Mynavi News presented 4 Japanese stocks with forecast dividend yields of 4% or more and forecast payout ratios of 50% or less, based on closing prices as of 20 August 2026.
The criteria for this selection were Japanese-listed common shares with a forecast dividend yield of at least 4% and a forecast payout ratio of no more than 50%, as well as companies that had disclosed annual dividend guidance and full-year earnings guidance. The dividend yield was calculated by dividing the company’s forecast annual dividend per share by its closing share price, while the payout ratio was based on annual dividends divided by forecast EPS. The objective was to select 4 stocks.
One example is TOMEN DEVICES CORPORATION (2737). Its forecast annual dividend for the fiscal year ending March 2027 is ¥1,640 per share, resulting in a forecast dividend yield of approximately 5.66% based on its closing price on 20 August. Its forecast payout ratio is approximately 37.2%, indicating that although the share price is high, the dividend is also substantial.