Belluna Co (TSE:9997) Dividend Payout Ratio: 0.56 (As of Mar. 2026) — 155% Above Median

What is Belluna Co Dividend Payout Ratio?

Belluna Co TSE:9997 +0.63% 62 Dividend Payout Ratio is 0.56 as of Mar. 2026, which is 155% above its 10-year median of 0.22. GuruFocus rates TSE:9997 with a GF Score™ of 62/100 and a GF Value™ of 円805.94 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 509 Retail - Cyclical companies, Belluna Co ranks better than 64.83% 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. Belluna Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.56.

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

TSE:9997' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.22 Max: 0.32
Current: 0.32

During the past 13 years, the highest Dividend Payout Ratio of Belluna Co was 0.32. The lowest was 0.12. And the median was 0.22.

TSE:9997's Dividend Payout Ratio is ranked better than
64.83% of 509 companies
in the Retail - Cyclical industry
Industry Median: 0.42 vs TSE:9997: 0.32

As of today (2026-07-05), the Dividend Yield % of Belluna Co is 3.95%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Belluna Co was 4.56%. The lowest was 0.83%. And the median was 2.42%.

Belluna Co's Dividends per Share for the months ended in Mar. 2026 was 円23.00.

During the past 12 months, Belluna Co's average Dividends Per Share Growth Rate was 31.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 23.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 17.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Belluna Co was 23.90% per year. The lowest was -20.60% per year. And the median was 7.70% 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.

Belluna Co (TSE:9997) 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.

Belluna Co Dividend Payout Ratio Related Terms

Belluna Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Belluna 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.

Belluna Co Dividend Payout Ratio Chart

Belluna Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

Get a 7-Day Free Trial

0.19

0.25

0.26

0.32

Belluna 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															0.46	0.00	0.67	0.00	0.56

TSE:9997 vs CASY, WSM, DKS: Dividend Payout Ratio Comparison

For the Specialty Retail subindustry, Belluna 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.

Belluna Co Dividend Payout Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Belluna Co's Dividend Payout Ratio distribution charts can be found below:

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

Save Embed

62GF Score

Belluna Co Ltd TSE:9997

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

View Full Analysis

Belluna Co Dividend Payout Ratio Calculation

Belluna 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 )
	=	38	/	118.896
	=	0.32

Belluna 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 )
	=	23	/	41.298
	=	0.56

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.56 mean?

Belluna Co (TSE:9997) has a Dividend Payout Ratio of 0.56 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Belluna Co and its competitors. This is 155% above median its historical median of 0.22. Over the past decade, Belluna Co's Dividend Payout Ratio has ranged from 0.12 to 0.32. According to the industry distribution chart, Belluna Co ranks #179 out of 509 companies in the Retail - Cyclical industry, placing it in the top 35.2%.

Is Belluna Co's Dividend Payout Ratio too high?

Belluna Co's current Dividend Payout Ratio of 0.56 is 155% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.32. The Retail - Cyclical industry median Dividend Payout Ratio is 0.42. Belluna Co's value of 0.56 is 33.3% above this industry median. Based on the distribution chart, Belluna Co ranks #179 out of 509 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Belluna Co has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Belluna Co's Dividend Payout Ratio compare to CASY and WSM?

According to the Retail - Cyclical industry distribution chart, Belluna Co ranks #179 out of 509 companies for Dividend Payout Ratio. This puts Belluna Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.42. Belluna Co's value of 0.56 is 33.3% above this benchmark. Historically, Belluna Co's own Dividend Payout Ratio has ranged from 0.12 to 0.32 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.42, Belluna 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 Retail - Cyclical company?

The median Dividend Payout Ratio among Retail - Cyclical companies is 0.42, based on 509 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. Belluna Co's current Dividend Payout Ratio of 0.56 is 33.3% 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 Belluna Co and its competitors. For the Retail - Cyclical industry, the median Dividend Payout Ratio is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belluna Co's current Dividend Payout Ratio is 0.56, which is 155% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Belluna Co stock overvalued right now?

Based on GuruFocus' analysis, Belluna Co (TSE:9997) is currently considered Modestly Overvalued. The stock's GF Value™ is 円805.94, compared to a current price of 円961.00 — trading 19.2% above its estimated fair value. The current Dividend Payout Ratio is 0.56, which is 155% above median its 10-year median of 0.22 and 33.3% above the Retail - Cyclical industry median of 0.42. Belluna Co's overall GF Score™ is 62/100 with 3 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 Belluna Co (TSE:9997), the current Dividend Payout Ratio is 0.56 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 Belluna Co (TSE:9997) Overvalued in 2026?

Based on GuruFocus' analysis, Belluna Co stock appears to be overvalued. The current stock price of 円961.00 is trading 19.2% above its estimated GF Value™ of 円805.94. GuruFocus considers Belluna Co to be Modestly Overvalued.

Key valuation signals for TSE:9997:

Dividend Payout Ratio: 0.56 (155% above median its 10-year median of 0.22)
GF Value™: 円805.94 vs. price of 円961.00 (19.2% above fair value)
GF Score™: 62/100 with 3 warning signs
Industry Position: 33.3% above the Retail - Cyclical median (#179 of 509)

No single metric tells the full story. See the TSE:9997 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Belluna Co Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies TSE:7513 TSE:2681 TSE:8173 SSE:2928 TSE:3028 TSE:7545 TSE:9842 TSE:7552 TSE:3093 TSE:2751 TSX:ATD CASY WSM DKS ULTA BBY TSCO SHSE:601888 ADX:ADNOCDIST TPE:3045

Other Exchanges 73L:Germany

Address 4-2 Miyamoto-cho, Ageo City, Saitama, JPN, 362-8688

Website http://www.belluna.co.jp

Belluna Co Ltd is primarily a mail-order retailer that sells a wide range of products, including apparel, home furnishings, food, wine, cosmetics, health food, and nursing supplies through catalogs and e-commerce sites. More than 80% of the company's sales come from its mail-order business. Remaining revenue comes from its apparel retail stores; its solution business, which offers outsourced services for Belluna's corporate clients; its finance business, which offers financing services that target mail-order customers; and its property business, which leases office and commercial space and engages in property development. Nearly all the company's sales are in Japan.

62GF Score

Get the complete analysis for TSE:9997

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

円961.00

Price

円805.94

GF Value

View TSE:9997 Analysis

See Dividend Payout Ratio data for all stocks →