Starts Proceed Investment (TSE:8979) Dividend Payout Ratio: 1.08 (As of Oct. 2025) — Near Median

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TSE:8979 Starts Proceed Investment Corp TSE:8979
64 GF Score
Price 円187,100.00
GF Value 円211,918.35
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Starts Proceed Investment Dividend Payout Ratio?

Starts Proceed Investment TSE:8979 -0.43% 64 Dividend Payout Ratio is 1.08 as of Oct. 2025, which is 7% above its 10-year median of 1.01. GuruFocus rates TSE:8979 with a GF Score™ of 64/100 and a GF Value™ of 円211,918.35 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 714 REITs companies, Starts Proceed Investment ranks worse than 57.56% 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. Starts Proceed Investment's Dividend Payout Ratio for the months ended in Oct. 2025 was 1.08.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Starts Proceed Investment Corp is 1.07, which seems too high.

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

TSE:8979' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.01   Max: 1.12
Current: 1.07

During the past 13 years, the highest Dividend Payout Ratio of Starts Proceed Investment was 1.12. The lowest was 0.88. And the median was 1.01.

TSE:8979's Dividend Payout Ratio is ranked worse than
57.56% of 714 companies
in the REITs industry
Industry Median: 0.99 vs TSE:8979: 1.07

As of today (2026-07-14), the Dividend Yield % of Starts Proceed Investment is 5.30%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Starts Proceed Investment was 6.44%. The lowest was 3.48%. And the median was 5.06%.

Starts Proceed Investment's Dividends per Share for the months ended in Oct. 2025 was 円4,776.00.

During the past 12 months, Starts Proceed Investment's average Dividends Per Share Growth Rate was -3.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -1.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 2.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Starts Proceed Investment was 6.90% per year. The lowest was -1.60% per year. And the median was 3.10% 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.

Starts Proceed Investment (TSE:8979) 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.

Starts Proceed Investment Dividend Payout Ratio Related Terms

Starts Proceed Investment Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Starts Proceed Investment'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.

Starts Proceed Investment Dividend Payout Ratio Chart

Starts Proceed Investment Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 1.09 1.12 1.07 1.07

Starts Proceed Investment Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 1.09 1.07 1.07 1.07 1.08

TSE:8979 vs AVB, EQR, ESS: Dividend Payout Ratio Comparison

For the REIT - Residential subindustry, Starts Proceed Investment'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.

Starts Proceed Investment Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Starts Proceed Investment's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Starts Proceed Investment's Dividend Payout Ratio falls into.


TSE:8979
64GF Score
Starts Proceed Investment Corp TSE:8979
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Starts Proceed Investment 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.

Starts Proceed Investment's Dividend Payout Ratio for the fiscal year that ended in Oct. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Oct. 2025 )/ EPS without NRI (A: Oct. 2025 )
=10197/ 9504.943
=1.07

Starts Proceed Investment's Dividend Payout Ratio for the quarter that ended in Oct. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Oct. 2025 )/ EPS without NRI (Q: Oct. 2025 )
=4776/ 4427.499
=1.08

* 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 1.08 mean?
Starts Proceed Investment (TSE:8979) has a Dividend Payout Ratio of 1.08 as of Oct. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Starts Proceed Investment and its competitors. This is near median its historical median of 1.01. Over the past decade, Starts Proceed Investment's Dividend Payout Ratio has ranged from 0.88 to 1.12. According to the industry distribution chart, Starts Proceed Investment ranks #411 out of 714 companies in the REITs industry, placing it in the top 57.6%.
Is Starts Proceed Investment's Dividend Payout Ratio too high?
Starts Proceed Investment's current Dividend Payout Ratio of 1.08 is near median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 1.12. The REITs industry median Dividend Payout Ratio is 0.99. Starts Proceed Investment's value of 1.08 is 9.1% above this industry median. Based on the distribution chart, Starts Proceed Investment ranks #411 out of 714 companies in the REITs industry, which is below the industry midpoint. Overall, Starts Proceed Investment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starts Proceed Investment's Dividend Payout Ratio compare to AVB and EQR?
According to the REITs industry distribution chart, Starts Proceed Investment ranks #411 out of 714 companies for Dividend Payout Ratio. This places Starts Proceed Investment in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Starts Proceed Investment's value of 1.08 is 9.1% above this benchmark. Historically, Starts Proceed Investment's own Dividend Payout Ratio has ranged from 0.88 to 1.12 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.99, Starts Proceed Investment 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 REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 714 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. Starts Proceed Investment's current Dividend Payout Ratio of 1.08 is 9.1% 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 Starts Proceed Investment and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starts Proceed Investment's current Dividend Payout Ratio is 1.08, which is near median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starts Proceed Investment stock overvalued right now?
Based on GuruFocus' analysis, Starts Proceed Investment (TSE:8979) is currently considered Modestly Undervalued. The stock's GF Value™ is 円211,918.35, compared to a current price of 円187,100.00 — trading 11.7% below its estimated fair value. The current Dividend Payout Ratio is 1.08, which is near median its 10-year median of 1.01 and 9.1% above the REITs industry median of 0.99. Starts Proceed Investment's overall GF Score™ is 64/100 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 Starts Proceed Investment (TSE:8979), the current Dividend Payout Ratio is 1.08 as of Oct. 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 Starts Proceed Investment (TSE:8979) Overvalued in 2026?

Based on GuruFocus' analysis, Starts Proceed Investment stock appears to be undervalued. The current stock price of 円187,100.00 is trading 11.7% below its estimated GF Value™ of 円211,918.35. GuruFocus considers Starts Proceed Investment to be Modestly Undervalued.

Key valuation signals for TSE:8979:

  • Dividend Payout Ratio: 1.08 (near median its 10-year median of 1.01)
  • GF Value™: 円211,918.35 vs. price of 円187,100.00 (11.7% below fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 9.1% above the REITs median (#411 of 714)

No single metric tells the full story. See the TSE:8979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Starts Proceed Investment Business Description

Industry Real EstateREITs
Address 3-1-8 Nihonbashi, Chuo-ku, Tokyo, JPN
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.
64GF Score

Get the complete analysis for TSE:8979

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

円187,100.00
Price
円211,918.35
GF Value