Japan Pulp and Paper Co (TSE:8032) Dividend Payout Ratio: 2.11 (As of Mar. 2026) — 681% Above Median

What is Japan Pulp and Paper Co Dividend Payout Ratio?

Japan Pulp and Paper Co TSE:8032 +2.21% 67 Dividend Payout Ratio is 2.11 as of Mar. 2026, which is 681% above its 10-year median of 0.27. GuruFocus rates TSE:8032 with a GF Score™ of 67/100 and a GF Value™ of 円757.43 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 116 Forest Products companies, Japan Pulp and Paper Co ranks worse than 79.31% 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. Japan Pulp and Paper Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 2.11.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Japan Pulp and Paper Co Ltd is 0.92, which seems too high.

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

TSE:8032' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.27 Max: 0.92
Current: 0.92

During the past 13 years, the highest Dividend Payout Ratio of Japan Pulp and Paper Co was 0.92. The lowest was 0.13. And the median was 0.27.

TSE:8032's Dividend Payout Ratio is ranked worse than
79.31% of 116 companies
in the Forest Products industry
Industry Median: 0.405 vs TSE:8032: 0.92

As of today (2026-07-06), the Dividend Yield % of Japan Pulp and Paper Co is 3.07%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Japan Pulp and Paper Co was 4.44%. The lowest was 1.06%. And the median was 2.72%.

Japan Pulp and Paper Co's Dividends per Share for the months ended in Mar. 2026 was 円20.00.

During the past 12 months, Japan Pulp and Paper Co's average Dividends Per Share Growth Rate was 36.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 41.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 25.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Japan Pulp and Paper Co was 41.50% per year. The lowest was -18.10% per year. And the median was 2.90% 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.

Japan Pulp and Paper Co (TSE:8032) 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.

Japan Pulp and Paper Co Dividend Payout Ratio Related Terms

Japan Pulp and Paper Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Japan Pulp and Paper 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.

Japan Pulp and Paper Co Dividend Payout Ratio Chart

Japan Pulp and Paper Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

Get a 7-Day Free Trial

0.18

0.13

0.18

0.36

0.92

Japan Pulp and Paper Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.71	0.00	0.00	0.00	2.11

Japan Pulp and Paper Co Dividend Payout Ratio Competitor Comparison

For the Paper & Paper Products subindustry, Japan Pulp and Paper 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.

Japan Pulp and Paper Co Dividend Payout Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Japan Pulp and Paper Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Japan Pulp and Paper Co's Dividend Payout Ratio falls into.

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67GF Score

Japan Pulp and Paper Co Ltd TSE:8032

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

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Japan Pulp and Paper Co Dividend Payout Ratio Calculation

Japan Pulp and Paper 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 )
	=	34	/	37.131
	=	0.92

Japan Pulp and Paper 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 )
	=	20	/	9.474
	=	2.11

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 2.11 mean?

Japan Pulp and Paper Co (TSE:8032) has a Dividend Payout Ratio of 2.11 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Japan Pulp and Paper Co and its competitors. This is 681% above median its historical median of 0.27. Over the past decade, Japan Pulp and Paper Co's Dividend Payout Ratio has ranged from 0.13 to 0.92. According to the industry distribution chart, Japan Pulp and Paper Co ranks #92 out of 116 companies in the Forest Products industry, placing it in the top 79.3%.

Is Japan Pulp and Paper Co's Dividend Payout Ratio too high?

Japan Pulp and Paper Co's current Dividend Payout Ratio of 2.11 is 681% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.92. The Forest Products industry median Dividend Payout Ratio is 0.41. Japan Pulp and Paper Co's value of 2.11 is 421% above this industry median. Based on the distribution chart, Japan Pulp and Paper Co ranks #92 out of 116 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Japan Pulp and Paper Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Japan Pulp and Paper Co's Dividend Payout Ratio compare to competitors?

According to the Forest Products industry distribution chart, Japan Pulp and Paper Co ranks #92 out of 116 companies for Dividend Payout Ratio. This places Japan Pulp and Paper Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.41. Japan Pulp and Paper Co's value of 2.11 is 421% above this benchmark. Historically, Japan Pulp and Paper Co's own Dividend Payout Ratio has ranged from 0.13 to 0.92 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.41, Japan Pulp and Paper 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 Forest Products company?

The median Dividend Payout Ratio among Forest Products companies is 0.41, based on 116 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. Japan Pulp and Paper Co's current Dividend Payout Ratio of 2.11 is 421% 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 Japan Pulp and Paper Co and its competitors. For the Forest Products industry, the median Dividend Payout Ratio is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Pulp and Paper Co's current Dividend Payout Ratio is 2.11, which is 681% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Japan Pulp and Paper Co stock overvalued right now?

Based on GuruFocus' analysis, Japan Pulp and Paper Co (TSE:8032) is currently considered Significantly Overvalued. The stock's GF Value™ is 円757.43, compared to a current price of 円1,108.00 — trading 46.3% above its estimated fair value. The current Dividend Payout Ratio is 2.11, which is 681% above median its 10-year median of 0.27 and 421% above the Forest Products industry median of 0.41. Japan Pulp and Paper Co's overall GF Score™ is 67/100 with 6 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 Japan Pulp and Paper Co (TSE:8032), the current Dividend Payout Ratio is 2.11 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 Japan Pulp and Paper Co (TSE:8032) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Pulp and Paper Co stock appears to be overvalued. The current stock price of 円1,108.00 is trading 46.3% above its estimated GF Value™ of 円757.43. GuruFocus considers Japan Pulp and Paper Co to be Significantly Overvalued.

Key valuation signals for TSE:8032:

Dividend Payout Ratio: 2.11 (681% above median its 10-year median of 0.27)
GF Value™: 円757.43 vs. price of 円1,108.00 (46.3% above fair value)
GF Score™: 67/100 with 6 warning signs
Industry Position: 421% above the Forest Products median (#92 of 116)

No single metric tells the full story. See the TSE:8032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Japan Pulp and Paper Co Business Description

Industry Basic Materials Forest Products

Comparable Companies TSE:3865 TSE:3880 TSE:3863 TSE:3708 TSE:9274 TSE:3864 TSE:3877 TSE:7487 TSE:3513 TSE:3878 OHEL:UPM BSP:SUZB3 OSTO:SCA A SZSE:002078 OSTO:HOLM A LSE:MNDI TSE:3861 BSP:KLBN3 HKSE:02689 XSGO:CMPC

Address Forefront Tower, 3-12-1 Kachidoki, Chuo-Ku, Tokyo, JPN, 1048656

Website http://www.kamipa.co.jp

Japan Pulp and Paper Co Ltd engages in the manufacture, distribution, and sale of pulp, paper-related products, and plastic, among others. Also, the company is involved in real estate leasing and generation and sale of electricity.

67GF Score

Get the complete analysis for TSE:8032

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

円1,108.00

Price

円757.43

GF Value

View TSE:8032 Analysis

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