Japan ExcellentTSE:8987 +1.01%68 Dividend Yield % is 4.42% as of Jun. 26, 2026, which is 10% above its 10-year median of 4.02. GuruFocus rates TSE:8987 with a GF Score™ of 68/100 and a GF Value™ of 円128,665.08 (Fairly Valued). The stock has 6 warning signs investors should review. Among 877 REITs companies, Japan Excellent ranks worse than 79.36% on this metric.
As of today (2026-06-26), the Trailing Annual Dividend Yield of Japan Excellent is 4.42%.
Good Sign:
Japan Excellent Inc stock Dividend Yield % is close to 5-year high.
The historical rank and industry rank for Japan Excellent's Dividend Yield % or its related term are showing as below:
TSE:8987'
s Dividend Yield % Range Over the Past 10 Years
Min: 2.34 Med: 4.02 Max: 6.19
Current: 4.42
During the past 13 years, the highest Dividend Yield of Japan Excellent was 6.19%. The lowest was 2.34%. And the median was 4.02%.
TSE:8987's Dividend Yield % is ranked worse than 79.36% of 877
companies
in the REITs industry
Industry Median: 6.79
vs TSE:8987: 4.42
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Japan Excellent Inc is 0.91, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Japan Excellent was 1.05. The lowest was 0.83. And the median was 0.97.
During the past 12 months, Japan Excellent's average Dividends Per Share Growth Rate was 9.10% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 3.10% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 0.20% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 1.60% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Japan Excellent was 15.00% per year. The lowest was -9.60% per year. And the median was 1.30% 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.
Japan Excellent (TSE:8987) 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 Japan Excellent'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:8987 vs BXP, ARE, VNO: Dividend Yield % Comparison
For the REIT - Office subindustry, Japan Excellent'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.
Japan Excellent Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Japan Excellent's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Japan Excellent's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Japan Excellent Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
JPY 3036.000000
2025-12-29
2025-12-31
2026-03-19
Cash Dividend
semi-annually
JPY:JPY 1.000000
JPY 3106.000000
2025-06-27
2025-06-30
2025-09-19
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.
Japan Excellent's Trailing Annual Dividend Yield (%) for Today is calculated as
Japan Excellent's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
6072
/
140300.00
=
4.33 %
Current Share Price is 円140300.00. Japan Excellent's Dividends per Share for the forward twelve months is calculated as 円3036 * 2 = 円6072.
* 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.
Japan Excellent (TSE:8987) has a Dividend Yield % of 4.42% as of Jun. 26, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Japan Excellent and its competitors. This is 10% above median its historical median of 4.02. Over the past decade, Japan Excellent's Dividend Yield % has ranged from 2.34 to 6.19. According to the industry distribution chart, Japan Excellent ranks #696 out of 877 companies in the REITs industry, placing it in the top 79.4%.
Is Japan Excellent's Dividend Yield % too high?
Japan Excellent's current Dividend Yield % of 4.42% is 10% above median its 10-year median of 4.02. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 6.19. The REITs industry median Dividend Yield % is 6.79. Japan Excellent's value of 4.42% is 34.9% below this industry median. Based on the distribution chart, Japan Excellent ranks #696 out of 877 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Japan Excellent has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Excellent's Dividend Yield % compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Excellent ranks #696 out of 877 companies for Dividend Yield %. This places Japan Excellent in the lower half of its industry. The industry median Dividend Yield % is 6.79. Japan Excellent's value of 4.42% is 34.9% below this benchmark. Historically, Japan Excellent's own Dividend Yield % has ranged from 2.34 to 6.19 over the past decade. While the company's 10-year median is 4.02 vs. the industry median of 6.79, Japan Excellent 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 Yield % for a REITs company?
The median Dividend Yield % among REITs companies is 6.79, based on 877 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. Japan Excellent's current Dividend Yield % of 4.42% is 34.9% 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 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 Japan Excellent and its competitors. For the REITs industry, the median Dividend Yield % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Excellent's current Dividend Yield % is 4.42%, which is 10% above median its own 10-year median of 4.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Excellent stock overvalued right now?
Based on GuruFocus' analysis, Japan Excellent (TSE:8987) is currently considered Fairly Valued. The stock's GF Value™ is 円128,665.08, compared to a current price of 円140,300.00 — trading 9% above its estimated fair value. The current Dividend Yield % is 4.42%, which is 10% above median its 10-year median of 4.02 and 34.9% below the REITs industry median of 6.79. Japan Excellent's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Japan Excellent (TSE:8987), the current Dividend Yield % is 4.42% 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 Japan Excellent (TSE:8987) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Excellent stock appears to be overvalued.
The current stock price of 円140,300.00 is trading 9% above its estimated GF Value™ of 円128,665.08.
GuruFocus considers Japan Excellent to be Fairly Valued.
Key valuation signals for TSE:8987:
Dividend Yield %: 4.42% (10% above median its 10-year median of 4.02)
GF Value™: 円128,665.08 vs. price of 円140,300.00 (9% above fair value)
Industry Position: 34.9% below the REITs median (#696 of 877)
No single metric tells the full story. See the TSE:8987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.
68GF Score
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