Meiwa (TSE:8103) Dividend Payout Ratio: 1.18 (As of Mar. 2026) — 127% Above Median

Author:

Vera Yuan

Director of Data and Quant Analytics at GuruFocus

Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.

View Profile →

Reviewed by:

Charlie Tian

Founder & CEO of GuruFocus

Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

View Profile →

Valuation Modestly Overvalued

View Full Analysis

What is Meiwa Dividend Payout Ratio?

Meiwa TSE:8103 -1.10% 75 Dividend Payout Ratio is 1.18 as of Mar. 2026, which is 127% above its 10-year median of 0.52. GuruFocus rates TSE:8103 with a GF Score™ of 75/100 and a GF Value™ of 円755.49 (Modestly Overvalued). Among 95 Industrial Distribution companies, Meiwa ranks worse than 74.74% 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. Meiwa's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.18.

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

TSE:8103' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.52 Max: 2.17
Current: 0.58

During the past 13 years, the highest Dividend Payout Ratio of Meiwa was 2.17. The lowest was 0.15. And the median was 0.52.

TSE:8103's Dividend Payout Ratio is ranked worse than
74.74% of 95 companies
in the Industrial Distribution industry
Industry Median: 0.42 vs TSE:8103: 0.58

As of today (2026-07-14), the Dividend Yield % of Meiwa is 4.62%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Meiwa was 18.22%. The lowest was 1.26%. And the median was 3.69%.

Meiwa's Dividends per Share for the months ended in Mar. 2026 was 円42.00.

During the past 3 years, the average Dividends Per Share Growth Rate was 18.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 22.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Meiwa was 128.30% per year. The lowest was -29.30% per year. And the median was 10.10% 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.

Meiwa (TSE:8103) 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.

Meiwa Dividend Payout Ratio Related Terms

Meiwa Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Meiwa'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.

Meiwa Dividend Payout Ratio Chart

Meiwa Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

Get a 7-Day Free Trial

2.17

0.62

0.52

0.53

0.58

Meiwa 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															0.80	0.00	0.87	0.00	1.18

TSE:8103 vs GWW, FAST, FERG: Dividend Payout Ratio Comparison

For the Industrial Distribution subindustry, Meiwa'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.

Meiwa Dividend Payout Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Meiwa's Dividend Payout Ratio distribution charts can be found below:

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

Save Embed

75GF Score

Meiwa Corp TSE:8103

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

View Full Analysis

Meiwa Dividend Payout Ratio Calculation

Meiwa'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 )
	=	42	/	72.862
	=	0.58

Meiwa'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 )
	=	42	/	35.705
	=	1.18

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.18 mean?

Meiwa (TSE:8103) has a Dividend Payout Ratio of 1.18 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Meiwa and its competitors. This is 127% above median its historical median of 0.52. Over the past decade, Meiwa's Dividend Payout Ratio has ranged from 0.15 to 2.17. According to the industry distribution chart, Meiwa ranks #71 out of 95 companies in the Industrial Distribution industry, placing it in the top 74.7%.

Is Meiwa's Dividend Payout Ratio too high?

Meiwa's current Dividend Payout Ratio of 1.18 is 127% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 2.17. The Industrial Distribution industry median Dividend Payout Ratio is 0.42. Meiwa's value of 1.18 is 181% above this industry median. Based on the distribution chart, Meiwa ranks #71 out of 95 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Meiwa has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Meiwa's Dividend Payout Ratio compare to GWW and FAST?

According to the Industrial Distribution industry distribution chart, Meiwa ranks #71 out of 95 companies for Dividend Payout Ratio. This places Meiwa in the lower half of its industry. The industry median Dividend Payout Ratio is 0.42. Meiwa's value of 1.18 is 181% above this benchmark. Historically, Meiwa's own Dividend Payout Ratio has ranged from 0.15 to 2.17 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 0.42, Meiwa 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 an Industrial Distribution company?

The median Dividend Payout Ratio among Industrial Distribution companies is 0.42, based on 95 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. Meiwa's current Dividend Payout Ratio of 1.18 is 181% 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 Meiwa and its competitors. For the Industrial Distribution industry, the median Dividend Payout Ratio is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiwa's current Dividend Payout Ratio is 1.18, which is 127% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Meiwa stock overvalued right now?

Based on GuruFocus' analysis, Meiwa (TSE:8103) is currently considered Modestly Overvalued. The stock's GF Value™ is 円755.49, compared to a current price of 円900.00 — trading 19.1% above its estimated fair value. The current Dividend Payout Ratio is 1.18, which is 127% above median its 10-year median of 0.52 and 181% above the Industrial Distribution industry median of 0.42. Meiwa's overall GF Score™ is 75/100. 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 Meiwa (TSE:8103), the current Dividend Payout Ratio is 1.18 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 Meiwa (TSE:8103) Overvalued in 2026?

Based on GuruFocus' analysis, Meiwa stock appears to be overvalued. The current stock price of 円900.00 is trading 19.1% above its estimated GF Value™ of 円755.49. GuruFocus considers Meiwa to be Modestly Overvalued.

Key valuation signals for TSE:8103:

Dividend Payout Ratio: 1.18 (127% above median its 10-year median of 0.52)
GF Value™: 円755.49 vs. price of 円900.00 (19.1% above fair value)
GF Score™: 75/100
Industry Position: 181% above the Industrial Distribution median (#71 of 95)

No single metric tells the full story. See the TSE:8103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Meiwa Business Description

Industry Industrials Industrial Distribution

Comparable Companies TSE:9845 TSE:3355 TSE:1736 TSE:3176 TSE:8089 TSE:8085 TSE:9932 TSE:8052 TSE:7128 TSE:7472 GWW FAST FERG WCC WSO TSX:TIH QXO LSE:DPLM AIT OSTO:ADDT B

Address 3-3-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8311

Website https://www.meiwa.co.jp

Meiwa Corp is a Japan-based company. Along with its subsidiaries, the company operates in the following reportable segments: First Business, Second Business, Third Business, Battery and Automotive Business Division, and Others. Maximum revenue for the group is generated from the Third Business segment, which offers film products, papermaking chemicals, adhesives, synthetic resin raw materials, synthetic resin products, and inorganic chemicals. The First Business is engaged in trading earths and rare metals, flame retardants, heat insulation, waterproofing, and interior materials. Second Business represents its petroleum products business, covering lubricants to base oil, and additives, and the Battery and Automotive division invests in battery materials and offers automotive parts.

75GF Score

Get the complete analysis for TSE:8103

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

円900.00

Price

円755.49

GF Value

View TSE:8103 Analysis

See Dividend Payout Ratio data for all stocks →