Toho Bank (TSE:8346) Dividend Payout Ratio: 1.02 (As of Mar. 2026) — 219% Above Median


TSE:8346 Toho Bank Ltd TSE:8346
47 GF Score
Price 円816.00
GF Value 円418.75
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Toho Bank Dividend Payout Ratio?

Toho Bank TSE:8346 -0.85% 47 Dividend Payout Ratio is 1.02 as of Mar. 2026, which is 219% above its 10-year median of 0.32. GuruFocus rates TSE:8346 with a GF Score™ of 47/100 and a GF Value™ of 円418.75 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,174 Banks companies, Toho Bank ranks worse than 52.56% 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. Toho Bank's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.02.

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

TSE:8346' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.32   Max: 0.54
Current: 0.34

During the past 13 years, the highest Dividend Payout Ratio of Toho Bank was 0.54. The lowest was 0.25. And the median was 0.32.

TSE:8346's Dividend Payout Ratio is ranked worse than
52.56% of 1174 companies
in the Banks industry
Industry Median: 0.32 vs TSE:8346: 0.34

As of today (2026-07-08), the Dividend Yield % of Toho Bank is 2.07%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Toho Bank was 4.42%. The lowest was 1.63%. And the median was 2.53%.

Toho Bank's Dividends per Share for the months ended in Mar. 2026 was 円10.00.

During the past 12 months, Toho Bank's average Dividends Per Share Growth Rate was 88.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 34.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 18.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Toho Bank was 34.40% per year. The lowest was -9.10% per year. And the median was 2.70% 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.

Toho Bank (TSE:8346) 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.

Toho Bank Dividend Payout Ratio Related Terms

Toho Bank Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Toho Bank'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.

Toho Bank Dividend Payout Ratio Chart

Toho Bank 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 0.25 0.41 0.32 0.29 0.34

Toho Bank 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 1.27 0.00 0.60 0.00 1.02

Toho Bank Dividend Payout Ratio Competitor Comparison

For the Banks - Regional subindustry, Toho Bank'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.

Toho Bank Dividend Payout Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Toho Bank's Dividend Payout Ratio distribution charts can be found below:

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


TSE:8346
47GF Score
Toho Bank Ltd TSE:8346
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toho Bank 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.

Toho Bank'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 )
=17/ 49.943
=0.34

Toho Bank'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 )
=10/ 9.827
=1.02

* 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 1.02 mean?
Toho Bank (TSE:8346) has a Dividend Payout Ratio of 1.02 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Toho Bank and its competitors. This is 219% above median its historical median of 0.32. Over the past decade, Toho Bank's Dividend Payout Ratio has ranged from 0.25 to 0.54. According to the industry distribution chart, Toho Bank ranks #617 out of 1174 companies in the Banks industry, placing it in the top 52.6%.
Is Toho Bank's Dividend Payout Ratio too high?
Toho Bank's current Dividend Payout Ratio of 1.02 is 219% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.54. The Banks industry median Dividend Payout Ratio is 0.32. Toho Bank's value of 1.02 is 218.8% above this industry median. Based on the distribution chart, Toho Bank ranks #617 out of 1174 companies in the Banks industry, which is below the industry midpoint. Overall, Toho Bank has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Bank's Dividend Payout Ratio compare to competitors?
According to the Banks industry distribution chart, Toho Bank ranks #617 out of 1174 companies for Dividend Payout Ratio. This places Toho Bank in the lower half of its industry. The industry median Dividend Payout Ratio is 0.32. Toho Bank's value of 1.02 is 218.8% above this benchmark. Historically, Toho Bank's own Dividend Payout Ratio has ranged from 0.25 to 0.54 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.32, Toho Bank 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 Banks company?
The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,174 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. Toho Bank's current Dividend Payout Ratio of 1.02 is 218.8% 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 Toho Bank and its competitors. For the Banks industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Bank's current Dividend Payout Ratio is 1.02, which is 219% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Bank stock overvalued right now?
Based on GuruFocus' analysis, Toho Bank (TSE:8346) is currently considered Significantly Overvalued. The stock's GF Value™ is 円418.75, compared to a current price of 円816.00 — trading 94.9% above its estimated fair value. The current Dividend Payout Ratio is 1.02, which is 219% above median its 10-year median of 0.32 and 218.8% above the Banks industry median of 0.32. Toho Bank's overall GF Score™ is 47/100 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 Toho Bank (TSE:8346), the current Dividend Payout Ratio is 1.02 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 Toho Bank (TSE:8346) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Bank stock appears to be overvalued. The current stock price of 円816.00 is trading 94.9% above its estimated GF Value™ of 円418.75. GuruFocus considers Toho Bank to be Significantly Overvalued.

Key valuation signals for TSE:8346:

  • Dividend Payout Ratio: 1.02 (219% above median its 10-year median of 0.32)
  • GF Value™: 円418.75 vs. price of 円816.00 (94.9% above fair value)
  • GF Score™: 47/100 with 6 warning signs
  • Industry Position: 218.8% above the Banks median (#617 of 1174)

No single metric tells the full story. See the TSE:8346 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Toho Bank Business Description

Address 3-25, Ohmachi, Fukushima, JPN, 960-8633
Toho Bank Ltd is a Japanese regional commercial bank group operating in the Fukushima prefecture of the island nation. The group consists of a bank and seven subsidiaries, which provide banking, leasing, credit card, and credit guaranteeing services. The banking business consists of money transfer, lending, foreign exchange services, and associate businesses. Most of the group's earnings assets are in loans and bill discounted, followed by securities. Net interest income and fees and commissions income generate most of the group's income.
47GF Score

Get the complete analysis for TSE:8346

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

円816.00
Price
円418.75
GF Value