Yahoo Finance Exploring Top Dividend Stocks In Japan For June 2024
As of June 2024, Japan's stock markets have shown mixed signals, with the Nikkei 225 experiencing slight declines while the broader TOPIX Index has gained. This divergence reflects ongoing adjustments in monetary policy and external economic influences that could impact investor sentiment towards dividend stocks. In such a market environment, selecting dividend stocks requires a focus on companies with robust fundamentals and a history of stable dividend payouts, which can offer investors potential resilience against market volatility and an additional income stream.
Top 10 Dividend Stocks In Japan
Name | Dividend Yield | Dividend Rating |
Yamato Kogyo (TSE:5444) | 3.63% | ★★★★★★ |
Mitsubishi Shokuhin (TSE:7451) | 3.51% | ★★★★★★ |
Business Brain Showa-Ota (TSE:9658) | 3.70% | ★★★★★★ |
Globeride (TSE:7990) | 3.80% | ★★★★★★ |
HITO-Communications HoldingsInc (TSE:4433) | 3.63% | ★★★★★★ |
Ryoyu Systems (TSE:4685) | 3.51% | ★★★★★★ |
FALCO HOLDINGS (TSE:4671) | 3.47% | ★★★★★★ |
Mitsubishi Research Institute (TSE:3636) | 3.40% | ★★★★★★ |
GakkyushaLtd (TSE:9769) | 4.20% | ★★★★★★ |
Innotech (TSE:9880) | 4.11% | ★★★★★★ |
Click here to see the full list of 366 stocks from our Top Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
NTN
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: NTN Corporation, along with its subsidiaries, specializes in manufacturing and selling bearings, drive shafts, precision equipment, and other products globally, with a market capitalization of approximately ¥175.43 billion.
Operations: NTN Corporation generates revenue primarily from four geographic segments: Japan (¥364.46 billion), Europe (¥193.50 billion), the Americas (¥276.41 billion), and Asia and other regions (¥174.06 billion).
Dividend Yield: 3.3%
NTN Corporation, a Japanese entity, forecasts net sales of JPY 860 billion and operating income of JPY 32 billion for FY ending March 2025. Recent dividend increases reflect improved financial health: quarterly dividends rose from JPY 2.5 to JPY 5.00, with expectations of reaching JPY 5.50 by the end of FY 2025. Despite historical volatility in dividend payments and a low yield compared to peers, dividends are well-covered by earnings (payout ratio: 50.2%) and cash flows (cash payout ratio: 15.4%), suggesting potential stability moving forward.
Click here and access our complete dividend analysis report to understand the dynamics of NTN.
Our valuation report unveils the possibility NTN's shares may be trading at a discount.
Chiyoda IntegreLtd
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Chiyoda Integre Co., Ltd. is engaged in the manufacturing and selling of structural and functional parts for various products across global markets, with a market capitalization of approximately ¥31.81 billion.
Operations: Chiyoda Integre Co., Ltd. generates its revenues primarily from the manufacture and sale of structural and functional parts for diverse products, serving markets both in Japan and internationally.
Dividend Yield: 3.9%
Chiyoda Integre Co., Ltd. has a mixed dividend profile, with a 3.85% yield surpassing the Japanese market average of 3.38%. Despite this, dividends have shown volatility over the past decade and lack consistent growth. The company's dividends are supported by earnings and cash flows, with payout ratios of 45.4% and 39.9%, respectively, indicating reasonable coverage. Recently, Chiyoda Integre announced a share buyback program to repurchase up to ¥1.6 billion worth of shares by November 2024, aiming to enhance shareholder returns amidst fluctuating business conditions.
Musashino Bank
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Musashino Bank, Ltd. operates primarily in Japan, offering banking products and financial services through its subsidiaries, with a market capitalization of approximately ¥110.65 billion.
Operations: Musashino Bank, Ltd. generates revenue primarily from its banking segment (¥63.95 billion), leasing business (¥11.22 billion), and credit guarantee business (¥1.54 billion).
Dividend Yield: 3.3%
Musashino Bank offers a steady dividend yield of 3.29%, slightly below the top quartile in Japan's market. Over the past decade, its dividends have shown consistent growth and stability, supported by a payout ratio of 30.9%, indicating good coverage by earnings. However, it lacks sufficient data to predict future coverage or increases in dividends. Trading at 27.2% under its estimated fair value and with a low allowance for bad loans at 24%, Musashino presents both opportunities and risks for dividend-focused portfolios.
Where To Now?
Unlock more gems! Our Top Dividend Stocks screener has unearthed 363 more companies for you to explore.Click here to unveil our expertly curated list of 366 Top Dividend Stocks.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include TSE:6472 TSE:6915TSE:8336 and
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