Nichia Steel WorksTSE:5658 69 Dividend Payout Ratio is 0.33 as of Mar. 2026, which is 6% above its 10-year median of 0.31. GuruFocus rates TSE:5658 with a GF Score™ of 69/100 and a GF Value™ of 円326.28 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,721 Industrial Products companies, Nichia Steel Works ranks better than 64.67% 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. Nichia Steel Works's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.33.
The historical rank and industry rank for Nichia Steel Works's Dividend Payout Ratio or its related term are showing as below:
TSE:5658'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.31 Max: 0.45
Current: 0.29
During the past 13 years, the highest Dividend Payout Ratio of Nichia Steel Works was 0.45. The lowest was 0.24. And the median was 0.31.
TSE:5658's Dividend Payout Ratio is ranked better than 64.67% of 1721
companies
in the Industrial Products industry
Industry Median: 0.37
vs TSE:5658: 0.29
During the past 5 years, the average Dividends Per Share Growth Rate was 5.20% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 7.20% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nichia Steel Works was 26.00% per year. The lowest was -9.10% 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.
Nichia Steel Works (TSE:5658) 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.
Nichia Steel Works Dividend Payout Ratio Related Terms
Nichia Steel Works Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Nichia Steel Works'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.
TSE:5658 vs SNA, RBC, LECO: Dividend Payout Ratio Comparison
For the Tools & Accessories subindustry, Nichia Steel Works'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.
Nichia Steel Works Dividend Payout Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nichia Steel Works's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Nichia Steel Works's Dividend Payout Ratio falls into.
Nichia Steel Works 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.
Nichia Steel Works'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.
Nichia Steel Works (TSE:5658) has a Dividend Payout Ratio of 0.33 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nichia Steel Works and its competitors. This is near median its historical median of 0.31. Over the past decade, Nichia Steel Works' Dividend Payout Ratio has ranged from 0.24 to 0.45. According to the industry distribution chart, Nichia Steel Works ranks #608 out of 1721 companies in the Industrial Products industry, placing it in the top 35.3%.
Is Nichia Steel Works' Dividend Payout Ratio too high?
Nichia Steel Works' current Dividend Payout Ratio of 0.33 is near median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.45. The Industrial Products industry median Dividend Payout Ratio is 0.37. Nichia Steel Works' value of 0.33 is 10.8% below this industry median. Based on the distribution chart, Nichia Steel Works ranks #608 out of 1721 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Nichia Steel Works has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nichia Steel Works' Dividend Payout Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Nichia Steel Works ranks #608 out of 1721 companies for Dividend Payout Ratio. This puts Nichia Steel Works in the upper half of its industry. The industry median Dividend Payout Ratio is 0.37. Nichia Steel Works' value of 0.33 is 10.8% below this benchmark. Historically, Nichia Steel Works' own Dividend Payout Ratio has ranged from 0.24 to 0.45 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.37, Nichia Steel Works has consistently been below 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 an Industrial Products company?
The median Dividend Payout Ratio among Industrial Products companies is 0.37, based on 1,721 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. Nichia Steel Works's current Dividend Payout Ratio of 0.33 is 10.8% below 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 Nichia Steel Works and its competitors. For the Industrial Products industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichia Steel Works's current Dividend Payout Ratio is 0.33, which is near median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichia Steel Works stock overvalued right now?
Based on GuruFocus' analysis, Nichia Steel Works (TSE:5658) is currently considered Fairly Valued. The stock's GF Value™ is 円326.28, compared to a current price of 円352.00 — trading 7.9% above its estimated fair value. The current Dividend Payout Ratio is 0.33, which is near median its 10-year median of 0.31 and 10.8% below the Industrial Products industry median of 0.37. Nichia Steel Works' overall GF Score™ is 69/100 with 5 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 Nichia Steel Works (TSE:5658), the current Dividend Payout Ratio is 0.33 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 Nichia Steel Works (TSE:5658) Overvalued in 2026?
Based on GuruFocus' analysis, Nichia Steel Works stock appears to be overvalued.
The current stock price of 円352.00 is trading 7.9% above its estimated GF Value™ of 円326.28.
GuruFocus considers Nichia Steel Works to be Fairly Valued.
Key valuation signals for TSE:5658:
Dividend Payout Ratio: 0.33 (near median its 10-year median of 0.31)
GF Value™: 円326.28 vs. price of 円352.00 (7.9% above fair value)
Industry Position: 10.8% below the Industrial Products median (#608 of 1721)
No single metric tells the full story. See the TSE:5658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nichia Steel Works Ltd is a manufacturer of steel wire products, fasteners and related products. The products are used in various fields such as construction and civil infrastructure. It offers low carbon steel wire products, hard drawn steel wire products, fasteners & special products and other special finished products.
69GF Score
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