Shinagawa Refra Co (TSE:5351) Dividend Payout Ratio: 1.00 (As of Mar. 2026) — 335% Above Median

Author:

Vera Yuan

Director of Data and Quant Analytics at GuruFocus

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.

View Profile →

Reviewed by:

Charlie Tian

Founder & CEO of GuruFocus

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.

View Profile →

Shinagawa Refra Co Ltd TSE:5351

78 GF Score

Price 円2,013.00

GF Value 円2,293.21

Valuation Modestly Undervalued

3 Warning Signs

View Full Analysis

What is Shinagawa Refra Co Dividend Payout Ratio?

Shinagawa Refra Co TSE:5351 +1.98% 78 Dividend Payout Ratio is 1.00 as of Mar. 2026, which is 335% above its 10-year median of 0.23. GuruFocus rates TSE:5351 with a GF Score™ of 78/100 and a GF Value™ of 円2,293.21 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 860 Construction companies, Shinagawa Refra Co ranks worse than 55.23% 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. Shinagawa Refra Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.00.

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

TSE:5351' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.23 Max: 0.46
Current: 0.43

During the past 13 years, the highest Dividend Payout Ratio of Shinagawa Refra Co was 0.46. The lowest was 0.17. And the median was 0.23.

TSE:5351's Dividend Payout Ratio is ranked worse than
55.23% of 860 companies
in the Construction industry
Industry Median: 0.39 vs TSE:5351: 0.43

As of today (2026-07-14), the Dividend Yield % of Shinagawa Refra Co is 4.56%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Shinagawa Refra Co was 6.96%. The lowest was 1.57%. And the median was 3.47%.

Shinagawa Refra Co's Dividends per Share for the months ended in Mar. 2026 was 円45.00.

During the past 3 years, the average Dividends Per Share Growth Rate was 31.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 37.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 23.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Shinagawa Refra Co was 55.70% per year. The lowest was 0.00% per year. And the median was 12.00% 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.

Shinagawa Refra Co (TSE:5351) 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.

Shinagawa Refra Co Dividend Payout Ratio Related Terms

Shinagawa Refra Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Shinagawa Refra 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.

Shinagawa Refra Co Dividend Payout Ratio Chart

Shinagawa Refra Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

Get a 7-Day Free Trial

0.29

0.24

0.32

0.46

0.43

Shinagawa Refra Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.08	0.00	0.80	0.00	1.00

TSE:5351 vs TT, JCI, CARR: Dividend Payout Ratio Comparison

For the Building Products & Equipment subindustry, Shinagawa Refra 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.

Shinagawa Refra Co Dividend Payout Ratio vs Construction Industry

For the Construction industry and Industrials sector, Shinagawa Refra Co's Dividend Payout Ratio distribution charts can be found below:

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

Save Embed

78GF Score

Shinagawa Refra Co Ltd TSE:5351

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

View Full Analysis

Shinagawa Refra Co Dividend Payout Ratio Calculation

Shinagawa Refra 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 )
	=	90	/	207.856
	=	0.43

Shinagawa Refra 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 )
	=	45	/	44.937
	=	1.00

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.00 mean?

Shinagawa Refra Co (TSE:5351) has a Dividend Payout Ratio of 1.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Shinagawa Refra Co and its competitors. This is 335% above median its historical median of 0.23. Over the past decade, Shinagawa Refra Co's Dividend Payout Ratio has ranged from 0.17 to 0.46. According to the industry distribution chart, Shinagawa Refra Co ranks #475 out of 860 companies in the Construction industry, placing it in the top 55.2%.

Is Shinagawa Refra Co's Dividend Payout Ratio too high?

Shinagawa Refra Co's current Dividend Payout Ratio of 1.00 is 335% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.46. The Construction industry median Dividend Payout Ratio is 0.39. Shinagawa Refra Co's value of 1.00 is 156.4% above this industry median. Based on the distribution chart, Shinagawa Refra Co ranks #475 out of 860 companies in the Construction industry, which is below the industry midpoint. Overall, Shinagawa Refra Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Shinagawa Refra Co's Dividend Payout Ratio compare to TT and JCI?

According to the Construction industry distribution chart, Shinagawa Refra Co ranks #475 out of 860 companies for Dividend Payout Ratio. This places Shinagawa Refra Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.39. Shinagawa Refra Co's value of 1.00 is 156.4% above this benchmark. Historically, Shinagawa Refra Co's own Dividend Payout Ratio has ranged from 0.17 to 0.46 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.39, Shinagawa Refra 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 Construction company?

The median Dividend Payout Ratio among Construction companies is 0.39, based on 860 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. Shinagawa Refra Co's current Dividend Payout Ratio of 1.00 is 156.4% 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 Shinagawa Refra Co and its competitors. For the Construction industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinagawa Refra Co's current Dividend Payout Ratio is 1.00, which is 335% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Shinagawa Refra Co stock overvalued right now?

Based on GuruFocus' analysis, Shinagawa Refra Co (TSE:5351) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,293.21, compared to a current price of 円2,013.00 — trading 12.2% below its estimated fair value. The current Dividend Payout Ratio is 1.00, which is 335% above median its 10-year median of 0.23 and 156.4% above the Construction industry median of 0.39. Shinagawa Refra Co's overall GF Score™ is 78/100 with 3 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 Shinagawa Refra Co (TSE:5351), the current Dividend Payout Ratio is 1.00 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 Shinagawa Refra Co (TSE:5351) Overvalued in 2026?

Based on GuruFocus' analysis, Shinagawa Refra Co stock appears to be undervalued. The current stock price of 円2,013.00 is trading 12.2% below its estimated GF Value™ of 円2,293.21. GuruFocus considers Shinagawa Refra Co to be Modestly Undervalued.

Key valuation signals for TSE:5351:

Dividend Payout Ratio: 1.00 (335% above median its 10-year median of 0.23)
GF Value™: 円2,293.21 vs. price of 円2,013.00 (12.2% below fair value)
GF Score™: 78/100 with 3 warning signs
Industry Position: 156.4% above the Construction median (#475 of 860)

No single metric tells the full story. See the TSE:5351 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shinagawa Refra Co Business Description

Industry Industrials Construction

Comparable Companies TSE:6458 TSE:4212 TSE:7943 TSE:5273 TSE:5943 TSE:5262 TSE:7949 TSE:5959 TSE:5930 TSE:7971 TT JCI CARR XPAR:SGO TSE:6367 XSWX:GEBN LII MAIR DUB:KRX MAS

Address 1-7-12 Marunouchi, 12th floor, Sapia Tower, Chiyoda, Tokyo, JPN, 100-0005

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

Shinagawa Refra Co Ltd is engaged in the manufacture and sale of refractories, design, and construction of industrial kiln furnaces, the sale of fine ceramics, others.

78GF Score

Get the complete analysis for TSE:5351

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

円2,013.00

Price

円2,293.21

GF Value

View TSE:5351 Analysis

See Dividend Payout Ratio data for all stocks →