Kawai Musical Instruments Manufacturing Co (TSE:7952) Dividend Payout Ratio: 1.21 (As of Mar. 2026) — 404% Above Median


TSE:7952 Kawai Musical Instruments Manufacturing Co Ltd TSE:7952
64 GF Score
Price 円3,210.00
GF Value 円2,733.98
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Kawai Musical Instruments Manufacturing Co Dividend Payout Ratio?

Kawai Musical Instruments Manufacturing Co TSE:7952 -0.16% 64 Dividend Payout Ratio is 1.21 as of Mar. 2026, which is 404% above its 10-year median of 0.24. GuruFocus rates TSE:7952 with a GF Score™ of 64/100 and a GF Value™ of 円2,733.98 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 343 Travel & Leisure companies, Kawai Musical Instruments Manufacturing Co ranks worse than 91.84% 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. Kawai Musical Instruments Manufacturing Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.21.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Kawai Musical Instruments Manufacturing Co Ltd is 1.19, which seems too high.

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

TSE:7952' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.24   Max: 1.6
Current: 1.19

During the past 13 years, the highest Dividend Payout Ratio of Kawai Musical Instruments Manufacturing Co was 1.60. The lowest was 0.13. And the median was 0.24.

TSE:7952's Dividend Payout Ratio is ranked worse than
91.84% of 343 companies
in the Travel & Leisure industry
Industry Median: 0.43 vs TSE:7952: 1.19

As of today (2026-07-09), the Dividend Yield % of Kawai Musical Instruments Manufacturing Co is 2.95%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Kawai Musical Instruments Manufacturing Co was 3.91%. The lowest was 0.88%. And the median was 2.15%.

Kawai Musical Instruments Manufacturing Co's Dividends per Share for the months ended in Mar. 2026 was 円95.00.

During the past 3 years, the average Dividends Per Share Growth Rate was 3.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Kawai Musical Instruments Manufacturing Co was 21.60% per year. The lowest was -3.50% per year. And the median was 4.20% 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.

Kawai Musical Instruments Manufacturing Co (TSE:7952) 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.

Kawai Musical Instruments Manufacturing Co Dividend Payout Ratio Related Terms

Kawai Musical Instruments Manufacturing Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Kawai Musical Instruments Manufacturing 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.

Kawai Musical Instruments Manufacturing Co Dividend Payout Ratio Chart

Kawai Musical Instruments Manufacturing Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.20 0.30 1.60 1.19

Kawai Musical Instruments Manufacturing 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 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 0.65 0.00 0.92 0.00 1.21

TSE:7952 vs AS, HAS, LTH: Dividend Payout Ratio Comparison

For the Leisure subindustry, Kawai Musical Instruments Manufacturing 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.

Kawai Musical Instruments Manufacturing Co Dividend Payout Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kawai Musical Instruments Manufacturing Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Kawai Musical Instruments Manufacturing Co's Dividend Payout Ratio falls into.


TSE:7952
64GF Score
Kawai Musical Instruments Manufacturing Co Ltd TSE:7952
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kawai Musical Instruments Manufacturing Co 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.

Kawai Musical Instruments Manufacturing 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 )
=95/ 80.081
=1.19

Kawai Musical Instruments Manufacturing 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 )
=95/ 78.364
=1.21

* 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 1.21 mean?
Kawai Musical Instruments Manufacturing Co (TSE:7952) has a Dividend Payout Ratio of 1.21 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Kawai Musical Instruments Manufacturing Co and its competitors. This is 404% above median its historical median of 0.24. Over the past decade, Kawai Musical Instruments Manufacturing Co's Dividend Payout Ratio has ranged from 0.13 to 1.60. According to the industry distribution chart, Kawai Musical Instruments Manufacturing Co ranks #315 out of 343 companies in the Travel & Leisure industry, placing it in the top 91.8%.
Is Kawai Musical Instruments Manufacturing Co's Dividend Payout Ratio too high?
Kawai Musical Instruments Manufacturing Co's current Dividend Payout Ratio of 1.21 is 404% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.60. The Travel & Leisure industry median Dividend Payout Ratio is 0.43. Kawai Musical Instruments Manufacturing Co's value of 1.21 is 181.4% above this industry median. Based on the distribution chart, Kawai Musical Instruments Manufacturing Co ranks #315 out of 343 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Kawai Musical Instruments Manufacturing Co has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kawai Musical Instruments Manufacturing Co's Dividend Payout Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Kawai Musical Instruments Manufacturing Co ranks #315 out of 343 companies for Dividend Payout Ratio. This places Kawai Musical Instruments Manufacturing Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.43. Kawai Musical Instruments Manufacturing Co's value of 1.21 is 181.4% above this benchmark. Historically, Kawai Musical Instruments Manufacturing Co's own Dividend Payout Ratio has ranged from 0.13 to 1.60 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.43, Kawai Musical Instruments Manufacturing 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 Travel & Leisure company?
The median Dividend Payout Ratio among Travel & Leisure companies is 0.43, based on 343 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. Kawai Musical Instruments Manufacturing Co's current Dividend Payout Ratio of 1.21 is 181.4% 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 Kawai Musical Instruments Manufacturing Co and its competitors. For the Travel & Leisure industry, the median Dividend Payout Ratio is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kawai Musical Instruments Manufacturing Co's current Dividend Payout Ratio is 1.21, which is 404% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawai Musical Instruments Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Kawai Musical Instruments Manufacturing Co (TSE:7952) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,733.98, compared to a current price of 円3,210.00 — trading 17.4% above its estimated fair value. The current Dividend Payout Ratio is 1.21, which is 404% above median its 10-year median of 0.24 and 181.4% above the Travel & Leisure industry median of 0.43. Kawai Musical Instruments Manufacturing Co's overall GF Score™ is 64/100 with 11 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 Kawai Musical Instruments Manufacturing Co (TSE:7952), the current Dividend Payout Ratio is 1.21 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 Kawai Musical Instruments Manufacturing Co (TSE:7952) Overvalued in 2026?

Based on GuruFocus' analysis, Kawai Musical Instruments Manufacturing Co stock appears to be overvalued. The current stock price of 円3,210.00 is trading 17.4% above its estimated GF Value™ of 円2,733.98. GuruFocus considers Kawai Musical Instruments Manufacturing Co to be Modestly Overvalued.

Key valuation signals for TSE:7952:

  • Dividend Payout Ratio: 1.21 (404% above median its 10-year median of 0.24)
  • GF Value™: 円2,733.98 vs. price of 円3,210.00 (17.4% above fair value)
  • GF Score™: 64/100 with 11 warning signs
  • Industry Position: 181.4% above the Travel & Leisure median (#315 of 343)

No single metric tells the full story. See the TSE:7952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kawai Musical Instruments Manufacturing Co Business Description

Address 200 Terajima-cho Naka-ku, Shizuoka, Hamamatsu, JPN, 430-8665
Kawai Musical Instruments Manufacturing Co Ltd is a Japan-based musical instrument manufacturer. The company is mainly engaged in manufacturing and sales of musical instruments, precision metals, wood products, and electronic devices. Products offered by the company include grand pianos, upright pianos, digital pianos, hybrid pianos, and anytime pianos. It sells its products under the brand name Philosophy, Legacy, Artists, Competitions, and Institutions. Kawai has world-wide sales networks, it distributes its products in Europe, America, Asia and Oceania, Africa and the Middle East. The company is also engaged in the development and sales of software and operations of music schools, and gymnastics schools.
64GF Score

Get the complete analysis for TSE:7952

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

円3,210.00
Price
円2,733.98
GF Value