Nippon Gas Co (TSE:8174) Dividend Payout Ratio: 0.76 (As of Mar. 2026) — 19% Above Median


TSE:8174 Nippon Gas Co Ltd TSE:8174
78 GF Score
Price 円2,896.00
GF Value 円2,689.07
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Nippon Gas Co Dividend Payout Ratio?

Nippon Gas Co TSE:8174 +0.22% 78 Dividend Payout Ratio is 0.76 as of Mar. 2026, which is 19% above its 10-year median of 0.64. GuruFocus rates TSE:8174 with a GF Score™ of 78/100 and a GF Value™ of 円2,689.07 (Fairly Valued). The stock has 4 warning signs investors should review. Among 374 Utilities - Regulated companies, Nippon Gas Co ranks worse than 77.27% 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. Nippon Gas Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.76.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Nippon Gas Co Ltd is 0.75, which seems too high.

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

TSE:8174' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.64   Max: 0.8
Current: 0.75

During the past 13 years, the highest Dividend Payout Ratio of Nippon Gas Co was 0.80. The lowest was 0.17. And the median was 0.64.

TSE:8174's Dividend Payout Ratio is ranked worse than
77.27% of 374 companies
in the Utilities - Regulated industry
Industry Median: 0.54 vs TSE:8174: 0.75

As of today (2026-07-08), the Dividend Yield % of Nippon Gas Co is 3.56%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Nippon Gas Co was 4.13%. The lowest was 0.65%. And the median was 2.44%.

Nippon Gas Co's Dividends per Share for the months ended in Mar. 2026 was 円51.50.

During the past 12 months, Nippon Gas Co's average Dividends Per Share Growth Rate was 11.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 16.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 24.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 28.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nippon Gas Co was 40.70% per year. The lowest was 0.00% per year. And the median was 22.80% 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.

Nippon Gas Co (TSE:8174) 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.

Nippon Gas Co Dividend Payout Ratio Related Terms

Nippon Gas Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Gas 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.

Nippon Gas Co Dividend Payout Ratio Chart

Nippon Gas 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 0.65 0.70 0.68 0.80 0.75

Nippon Gas 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 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 0.75 0.00 6.80 0.00 0.76

TSE:8174 vs ATO, NI: Dividend Payout Ratio Comparison

For the Utilities - Regulated Gas subindustry, Nippon Gas 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.

Nippon Gas Co Dividend Payout Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Nippon Gas Co's Dividend Payout Ratio distribution charts can be found below:

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


TSE:8174
78GF Score
Nippon Gas Co Ltd TSE:8174
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Gas 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.

Nippon Gas 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 )
=103/ 137.716
=0.75

Nippon Gas 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 )
=51.5/ 67.467
=0.76

* 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 0.76 mean?
Nippon Gas Co (TSE:8174) has a Dividend Payout Ratio of 0.76 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nippon Gas Co and its competitors. This is 19% above median its historical median of 0.64. Over the past decade, Nippon Gas Co's Dividend Payout Ratio has ranged from 0.17 to 0.80. According to the industry distribution chart, Nippon Gas Co ranks #289 out of 374 companies in the Utilities - Regulated industry, placing it in the top 77.3%.
Is Nippon Gas Co's Dividend Payout Ratio too high?
Nippon Gas Co's current Dividend Payout Ratio of 0.76 is 19% above median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.80. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. Nippon Gas Co's value of 0.76 is 40.7% above this industry median. Based on the distribution chart, Nippon Gas Co ranks #289 out of 374 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Nippon Gas Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Gas Co's Dividend Payout Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Nippon Gas Co ranks #289 out of 374 companies for Dividend Payout Ratio. This places Nippon Gas Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.54. Nippon Gas Co's value of 0.76 is 40.7% above this benchmark. Historically, Nippon Gas Co's own Dividend Payout Ratio has ranged from 0.17 to 0.80 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.54, Nippon Gas 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 an Utilities - Regulated company?
The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 374 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. Nippon Gas Co's current Dividend Payout Ratio of 0.76 is 40.7% 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 Nippon Gas Co and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Gas Co's current Dividend Payout Ratio is 0.76, which is 19% 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 Nippon Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Gas Co (TSE:8174) is currently considered Fairly Valued. The stock's GF Value™ is 円2,689.07, compared to a current price of 円2,896.00 — trading 7.7% above its estimated fair value. The current Dividend Payout Ratio is 0.76, which is 19% above median its 10-year median of 0.64 and 40.7% above the Utilities - Regulated industry median of 0.54. Nippon Gas Co's overall GF Score™ is 78/100 with 4 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 Nippon Gas Co (TSE:8174), the current Dividend Payout Ratio is 0.76 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 Nippon Gas Co (TSE:8174) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Gas Co stock appears to be overvalued. The current stock price of 円2,896.00 is trading 7.7% above its estimated GF Value™ of 円2,689.07. GuruFocus considers Nippon Gas Co to be Fairly Valued.

Key valuation signals for TSE:8174:

  • Dividend Payout Ratio: 0.76 (19% above median its 10-year median of 0.64)
  • GF Value™: 円2,689.07 vs. price of 円2,896.00 (7.7% above fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 40.7% above the Utilities - Regulated median (#289 of 374)

No single metric tells the full story. See the TSE:8174 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nippon Gas Co Business Description

Other Exchanges NPNGY:USANG0:Germany
Address 10, No. 7, No. 2-chome, Tokyo, JPN, 104-8540
Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.
78GF Score

Get the complete analysis for TSE:8174

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

円2,896.00
Price
円2,689.07
GF Value