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Dividend Yield: 5.2%

Nippon Yakin Kogyo provides a notable dividend yield of 5.24%, ranking in the top 25% of Japanese market payers, with dividends well-covered by earnings (13.9% payout ratio) and cash flows (40% cash payout ratio). However, its dividend history is less stable, having only been paid for nine years with some volatility. Despite this, the stock trades at a significant discount to estimated fair value, offering potential value despite high debt levels.

• Unlock comprehensive insights into our analysis of Nippon Yakin Kogyo stock in this dividend report.

• The valuation report we've compiled suggests that Nippon Yakin Kogyo's current price could be quite moderate.

Maezawa Kasei Industries

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Maezawa Kasei Industries Co., Ltd. specializes in the production and sale of water and sewerage related products, as well as environmental equipment, with a market cap of ¥26.10 billion.

Operations: Revenue Segments (in millions of ¥): The company's revenue is derived from its core segments, including water and sewerage related products and environmental equipment.

Dividend Yield: 3.4%

Maezawa Kasei Industries' dividend yield of 3.41% is below the top 25% in Japan, and while dividends have grown steadily over the past decade, they are not well covered by free cash flow due to a high cash payout ratio of 105.4%. However, dividends are well covered by earnings with a low payout ratio of 23.8%. Recent earnings growth of 11.1% suggests potential for future dividend sustainability despite current coverage concerns.

• Click here and access our complete dividend analysis report to understand the dynamics of Maezawa Kasei Industries.

• Upon reviewing our latest valuation report, Maezawa Kasei Industries' share price might be too optimistic.

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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:5288 TSE:5480 and TSE:7925.

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