Ahead of September’s dividend entitlement date, 20 high-dividend value stocks have been carefully selected based on stock price and earnings data as of 28 August. Their business stability after the ex-rights date is also assessed.
Against a backdrop of changing conditions surrounding dividend stocks, the importance of selecting high-dividend value stocks has increased under the influence of monetary easing. This feature screens 20 stocks based on stock prices at the end of August, evaluating expected dividend yield, PER, PBR, earnings for the fiscal year ending March 2027, dividend increases and shareholder return policies across the board.
The selection goes beyond mechanically identifying stocks with a PBR below 1x, taking a comprehensive view of their valuation based on earnings, scope for dividend increases and ability to generate cash from their businesses. It also places emphasis on whether each business can continue to create value after the ex-rights date.
Two specific examples, フージャースホールディングス and 東亜道路工業, are discussed in detail. フージャースHD is characterized by its closing share price in the low ¥1,340s on 28 August 2026, an expected full-year dividend of ¥75 for the fiscal year ending March 2027, an expected dividend yield of approximately 5.6%, a PER of approximately 7.6x and a PBR of 1.07x, all relatively low levels. First-quarter revenue increased substantially year on year, and the company has returned to profitability. 東亜道路工業 has a share price of ¥1,628, an expected full-year dividend of ¥90 for the fiscal year ending March 2027, an expected dividend yield of approximately 5.5%, a PER of approximately 17.9x and a PBR of 1.47x. Although first-quarter revenue increased, construction orders have been trending lower year on year.
Risk factors include real estate market conditions, construction material costs and the timing of public works orders. The article emphasizes the need to confirm capacity for shareholder returns and monitor order trends over the medium to long term.