Exploring Top Dividend Stocks In Japan June 2024

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As of June 2024, Japan's stock market presents a mixed landscape, with the Nikkei 225 experiencing slight declines while the broader TOPIX Index shows gains. This divergence underscores the nuanced dynamics at play in Japan's financial markets amidst ongoing monetary policy adjustments by the Bank of Japan and global economic shifts. In such an environment, identifying top dividend stocks requires a focus on companies with robust fundamentals and stable dividends, which can offer investors potential resilience against market volatility and uncertain economic conditions.

Top 10 Dividend Stocks In Japan

Name

Dividend Yield

Dividend Rating

Yamato Kogyo (TSE:5444)

3.76%

★★★★★★

Business Brain Showa-Ota (TSE:9658)

3.67%

★★★★★★

Mitsubishi Shokuhin (TSE:7451)

3.63%

★★★★★★

Globeride (TSE:7990)

3.74%

★★★★★★

HITO-Communications HoldingsInc (TSE:4433)

3.64%

★★★★★★

Ryoyu Systems (TSE:4685)

3.49%

★★★★★★

FALCO HOLDINGS (TSE:4671)

3.49%

★★★★★★

Mitsubishi Research Institute (TSE:3636)

3.44%

★★★★★★

KurimotoLtd (TSE:5602)

4.91%

★★★★★★

GakkyushaLtd (TSE:9769)

4.19%

★★★★★★

Click here to see the full list of 400 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Nissan Chemical

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

Overview: Nissan Chemical Corporation operates in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals sectors both in Japan and globally, with a market capitalization of approximately ¥647.18 billion.

Operations: Nissan Chemical Corporation generates revenue primarily through its trading (¥103.79 billion), chemical (¥35.56 billion), performance materials (¥84.57 billion), agricultural chemicals (¥82.11 billion), and healthcare businesses (¥6.30 billion).

Dividend Yield: 3.5%

Nissan Chemical has demonstrated a consistent dividend policy, maintaining stable dividends over the past decade with a recent affirmation of ¥94.00 per share for FY 2024. However, despite this reliability, the sustainability is questionable as dividends are not well covered by earnings or cash flows, indicated by a high cash payout ratio of 167.6%. Recent strategic moves include an expanded share buyback program to ¥10 billion and increased authorization up to 2.5 million shares, reflecting flexible capital management amid changing market conditions.

TSE:4021 Dividend History as at Jun 2024
TSE:4021 Dividend History as at Jun 2024

SBI Holdings

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

Overview: SBI Holdings, Inc. operates primarily in online securities and investment sectors, with a market capitalization of approximately ¥1.26 trillion.