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Dividend Yield: 3.8%

Oriental Shiraishi's dividend yield of 3.81% ranks in the top 25% of the JP market, supported by a low payout ratio of 34.9%, ensuring coverage by earnings and cash flows. Despite recent growth in earnings by 37.3%, future forecasts indicate a potential decline, raising concerns about sustainability. The company has increased its dividend to JPY 7 per share but has an unstable track record with volatile payments over its three-year history, highlighting reliability issues for investors seeking consistent returns.

• Click here and access our complete dividend analysis report to understand the dynamics of Oriental Shiraishi.

• Our valuation report here indicates Oriental Shiraishi may be undervalued.

Soda Nikka

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

Overview: Soda Nikka Co., Ltd. is involved in the trading of chemicals both within Japan and internationally, with a market cap of ¥26.16 billion.

Operations: Soda Nikka Co., Ltd.'s revenue is primarily derived from its Chemicals Business, which accounts for ¥42.91 billion, and its Functional Materials Business, contributing ¥14.86 billion.

Dividend Yield: 3%

Soda Nikka's dividend yield of 3.01% is below the top quartile in Japan, with a payout ratio of 31.5%, indicating coverage by earnings but not free cash flows. Despite stable and growing dividends over the past decade, recent guidance suggests a decrease in year-end dividends from JPY 21 to JPY 17 per share for fiscal year ending March 2025. The company's price-to-earnings ratio stands at an attractive 11.1x compared to the market average of 13.7x, though impacted by large one-off items affecting earnings quality.

• Click to explore a detailed breakdown of our findings in Soda Nikka's dividend report.

• According our valuation report, there's an indication that Soda Nikka's share price might be on the expensive side.

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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 DFM:MASQ TSE:1786 and TSE:8158.

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