LY (TSE:4689) Dividend Payout Ratio: 1.61 (As of Mar. 2026) — 303% Above Median


TSE:4689 LY Corp TSE:4689
82 GF Score
Price 円445.40
GF Value 円487.78
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is LY Dividend Payout Ratio?

LY TSE:4689 -0.27% 82 Dividend Payout Ratio is 1.61 as of Mar. 2026, which is 303% above its 10-year median of 0.40. GuruFocus rates TSE:4689 with a GF Score™ of 82/100 and a GF Value™ of 円487.78 (Fairly Valued). The stock has 6 warning signs investors should review. Among 505 Retail - Cyclical companies, LY ranks better than 62.57% 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. LY's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.61.

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

TSE:4689' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.4   Max: 0.77
Current: 0.33

During the past 13 years, the highest Dividend Payout Ratio of LY was 0.77. The lowest was 0.33. And the median was 0.40.

TSE:4689's Dividend Payout Ratio is ranked better than
62.57% of 505 companies
in the Retail - Cyclical industry
Industry Median: 0.42 vs TSE:4689: 0.33

As of today (2026-07-12), the Dividend Yield % of LY is 1.64%.

During the past 13 years, the highest Trailing Annual Dividend Yield of LY was 3.33%. The lowest was 0.67%. And the median was 1.58%.

LY's Dividends per Share for the months ended in Mar. 2026 was 円7.30.

During the past 12 months, LY's average Dividends Per Share Growth Rate was 4.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -4.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of LY was 44.40% per year. The lowest was -14.40% per year. And the median was 8.00% 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.

LY (TSE:4689) 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.

LY Dividend Payout Ratio Related Terms

LY Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for LY'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.

LY Dividend Payout Ratio Chart

LY 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 0.64 0.77 0.38 0.33 0.33

LY 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 1.03 0.00 0.00 0.00 1.61

TSE:4689 vs AMZN, BABA, PDD: Dividend Payout Ratio Comparison

For the Internet Retail subindustry, LY'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.

LY Dividend Payout Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, LY's Dividend Payout Ratio distribution charts can be found below:

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


TSE:4689
82GF Score
LY Corp TSE:4689
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LY 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.

LY'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 )
=7.3/ 22.36
=0.33

LY'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 )
=7.3/ 4.544
=1.61

* 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 1.61 mean?
LY (TSE:4689) has a Dividend Payout Ratio of 1.61 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on LY and its competitors. This is 303% above median its historical median of 0.40. Over the past decade, LY's Dividend Payout Ratio has ranged from 0.33 to 0.77. According to the industry distribution chart, LY ranks #189 out of 505 companies in the Retail - Cyclical industry, placing it in the top 37.4%.
Is LY's Dividend Payout Ratio too high?
LY's current Dividend Payout Ratio of 1.61 is 303% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.77. The Retail - Cyclical industry median Dividend Payout Ratio is 0.42. LY's value of 1.61 is 283.3% above this industry median. Based on the distribution chart, LY ranks #189 out of 505 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, LY has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LY's Dividend Payout Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, LY ranks #189 out of 505 companies for Dividend Payout Ratio. This puts LY in the upper half of its industry. The industry median Dividend Payout Ratio is 0.42. LY's value of 1.61 is 283.3% above this benchmark. Historically, LY's own Dividend Payout Ratio has ranged from 0.33 to 0.77 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.42, LY 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 Retail - Cyclical company?
The median Dividend Payout Ratio among Retail - Cyclical companies is 0.42, based on 505 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. LY's current Dividend Payout Ratio of 1.61 is 283.3% 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 LY and its competitors. For the Retail - Cyclical industry, the median Dividend Payout Ratio is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LY's current Dividend Payout Ratio is 1.61, which is 303% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LY stock overvalued right now?
Based on GuruFocus' analysis, LY (TSE:4689) is currently considered Fairly Valued. The stock's GF Value™ is 円487.78, compared to a current price of 円445.40 — trading 8.7% below its estimated fair value. The current Dividend Payout Ratio is 1.61, which is 303% above median its 10-year median of 0.40 and 283.3% above the Retail - Cyclical industry median of 0.42. LY's overall GF Score™ is 82/100 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 LY (TSE:4689), the current Dividend Payout Ratio is 1.61 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 LY (TSE:4689) Overvalued in 2026?

Based on GuruFocus' analysis, LY stock appears to be undervalued. The current stock price of 円445.40 is trading 8.7% below its estimated GF Value™ of 円487.78. GuruFocus considers LY to be Fairly Valued.

Key valuation signals for TSE:4689:

  • Dividend Payout Ratio: 1.61 (303% above median its 10-year median of 0.40)
  • GF Value™: 円487.78 vs. price of 円445.40 (8.7% below fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 283.3% above the Retail - Cyclical median (#189 of 505)

No single metric tells the full story. See the TSE:4689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

LY Business Description

Address Tokyo Kioicho Kioi Tower, 1-3 Kioicho Chiyoda Ward, Tokyo Garden Terrace, Tokyo, JPN, 102 - 8282
LY is a leading Japanese internet services conglomerate. Its main services are Yahoo Japan, the oldest portal site in Japan that offers a wide variety of services, such as news, e-commerce, financial information, and Line, a national messenger application. In 2019, the company acquired Zozo, a leading online apparel retailer, to grow its e-commerce business. In 2022, LY consolidated with its wholly owned subsidiary PayPay, the most popular QR code payment service in Japan.
82GF Score

Get the complete analysis for TSE:4689

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

円445.40
Price
円487.78
GF Value