Air WaterTSE:4088 -2.87%84 Dividend Yield % is 2.62% as of Jun. 26, 2026, which is 5% below its 10-year median of 2.77. GuruFocus rates TSE:4088 with a GF Score™ of 84/100 and a GF Value™ of 円2,209.90 (Modestly Overvalued). The stock has 14 warning signs investors should review. Among 1,067 Chemicals companies, Air Water ranks better than 71.42% on this metric.
As of today (2026-06-26), the Trailing Annual Dividend Yield of Air Water is 2.62%.
Warning Sign:
Air Water Inc stock Dividend Yield % is close to 2-year low.
The historical rank and industry rank for Air Water's Dividend Yield % or its related term are showing as below:
TSE:4088'
s Dividend Yield % Range Over the Past 10 Years
Min: 1.28 Med: 2.77 Max: 4.25
Current: 2.62
During the past 13 years, the highest Dividend Yield of Air Water was 4.25%. The lowest was 1.28%. And the median was 2.77%.
TSE:4088's Dividend Yield % is ranked better than 71.42% of 1067
companies
in the Chemicals industry
Industry Median: 1.48
vs TSE:4088: 2.62
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Air Water Inc is 1.72, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Air Water was 1.72. The lowest was 0.25. And the median was 0.29.
During the past 12 months, Air Water's average Dividends Per Share Growth Rate was 22.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 10.20% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 11.40% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 10.10% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Air Water was 16.30% per year. The lowest was 0.00% per year. And the median was 8.70% 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.
Air Water (TSE:4088) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, 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.
The historical data trend for Air Water's Dividend Yield % 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.
TSE:4088 vs LIN, SHW, ECL: Dividend Yield % Comparison
For the Specialty Chemicals subindustry, Air Water's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.
Air Water Dividend Yield % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Water's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Air Water's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Air Water Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
JPY 37.500000
2026-03-30
2026-03-31
0000-00-00
Cash Dividend
semi-annually
JPY:JPY 1.000000
JPY 37.500000
2025-09-29
2025-09-30
2025-12-08
Cash Dividend
semi-annually
JPY:JPY 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Air Water's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
75
/
2778.00
=
2.70 %
Current Share Price is 円2778.00. Air Water's Dividends per Share for the trailing twelve months (TTM) ended in Today is 円75.
Air Water's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
75
/
2778.00
=
2.70 %
Current Share Price is 円2778.00. Air Water's Dividends per Share for the forward twelve months is calculated as 円37.5 * 2 = 円75.
* 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.
Air Water (TSE:4088) has a Dividend Yield % of 2.62% as of Jun. 26, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Air Water and its competitors. This is near median its historical median of 2.77. Over the past decade, Air Water's Dividend Yield % has ranged from 1.28 to 4.25. According to the industry distribution chart, Air Water ranks #305 out of 1067 companies in the Chemicals industry, placing it in the top 28.6%.
Is Air Water's Dividend Yield % too high?
Air Water's current Dividend Yield % of 2.62% is near median its 10-year median of 2.77. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 4.25. The Chemicals industry median Dividend Yield % is 1.48. Air Water's value of 2.62% is 77% above this industry median. Based on the distribution chart, Air Water ranks #305 out of 1067 companies in the Chemicals industry, which is above the industry midpoint. Overall, Air Water has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Water's Dividend Yield % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Water ranks #305 out of 1067 companies for Dividend Yield %. This puts Air Water in the upper half of its industry. The industry median Dividend Yield % is 1.48. Air Water's value of 2.62% is 77% above this benchmark. Historically, Air Water's own Dividend Yield % has ranged from 1.28 to 4.25 over the past decade. While the company's 10-year median is 2.77 vs. the industry median of 1.48, Air Water 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 Yield % for a Chemicals company?
The median Dividend Yield % among Chemicals companies is 1.48, based on 1,067 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Water's current Dividend Yield % of 2.62% is 77% 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 Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Air Water and its competitors. For the Chemicals industry, the median Dividend Yield % is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Water's current Dividend Yield % is 2.62%, which is near median its own 10-year median of 2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Water stock overvalued right now?
Based on GuruFocus' analysis, Air Water (TSE:4088) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,209.90, compared to a current price of 円2,778.00 — trading 25.7% above its estimated fair value. The current Dividend Yield % is 2.62%, which is near median its 10-year median of 2.77 and 77% above the Chemicals industry median of 1.48. Air Water's overall GF Score™ is 84/100 with 14 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Air Water (TSE:4088), the current Dividend Yield % is 2.62% as of Jun. 26, 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 Air Water (TSE:4088) Overvalued in 2026?
Based on GuruFocus' analysis, Air Water stock appears to be overvalued.
The current stock price of 円2,778.00 is trading 25.7% above its estimated GF Value™ of 円2,209.90.
GuruFocus considers Air Water to be Modestly Overvalued.
Key valuation signals for TSE:4088:
Dividend Yield %: 2.62% (near median its 10-year median of 2.77)
GF Value™: 円2,209.90 vs. price of 円2,778.00 (25.7% above fair value)
Industry Position: 77% above the Chemicals median (#305 of 1067)
No single metric tells the full story. See the TSE:4088 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Water Inc is a diversified conglomerate engaged in the supply of industrial gases and various other businesses and services. The company operates through five segments. The Agri & Foods segment covers the processing and distribution of fruits and vegetables, frozen foods, meat products, and contract manufacturing of beverages. The Digital & Industry segment focuses on industrial gases, electrical, and functional materials. The Energy Solutions segment deals with LP gas, kerosene, and related equipment. The Health & Safety segment provides medical gases, dental and protective materials, hospital equipment, and home medical care services. The Other Businesses segment includes logistics, salt production, overseas industrial gas operations, biomass power, and high-output UPS solutions.
84GF Score
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