Nikko Co (TSE:6306) Dividend Payout Ratio: 0.45 (As of Mar. 2026) — 21% Below Median

What is Nikko Co Dividend Payout Ratio?

Nikko Co TSE:6306 -0.11% 87 Dividend Payout Ratio is 0.45 as of Mar. 2026, which is 21% below its 10-year median of 0.57. GuruFocus rates TSE:6306 with a GF Score™ of 87/100 and a GF Value™ of 円830.67 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 123 Farm & Heavy Construction Machinery companies, Nikko Co ranks worse than 72.36% 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. Nikko Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.45.

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

TSE:6306' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.29 Med: 0.57 Max: 1.67
Current: 0.57

During the past 13 years, the highest Dividend Payout Ratio of Nikko Co was 1.67. The lowest was 0.29. And the median was 0.57.

TSE:6306's Dividend Payout Ratio is ranked worse than
72.36% of 123 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.4 vs TSE:6306: 0.57

As of today (2026-07-12), the Dividend Yield % of Nikko Co is 4.21%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Nikko Co was 5.08%. The lowest was 1.35%. And the median was 3.91%.

Nikko Co's Dividends per Share for the months ended in Mar. 2026 was 円23.00.

During the past 12 months, Nikko Co's average Dividends Per Share Growth Rate was 25.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 15.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nikko Co was 35.70% per year. The lowest was 0.00% per year. And the median was 11.35% 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.

Nikko Co (TSE:6306) 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.

Nikko Co Dividend Payout Ratio Related Terms

Nikko Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nikko 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.

Nikko Co Dividend Payout Ratio Chart

Nikko Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.79

1.67

0.91

0.65

0.58

Nikko 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															0.61	0.65	0.66	0.95	0.45

TSE:6306 vs CAT, DE, PCAR: Dividend Payout Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Nikko 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.

Nikko Co Dividend Payout Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Nikko Co's Dividend Payout Ratio distribution charts can be found below:

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

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87GF Score

Nikko Co Ltd TSE:6306

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

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Nikko Co Dividend Payout Ratio Calculation

Nikko 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 )
	=	40	/	69.552
	=	0.58

Nikko 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 )
	=	23	/	51.732
	=	0.44

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.45 mean?

Nikko Co (TSE:6306) has a Dividend Payout Ratio of 0.45 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nikko Co and its competitors. This is 21% below median its historical median of 0.57. Over the past decade, Nikko Co's Dividend Payout Ratio has ranged from 0.29 to 1.67. According to the industry distribution chart, Nikko Co ranks #89 out of 123 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 72.4%.

Is Nikko Co's Dividend Payout Ratio too high?

Nikko Co's current Dividend Payout Ratio of 0.45 is 21% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.67. The Farm & Heavy Construction Machinery industry median Dividend Payout Ratio is 0.40. Nikko Co's value of 0.45 is 12.5% above this industry median. Based on the distribution chart, Nikko Co ranks #89 out of 123 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Nikko Co has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Nikko Co's Dividend Payout Ratio compare to CAT and DE?

According to the Farm & Heavy Construction Machinery industry distribution chart, Nikko Co ranks #89 out of 123 companies for Dividend Payout Ratio. This places Nikko Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.40. Nikko Co's value of 0.45 is 12.5% above this benchmark. Historically, Nikko Co's own Dividend Payout Ratio has ranged from 0.29 to 1.67 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.40, Nikko 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 Farm & Heavy Construction Machinery company?

The median Dividend Payout Ratio among Farm & Heavy Construction Machinery companies is 0.40, based on 123 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. Nikko Co's current Dividend Payout Ratio of 0.45 is 12.5% 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 Nikko Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Dividend Payout Ratio is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikko Co's current Dividend Payout Ratio is 0.45, which is 21% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nikko Co stock overvalued right now?

Based on GuruFocus' analysis, Nikko Co (TSE:6306) is currently considered Modestly Overvalued. The stock's GF Value™ is 円830.67, compared to a current price of 円951.00 — trading 14.5% above its estimated fair value. The current Dividend Payout Ratio is 0.45, which is 21% below median its 10-year median of 0.57 and 12.5% above the Farm & Heavy Construction Machinery industry median of 0.40. Nikko Co's overall GF Score™ is 87/100 with 7 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 Nikko Co (TSE:6306), the current Dividend Payout Ratio is 0.45 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 Nikko Co (TSE:6306) Overvalued in 2026?

Based on GuruFocus' analysis, Nikko Co stock appears to be overvalued. The current stock price of 円951.00 is trading 14.5% above its estimated GF Value™ of 円830.67. GuruFocus considers Nikko Co to be Modestly Overvalued.

Key valuation signals for TSE:6306:

Dividend Payout Ratio: 0.45 (21% below median its 10-year median of 0.57)
GF Value™: 円830.67 vs. price of 円951.00 (14.5% above fair value)
GF Score™: 87/100 with 7 warning signs
Industry Position: 12.5% above the Farm & Heavy Construction Machinery median (#89 of 123)

No single metric tells the full story. See the TSE:6306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nikko Co Business Description

Industry Industrials Farm & Heavy Construction Machinery

Comparable Companies TSE:6310 TSE:6289 TSE:6358 TSE:6294 TSE:6390 TSE:6316 TSE:6325 TSE:7226 TSE:3302 TSE:8125 CAT DE OSTO:VOLV B PCAR XTER:DTG TSE:6301 OSTO:EPI A SHSE:600031 TSE:6326 XAMS:EXO

Address 1013 Eijima, Okubo-cho, Hyogo, Akashi, JPN, 674-8585

Website http://www.nikko-net.co.jp

Nikko Co Ltd manufactures and sells asphalt and concrete equipment in Japan. The products of the company are used in the construction industry.

87GF Score

Get the complete analysis for TSE:6306

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

円951.00

Price

円830.67

GF Value

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