Hikari Tsushin screened 17 stocks expected to have dividend yields of 4% or more for the current fiscal year as investment candidates, then selected those meeting the condition of a market capitalization of ¥30 billion or more. It also ranks stocks in which the Hikari Tsushin Group holds a stake of 3% or more.
Hikari Tsushin selected, from among 374 companies, stocks with forecast dividend yields of 4% or more for the current fiscal year as high-dividend stocks in which the group holds relatively large stakes. It then narrowed the list based on a market capitalization of ¥30 billion or more, a threshold indicating a certain scale, reducing the number of eligible stocks to 17.
These 17 stocks were required to have an Hikari Tsushin Group ownership stake of 3% or more. Stocks with higher ownership stakes are generally considered more likely to be affected by share-price movements. The article notes that many of the stocks covered are small-cap stocks and says that the distribution of market capitalizations also has distinctive characteristics.
The article also includes a list of 31 companies that filed large shareholding reports over the past year, drawing attention to developments in stocks whose ownership by the Hikari Tsushin Group became known. It reports that these developments, together with high dividend yields and ownership structures, are important factors in selecting stocks.