Adjuvant Holdings Co (TSE:4929) Dividend Payout Ratio: 0.76 (As of Mar. 2026) — Near Median

What is Adjuvant Holdings Co Dividend Payout Ratio?

Adjuvant Holdings Co TSE:4929 +0.55% 63 Dividend Payout Ratio is 0.76 as of Mar. 2026, which is 1% above its 10-year median of 0.75. GuruFocus rates TSE:4929 with a GF Score™ of 63/100 and a GF Value™ of 円735.82 (Fairly Valued). The stock has 2 warning signs investors should review. Among 995 Consumer Packaged Goods companies, Adjuvant Holdings Co ranks worse than 76.88% 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. Adjuvant Holdings Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.76.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Adjuvant Holdings Co Ltd is 0.76, which seems too high.

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

TSE:4929' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.54 Med: 0.75 Max: 5.58
Current: 0.76

During the past 13 years, the highest Dividend Payout Ratio of Adjuvant Holdings Co was 5.58. The lowest was 0.54. And the median was 0.75.

TSE:4929's Dividend Payout Ratio is ranked worse than
76.88% of 995 companies
in the Consumer Packaged Goods industry
Industry Median: 0.44 vs TSE:4929: 0.76

As of today (2026-07-07), the Dividend Yield % of Adjuvant Holdings Co is 1.63%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Adjuvant Holdings Co was 2.80%. The lowest was 1.33%. And the median was 2.43%.

Adjuvant Holdings Co's Dividends per Share for the months ended in Mar. 2026 was 円12.00.

During the past 3 years, the average Dividends Per Share Growth Rate was -20.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -16.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -7.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Adjuvant Holdings Co was 17.00% per year. The lowest was -20.60% per year. And the median was 0.00% 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.

Adjuvant Holdings Co (TSE:4929) 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.

Adjuvant Holdings Co Dividend Payout Ratio Related Terms

Adjuvant Holdings Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Adjuvant Holdings 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.

Adjuvant Holdings Co Dividend Payout Ratio Chart

Adjuvant Holdings Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.54

1.06

0.00

2.88

0.74

Adjuvant Holdings 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															2.02	0.00	3.87	0.00	0.76

TSE:4929 vs PG, CL, KVUE: Dividend Payout Ratio Comparison

For the Household & Personal Products subindustry, Adjuvant Holdings 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.

Adjuvant Holdings Co Dividend Payout Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Adjuvant Holdings Co's Dividend Payout Ratio distribution charts can be found below:

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

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63GF Score

Adjuvant Holdings Co Ltd TSE:4929

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

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Adjuvant Holdings Co Dividend Payout Ratio Calculation

Adjuvant Holdings 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 )
	=	12	/	16.149
	=	0.74

Adjuvant Holdings 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 )
	=	12	/	15.866
	=	0.76

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.76 mean?

Adjuvant Holdings Co (TSE:4929) has a Dividend Payout Ratio of 0.76 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Adjuvant Holdings Co and its competitors. This is near median its historical median of 0.75. Over the past decade, Adjuvant Holdings Co's Dividend Payout Ratio has ranged from 0.54 to 5.58. According to the industry distribution chart, Adjuvant Holdings Co ranks #765 out of 995 companies in the Consumer Packaged Goods industry, placing it in the top 76.9%.

Is Adjuvant Holdings Co's Dividend Payout Ratio too high?

Adjuvant Holdings Co's current Dividend Payout Ratio of 0.76 is near median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 5.58. The Consumer Packaged Goods industry median Dividend Payout Ratio is 0.44. Adjuvant Holdings Co's value of 0.76 is 72.7% above this industry median. Based on the distribution chart, Adjuvant Holdings Co ranks #765 out of 995 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Adjuvant Holdings Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Adjuvant Holdings Co's Dividend Payout Ratio compare to PG and CL?

According to the Consumer Packaged Goods industry distribution chart, Adjuvant Holdings Co ranks #765 out of 995 companies for Dividend Payout Ratio. This places Adjuvant Holdings Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. Adjuvant Holdings Co's value of 0.76 is 72.7% above this benchmark. Historically, Adjuvant Holdings Co's own Dividend Payout Ratio has ranged from 0.54 to 5.58 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.44, Adjuvant Holdings 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 Consumer Packaged Goods company?

The median Dividend Payout Ratio among Consumer Packaged Goods companies is 0.44, based on 995 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. Adjuvant Holdings Co's current Dividend Payout Ratio of 0.76 is 72.7% 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 Adjuvant Holdings Co and its competitors. For the Consumer Packaged Goods 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. Adjuvant Holdings Co's current Dividend Payout Ratio is 0.76, which is near median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Adjuvant Holdings Co stock overvalued right now?

Based on GuruFocus' analysis, Adjuvant Holdings Co (TSE:4929) is currently considered Fairly Valued. The stock's GF Value™ is 円735.82, compared to a current price of 円734.00 — trading 0.2% below its estimated fair value. The current Dividend Payout Ratio is 0.76, which is near median its 10-year median of 0.75 and 72.7% above the Consumer Packaged Goods industry median of 0.44. Adjuvant Holdings Co's overall GF Score™ is 63/100 with 2 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 Adjuvant Holdings Co (TSE:4929), the current Dividend Payout Ratio is 0.76 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 Adjuvant Holdings Co (TSE:4929) Overvalued in 2026?

Based on GuruFocus' analysis, Adjuvant Holdings Co stock appears to be undervalued. The current stock price of 円734.00 is trading 0.2% below its estimated GF Value™ of 円735.82. GuruFocus considers Adjuvant Holdings Co to be Fairly Valued.

Key valuation signals for TSE:4929:

Dividend Payout Ratio: 0.76 (near median its 10-year median of 0.75)
GF Value™: 円735.82 vs. price of 円734.00 (0.2% below fair value)
GF Score™: 63/100 with 2 warning signs
Industry Position: 72.7% above the Consumer Packaged Goods median (#765 of 995)

No single metric tells the full story. See the TSE:4929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Adjuvant Holdings Co Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies TSE:4932 TSE:4934 TSE:542A TSE:4935 TSE:4925 TSE:4926 TSE:5194 TSE:4936 TSE:3536 TSE:4920 PG XPAR:OR LSE:ULVR CL BOM:500696 LSE:RKT KVUE KMB XTER:HEN3 EL

Address 5-5-5 Shimoyamatedori, Chuo-ku, Hyogo Prefecture, Kobe City, JPN, 650-0011

Website https://www.adjuvant.co.jp

Adjuvant Holdings Co Ltd, formerly Adjuvant Cosme Japan Co Ltd is engaged in the research, development, production, and sale of cosmetics in Japan. It offers skin care products, including cleansing products, facial cleansers, lotions, beauty essences, masks, moisturizing creams, makeup bases, makeup, and body care products among other products.

63GF Score

Get the complete analysis for TSE:4929

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

円734.00

Price

円735.82

GF Value

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