Noritz (TSE:5943) Dividend Payout Ratio: 3.01 (As of Jun. 2026) — 370% Above Median

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TSE:5943 Noritz Corp TSE:5943
69 GF Score
Price 円2,363.00
GF Value 円1,869.30
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Noritz Dividend Payout Ratio?

Noritz TSE:5943 +0.04% 69 Dividend Payout Ratio is 3.01 as of Jun. 2026, which is 370% above its 10-year median of 0.64. GuruFocus rates TSE:5943 with a GF Score™ of 69/100 and a GF Value™ of 円1,869.30 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 861 Construction companies, Noritz ranks worse than 88.85% 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. Noritz's Dividend Payout Ratio for the months ended in Jun. 2026 was 3.01.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Noritz Corp is 0.97, which seems too high.

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

TSE:5943' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.64   Max: 2.82
Current: 0.97

During the past 13 years, the highest Dividend Payout Ratio of Noritz was 2.82. The lowest was 0.24. And the median was 0.64.

TSE:5943's Dividend Payout Ratio is ranked worse than
88.85% of 861 companies
in the Construction industry
Industry Median: 0.38 vs TSE:5943: 0.97

As of today (2026-08-13), the Dividend Yield % of Noritz is 3.64%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Noritz was 5.74%. The lowest was 1.41%. And the median was 2.74%.

Noritz's Dividends per Share for the months ended in Jun. 2026 was 円47.00.

During the past 12 months, Noritz's average Dividends Per Share Growth Rate was 21.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Noritz was 37.40% per year. The lowest was -6.00% per year. And the median was 1.10% 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.

Noritz (TSE:5943) 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.

Noritz Dividend Payout Ratio Related Terms

Noritz Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Noritz'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.

Noritz Dividend Payout Ratio Chart

Noritz Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.65 0.49 2.82 1.53 1.01

Noritz Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.67 0.00 3.01

TSE:5943 vs TT, JCI, CARR: Dividend Payout Ratio Comparison

For the Building Products & Equipment subindustry, Noritz'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.

Noritz Dividend Payout Ratio vs Construction Industry

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

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


TSE:5943
69GF Score
Noritz Corp TSE:5943
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Noritz 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.

Noritz's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=74/ 73.436
=1.01

Noritz's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2026 )/ EPS without NRI (Q: Jun. 2026 )
=47/ 15.618
=3.01

* 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 3.01 mean?
Noritz (TSE:5943) has a Dividend Payout Ratio of 3.01 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Noritz and its competitors. This is 370% above median its historical median of 0.64. Over the past decade, Noritz's Dividend Payout Ratio has ranged from 0.24 to 2.82. According to the industry distribution chart, Noritz ranks #765 out of 861 companies in the Construction industry, placing it in the top 88.9%.
Is Noritz's Dividend Payout Ratio too high?
Noritz's current Dividend Payout Ratio of 3.01 is 370% above median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 2.82. The Construction industry median Dividend Payout Ratio is 0.38. Noritz's value of 3.01 is 692.1% above this industry median. Based on the distribution chart, Noritz ranks #765 out of 861 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Noritz has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noritz's Dividend Payout Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Noritz ranks #765 out of 861 companies for Dividend Payout Ratio. This places Noritz in the lower half of its industry. The industry median Dividend Payout Ratio is 0.38. Noritz's value of 3.01 is 692.1% above this benchmark. Historically, Noritz's own Dividend Payout Ratio has ranged from 0.24 to 2.82 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.38, Noritz 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 0.38, based on 861 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. Noritz's current Dividend Payout Ratio of 3.01 is 692.1% 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 Noritz and its competitors. For the Construction industry, the median Dividend Payout Ratio is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noritz's current Dividend Payout Ratio is 3.01, which is 370% above median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noritz stock overvalued right now?
Based on GuruFocus' analysis, Noritz (TSE:5943) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,869.30, compared to a current price of 円2,363.00 — trading 26.4% above its estimated fair value. The current Dividend Payout Ratio is 3.01, which is 370% above median its 10-year median of 0.64 and 692.1% above the Construction industry median of 0.38. Noritz's overall GF Score™ is 69/100 with 9 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 Noritz (TSE:5943), the current Dividend Payout Ratio is 3.01 as of Jun. 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 Noritz (TSE:5943) Overvalued in 2026?

Based on GuruFocus' analysis, Noritz stock appears to be overvalued. The current stock price of 円2,363.00 is trading 26.4% above its estimated GF Value™ of 円1,869.30. GuruFocus considers Noritz to be Modestly Overvalued.

Key valuation signals for TSE:5943:

  • Dividend Payout Ratio: 3.01 (370% above median its 10-year median of 0.64)
  • GF Value™: 円1,869.30 vs. price of 円2,363.00 (26.4% above fair value)
  • GF Score™: 69/100 with 9 warning signs
  • Industry Position: 692.1% above the Construction median (#765 of 861)

No single metric tells the full story. See the TSE:5943 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Noritz Business Description

Address 93 Edo-machi, Chuo-ku, Kobe, JPN, 650-0033
Noritz Corp is a Japanese company engaged in the manufacturing and sales of hot water air conditioning equipment, kitchen equipment, etc., and related businesses. The company operates in two segments: "Domestic Business" and "Overseas Business." The majority of the company's revenue is derived from the Domestic business.
69GF Score

Get the complete analysis for TSE:5943

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

円2,363.00
Price
円1,869.30
GF Value