' analysis, Harima Chemicals Group stock appears to be overvalued.
The current stock price of 円1,034.00 is trading 8.5% above its estimated GF Value™ of 円953.12.
GuruFocus considers Harima Chemicals Group to be Fairly Valued.
Key valuation signals for TSE:4410:
Dividend Payout Ratio: 0.38 (17% below median its 10-year median of 0.46)
GF Value™: 円953.12 vs. price of 円1,034.00 (8.5% above fair value)
Industry Position: 5.6% above the Chemicals median (#574 of 905)
No single metric tells the full story. See the TSE:4410 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harima Chemicals Group Inc is a Japan-based chemical manufacturer. The company is mainly engaged in chemical products business, papermaking chemical business, and electronic materials business. Products offered by the company include resins for printing ink, paint, resin for adhesive and adhesive, emulsifier for synthetic rubber, sizing agent, paper strength enhancer, and coating agent. Electronic materials business develops, manufacture and sell conductive paste, brazing material for aluminum and printed wiring board related materials. Harima has a world-wide network with presence in Europe, Asia, Oceania, North America, and South America.
70GF Score
Get the complete analysis for TSE:4410
Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:4410 has been successfully added to your 
