Nihon Denkei Co (TSE:9908) Dividend Payout Ratio: 0.39 (As of Mar. 2026) — 34% Above Median

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TSE:9908 Nihon Denkei Co Ltd TSE:9908
82 GF Score
Price 円2,871.00
GF Value 円2,543.65
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nihon Denkei Co Dividend Payout Ratio?

Nihon Denkei Co TSE:9908 +2.06% 82 Dividend Payout Ratio is 0.39 as of Mar. 2026, which is 34% above its 10-year median of 0.29. GuruFocus rates TSE:9908 with a GF Score™ of 82/100 and a GF Value™ of 円2,543.65 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 523 Business Services companies, Nihon Denkei Co ranks better than 73.04% 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. Nihon Denkei Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.39.

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

TSE:9908' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.29   Max: 0.34
Current: 0.27

During the past 13 years, the highest Dividend Payout Ratio of Nihon Denkei Co was 0.34. The lowest was 0.16. And the median was 0.29.

TSE:9908's Dividend Payout Ratio is ranked better than
73.04% of 523 companies
in the Business Services industry
Industry Median: 0.44 vs TSE:9908: 0.27

As of today (2026-08-29), the Dividend Yield % of Nihon Denkei Co is 3.45%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Nihon Denkei Co was 5.49%. The lowest was 1.59%. And the median was 3.63%.

Nihon Denkei Co's Dividends per Share for the months ended in Mar. 2026 was 円54.00.

During the past 12 months, Nihon Denkei Co's average Dividends Per Share Growth Rate was 11.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 20.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 16.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nihon Denkei Co was 91.30% per year. The lowest was 2.80% per year. And the median was 9.60% 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.

Nihon Denkei Co (TSE:9908) 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.

Nihon Denkei Co Dividend Payout Ratio Related Terms

Nihon Denkei Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nihon Denkei 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.

Nihon Denkei Co Dividend Payout Ratio Chart

Nihon Denkei 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 0.33 0.31 0.32 0.34 0.31

Nihon Denkei Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.74 0.00 0.39 0.00

TSE:9908 vs URI, SUNB, AER: Dividend Payout Ratio Comparison

For the Rental & Leasing Services subindustry, Nihon Denkei 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.

Nihon Denkei Co Dividend Payout Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Nihon Denkei Co's Dividend Payout Ratio distribution charts can be found below:

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


TSE:9908
82GF Score
Nihon Denkei Co Ltd TSE:9908
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nihon Denkei 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.

Nihon Denkei 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 )
=97/ 317.354
=0.31

Nihon Denkei 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 )
=54/ 137.895
=0.39

* 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 0.39 mean?
Nihon Denkei Co (TSE:9908) has a Dividend Payout Ratio of 0.39 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nihon Denkei Co and its competitors. This is 34% above median its historical median of 0.29. Over the past decade, Nihon Denkei Co's Dividend Payout Ratio has ranged from 0.16 to 0.34. According to the industry distribution chart, Nihon Denkei Co ranks #141 out of 523 companies in the Business Services industry, placing it in the top 27%.
Is Nihon Denkei Co's Dividend Payout Ratio too high?
Nihon Denkei Co's current Dividend Payout Ratio of 0.39 is 34% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.34. The Business Services industry median Dividend Payout Ratio is 0.44. Nihon Denkei Co's value of 0.39 is 11.4% below this industry median. Based on the distribution chart, Nihon Denkei Co ranks #141 out of 523 companies in the Business Services industry, which is above the industry midpoint. Overall, Nihon Denkei Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Denkei Co's Dividend Payout Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, Nihon Denkei Co ranks #141 out of 523 companies for Dividend Payout Ratio. This puts Nihon Denkei Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.44. Nihon Denkei Co's value of 0.39 is 11.4% below this benchmark. Historically, Nihon Denkei Co's own Dividend Payout Ratio has ranged from 0.16 to 0.34 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.44, Nihon Denkei 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 a Business Services company?
The median Dividend Payout Ratio among Business Services companies is 0.44, based on 523 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. Nihon Denkei Co's current Dividend Payout Ratio of 0.39 is 11.4% 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 Nihon Denkei Co and its competitors. For the Business Services industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Denkei Co's current Dividend Payout Ratio is 0.39, which is 34% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Denkei Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Denkei Co (TSE:9908) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,543.65, compared to a current price of 円2,871.00 — trading 12.9% above its estimated fair value. The current Dividend Payout Ratio is 0.39, which is 34% above median its 10-year median of 0.29 and 11.4% below the Business Services industry median of 0.44. Nihon Denkei Co's overall GF Score™ is 82/100 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 Nihon Denkei Co (TSE:9908), the current Dividend Payout Ratio is 0.39 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 Nihon Denkei Co (TSE:9908) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Denkei Co stock appears to be overvalued. The current stock price of 円2,871.00 is trading 12.9% above its estimated GF Value™ of 円2,543.65. GuruFocus considers Nihon Denkei Co to be Modestly Overvalued.

Key valuation signals for TSE:9908:

  • Dividend Payout Ratio: 0.39 (34% above median its 10-year median of 0.29)
  • GF Value™: 円2,543.65 vs. price of 円2,871.00 (12.9% above fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 11.4% below the Business Services median (#141 of 523)

No single metric tells the full story. See the TSE:9908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nihon Denkei Co Business Description

Address ND Building 5-14-12 ueno, Taito-ku, Tokyo, JPN, 110-0005
Nihon Denkei Co Ltd is engaged in the leasing and rental business of electronic measuring instruments, system equipment, electronic parts, and others. Its three reportable segments being Japan, China, and Other, including Southeast Asia. It derives maximum revenue from Japan.
82GF Score

Get the complete analysis for TSE:9908

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

円2,871.00
Price
円2,543.65
GF Value