Step Co (TSE:9795) Dividend Payout Ratio: 0.41 (As of Mar. 2026) — 32% Above Median

Step Co TSE:9795 -0.53% 77 Dividend Payout Ratio is 0.41 as of Mar. 2026, which is 32% above its 10-year median of 0.31. GuruFocus rates TSE:9795 with a GF Score™ of 77/100 and a GF Value™ of 円2,363.73 (Fairly Valued). Among 106 Education companies, Step Co ranks worse than 53.77% 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. Step Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.41.

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

TSE:9795' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.31 Max: 0.51
Current: 0.51

During the past 13 years, the highest Dividend Payout Ratio of Step Co was 0.51. The lowest was 0.27. And the median was 0.31.

TSE:9795's Dividend Payout Ratio is ranked worse than
53.77% of 106 companies
in the Education industry
Industry Median: 0.485 vs TSE:9795: 0.51

As of today (2026-07-11), the Dividend Yield % of Step Co is 3.94%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Step Co was 4.22%. The lowest was 1.71%. And the median was 2.49%.

Step Co's Dividends per Share for the months ended in Mar. 2026 was 円44.00.

During the past 12 months, Step Co's average Dividends Per Share Growth Rate was 11.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 22.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 19.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Step Co was 24.40% per year. The lowest was 5.60% per year. And the median was 8.50% 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.

Step Co (TSE:9795) 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.

Step Co Dividend Payout Ratio Related Terms

Step Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Step 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.

Step Co Dividend Payout Ratio Chart

Step Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.27

0.30

0.50

0.49

0.50

Step Co 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															0.38	0.67	0.38	0.68	0.41

TSE:9795 vs EDU, TAL, LAUR: Dividend Payout Ratio Comparison

For the Education & Training Services subindustry, Step 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.

Step Co Dividend Payout Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, Step Co's Dividend Payout Ratio distribution charts can be found below:

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

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77GF Score

Step Co Ltd TSE:9795

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

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Step Co Dividend Payout Ratio Calculation

Step Co's Dividend Payout Ratio for the fiscal year that ended in Sep. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Sep. 2025 )	/	EPS without NRI (A: Sep. 2025 )
	=	85	/	170.35
	=	0.50

Step 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 )
	=	44	/	107.781
	=	0.41

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.41 mean?

Step Co (TSE:9795) has a Dividend Payout Ratio of 0.41 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Step Co and its competitors. This is 32% above median its historical median of 0.31. Over the past decade, Step Co's Dividend Payout Ratio has ranged from 0.27 to 0.51. According to the industry distribution chart, Step Co ranks #57 out of 106 companies in the Education industry, placing it in the top 53.8%.

Is Step Co's Dividend Payout Ratio too high?

Step Co's current Dividend Payout Ratio of 0.41 is 32% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.51. The Education industry median Dividend Payout Ratio is 0.49. Step Co's value of 0.41 is 15.5% below this industry median. Based on the distribution chart, Step Co ranks #57 out of 106 companies in the Education industry, which is below the industry midpoint. Overall, Step Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Step Co's Dividend Payout Ratio compare to EDU and TAL?

According to the Education industry distribution chart, Step Co ranks #57 out of 106 companies for Dividend Payout Ratio. This places Step Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.49. Step Co's value of 0.41 is 15.5% below this benchmark. Historically, Step Co's own Dividend Payout Ratio has ranged from 0.27 to 0.51 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.49, Step Co has consistently been below 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 Education company?

The median Dividend Payout Ratio among Education companies is 0.49, based on 106 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. Step Co's current Dividend Payout Ratio of 0.41 is 15.5% below 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 Step Co and its competitors. For the Education industry, the median Dividend Payout Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step Co's current Dividend Payout Ratio is 0.41, which is 32% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Step Co stock overvalued right now?

Based on GuruFocus' analysis, Step Co (TSE:9795) is currently considered Fairly Valued. The stock's GF Value™ is 円2,363.73, compared to a current price of 円2,247.00 — trading 4.9% below its estimated fair value. The current Dividend Payout Ratio is 0.41, which is 32% above median its 10-year median of 0.31 and 15.5% below the Education industry median of 0.49. Step Co's overall GF Score™ is 77/100. 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 Step Co (TSE:9795), the current Dividend Payout Ratio is 0.41 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 Step Co (TSE:9795) Overvalued in 2026?

Based on GuruFocus' analysis, Step Co stock appears to be undervalued. The current stock price of 円2,247.00 is trading 4.9% below its estimated GF Value™ of 円2,363.73. GuruFocus considers Step Co to be Fairly Valued.

Key valuation signals for TSE:9795:

Dividend Payout Ratio: 0.41 (32% above median its 10-year median of 0.31)
GF Value™: 円2,363.73 vs. price of 円2,247.00 (4.9% below fair value)
GF Score™: 77/100
Industry Position: 15.5% below the Education median (#57 of 106)

No single metric tells the full story. See the TSE:9795 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Step Co Business Description

Industry Consumer Defensive Education

Comparable Companies TSE:4714 TSE:9470 TSE:9769 TSE:4718 TSE:6200 TSE:9256 TSE:7366 TSE:4668 TSE:7030 TSE:2415 EDU TAL LAUR GHC CVSA LOPE NSE:PWL LRN HKSE:01797 UTI

Address Fujisawa 602, Kanagawa Prefecture, Fujisawa, JPN, 251-0052

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

Step Co Ltd is a Japan-based company engaged in the operation of private preparatory schools. The company operates cram schools and after-school care facilities, and produces and edits educational materials, as well as prints and binds books. The company is engaged in providing high school entrance exam preparation courses, Teaching Materials Research Division produces manuscripts and original plates for teaching materials, academic programs, physical education, and shogi (Japanese chess), and other activities.

77GF Score

Get the complete analysis for TSE:9795

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

円2,247.00

Price

円2,363.73

GF Value

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