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Operations: Moriroku Holdings Company, Ltd. generates revenue from its Resin Processed Products Business and Chemical Business, with ¥124.25 billion and ¥28.40 billion respectively.

Dividend Yield: 5.2%

Moriroku Holdings Company's dividend payments have increased recently to JPY 52.5 per share, yet its six-year dividend history has been marked by volatility, including annual drops over 20%. Despite this, dividends are well-covered by earnings (67.6% payout ratio) and cash flows (27.3% cash payout ratio). The yield is in the top 25% of JP market payers at 5.21%, and the stock trades at a discount to estimated fair value, though reliability remains an issue.

• Get an in-depth perspective on Moriroku Holdings Company's performance by reading our dividend report here.

• Our valuation report here indicates Moriroku Holdings Company may be overvalued.

IDEC

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

Overview: IDEC Corporation develops human machine interfaces, industrial switches, control devices, and solutions for daily life scenes in Japan and internationally, with a market cap of ¥70.29 billion.

Operations: IDEC Corporation's revenue is primarily derived from its operations in Japan (¥34.33 billion), followed by the Europe, Middle East and Africa region (¥18.77 billion), Asia-Pacific (¥17.50 billion), and the Americas (¥14.49 billion).

Dividend Yield: 5.3%

IDEC Corporation's dividend yield of 5.35% is among the top 25% in Japan, but its sustainability is questionable due to a high payout ratio of 152.2%, indicating dividends are not well covered by earnings. Despite trading at a significant discount to fair value, profit margins have declined from last year, and dividend payments have been volatile with drops over 20%. However, cash flows reasonably cover the dividends with a cash payout ratio of 56.8%.

• Navigate through the intricacies of IDEC with our comprehensive dividend report here.

• In light of our recent valuation report, it seems possible that IDEC is trading beyond its estimated value.

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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 SET:TTB TSE:4249 and TSE:6652.

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