Aoyama Zaisan Networks Co (TSE:8929) Dividend Payout Ratio: 2.48 (As of Dec. 2025) — 439% Above Median

What is Aoyama Zaisan Networks Co Dividend Payout Ratio?

Aoyama Zaisan Networks Co TSE:8929 -0.47% 88 Dividend Payout Ratio is 2.48 as of Dec. 2025, which is 439% above its 10-year median of 0.46. GuruFocus rates TSE:8929 with a GF Score™ of 88/100 and a GF Value™ of 円1,434.92 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 697 Real Estate companies, Aoyama Zaisan Networks Co ranks worse than 53.37% 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. Aoyama Zaisan Networks Co's Dividend Payout Ratio for the months ended in Dec. 2025 was 2.48.

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

TSE:8929' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.38 Med: 0.46 Max: 0.74
Current: 0.44

During the past 13 years, the highest Dividend Payout Ratio of Aoyama Zaisan Networks Co was 0.74. The lowest was 0.38. And the median was 0.46.

TSE:8929's Dividend Payout Ratio is ranked worse than
53.37% of 697 companies
in the Real Estate industry
Industry Median: 0.41 vs TSE:8929: 0.44

As of today (2026-07-08), the Dividend Yield % of Aoyama Zaisan Networks Co is 4.38%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Aoyama Zaisan Networks Co was 4.86%. The lowest was 1.15%. And the median was 2.90%.

Aoyama Zaisan Networks Co's Dividends per Share for the months ended in Dec. 2025 was 円33.00.

During the past 12 months, Aoyama Zaisan Networks Co's average Dividends Per Share Growth Rate was 15.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 15.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 18.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Aoyama Zaisan Networks Co was 512.70% per year. The lowest was -72.90% per year. And the median was 20.90% 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.

Aoyama Zaisan Networks Co (TSE:8929) 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.

Aoyama Zaisan Networks Co Dividend Payout Ratio Related Terms

Aoyama Zaisan Networks Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Aoyama Zaisan Networks 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.

Aoyama Zaisan Networks Co Dividend Payout Ratio Chart

Aoyama Zaisan Networks Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.52

0.50

0.45

0.47

Aoyama Zaisan Networks 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															0.00	0.56	0.00	2.48	0.00

TSE:8929 vs CBRE, BEKE, JLL: Dividend Payout Ratio Comparison

For the Real Estate Services subindustry, Aoyama Zaisan Networks 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.

Aoyama Zaisan Networks Co Dividend Payout Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Aoyama Zaisan Networks Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Aoyama Zaisan Networks Co's Dividend Payout Ratio falls into.

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88GF Score

Aoyama Zaisan Networks Co Ltd TSE:8929

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

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Aoyama Zaisan Networks Co Dividend Payout Ratio Calculation

Aoyama Zaisan Networks Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	53	/	113.885
	=	0.47

Aoyama Zaisan Networks Co's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2025 )	/	EPS without NRI (Q: Dec. 2025 )
	=	33	/	13.288
	=	2.48

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 2.48 mean?

Aoyama Zaisan Networks Co (TSE:8929) has a Dividend Payout Ratio of 2.48 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Aoyama Zaisan Networks Co and its competitors. This is 439% above median its historical median of 0.46. Over the past decade, Aoyama Zaisan Networks Co's Dividend Payout Ratio has ranged from 0.38 to 0.74. According to the industry distribution chart, Aoyama Zaisan Networks Co ranks #372 out of 697 companies in the Real Estate industry, placing it in the top 53.4%.

Is Aoyama Zaisan Networks Co's Dividend Payout Ratio too high?

Aoyama Zaisan Networks Co's current Dividend Payout Ratio of 2.48 is 439% above median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 0.74. The Real Estate industry median Dividend Payout Ratio is 0.41. Aoyama Zaisan Networks Co's value of 2.48 is 504.9% above this industry median. Based on the distribution chart, Aoyama Zaisan Networks Co ranks #372 out of 697 companies in the Real Estate industry, which is below the industry midpoint. Overall, Aoyama Zaisan Networks Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Aoyama Zaisan Networks Co's Dividend Payout Ratio compare to CBRE and BEKE?

According to the Real Estate industry distribution chart, Aoyama Zaisan Networks Co ranks #372 out of 697 companies for Dividend Payout Ratio. This places Aoyama Zaisan Networks Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.41. Aoyama Zaisan Networks Co's value of 2.48 is 504.9% above this benchmark. Historically, Aoyama Zaisan Networks Co's own Dividend Payout Ratio has ranged from 0.38 to 0.74 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.41, Aoyama Zaisan Networks 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 Real Estate company?

The median Dividend Payout Ratio among Real Estate companies is 0.41, based on 697 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. Aoyama Zaisan Networks Co's current Dividend Payout Ratio of 2.48 is 504.9% 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 Aoyama Zaisan Networks Co and its competitors. For the Real Estate 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. Aoyama Zaisan Networks Co's current Dividend Payout Ratio is 2.48, which is 439% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Aoyama Zaisan Networks Co stock overvalued right now?

Based on GuruFocus' analysis, Aoyama Zaisan Networks Co (TSE:8929) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,434.92, compared to a current price of 円1,272.00 — trading 11.4% below its estimated fair value. The current Dividend Payout Ratio is 2.48, which is 439% above median its 10-year median of 0.46 and 504.9% above the Real Estate industry median of 0.41. Aoyama Zaisan Networks Co's overall GF Score™ is 88/100 with 2 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 Aoyama Zaisan Networks Co (TSE:8929), the current Dividend Payout Ratio is 2.48 as of Dec. 2025. 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 Aoyama Zaisan Networks Co (TSE:8929) Overvalued in 2026?

Based on GuruFocus' analysis, Aoyama Zaisan Networks Co stock appears to be undervalued. The current stock price of 円1,272.00 is trading 11.4% below its estimated GF Value™ of 円1,434.92. GuruFocus considers Aoyama Zaisan Networks Co to be Modestly Undervalued.

Key valuation signals for TSE:8929:

Dividend Payout Ratio: 2.48 (439% above median its 10-year median of 0.46)
GF Value™: 円1,434.92 vs. price of 円1,272.00 (11.4% below fair value)
GF Score™: 88/100 with 2 warning signs
Industry Position: 504.9% above the Real Estate median (#372 of 697)

No single metric tells the full story. See the TSE:8929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Aoyama Zaisan Networks Co Business Description

Industry Real Estate Real Estate

Comparable Companies TSE:8881 TSE:3486 TSE:3452 TSE:8860 TSE:8928 TSE:2980 TSE:7187 TSE:3489 TSE:3276 TSE:5537 STC:VIC CBRE ISX:DCII XMAD:CLNX XTER:VNA TSE:8830 XTAE:AZRG BEKE HKSE:01972 JLL

Address 8-4-14 Akasaka, Aoyama Tower Place, 3rd floor, Minato-ku, Tokyo, JPN, 107 0052

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

Aoyama Zaisan Networks Co Ltd is engaged in the provision of consulting services of asset transferring, maintenance and operation, among others. It is also engaged in corporate finance consulting and real estate solutions consulting in Japan.

88GF Score

Get the complete analysis for TSE:8929

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

円1,272.00

Price

円1,434.92

GF Value

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