Exploring Tohokushinsha Film And Two More Top Dividend Stocks In Japan

In This Article:

As Japan's stock markets navigate mixed signals, with the Nikkei 225 showing modest gains amidst a strengthening yen and supportive services sector data, investors are keenly observing market dynamics. In this context, dividend stocks like Tohokushinsha Film offer a particular appeal due to their potential for providing steady income in an environment where economic indicators and central bank policies suggest cautious optimism.

Top 10 Dividend Stocks In Japan

Name

Dividend Yield

Dividend Rating

Yamato Kogyo (TSE:5444)

3.78%

★★★★★★

Business Brain Showa-Ota (TSE:9658)

3.66%

★★★★★★

Mitsubishi Shokuhin (TSE:7451)

3.55%

★★★★★★

Globeride (TSE:7990)

3.62%

★★★★★★

HITO-Communications HoldingsInc (TSE:4433)

3.54%

★★★★★★

Ryoyu Systems (TSE:4685)

3.47%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.77%

★★★★★★

KurimotoLtd (TSE:5602)

5.13%

★★★★★★

GakkyushaLtd (TSE:9769)

4.12%

★★★★★★

Innotech (TSE:9880)

4.08%

★★★★★★

Click here to see the full list of 389 stocks from our Top Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Tohokushinsha Film

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

Overview: Tohokushinsha Film Corporation, with a market capitalization of ¥74.12 billion, operates as a media business company in Japan, engaging in a range of activities including film production and distribution.

Operations: Tohokushinsha Film Corporation generates its revenue through activities such as film production and distribution in Japan.

Dividend Yield: 4.7%

Tohokushinsha Film has demonstrated a mixed performance in its dividend strategy. While the company's dividends are supported by both earnings and cash flows, with a payout ratio of 28.4% and a cash payout ratio of 63.4%, its dividend history shows volatility over the past decade. Recently, Tohokushinsha announced significant increases in its year-end dividend for FY 2024 to JPY 78 per share, up from JPY 19 previously; however, it anticipates reducing this to JPY 20 per share by the end of FY 2025. This fluctuation suggests potential instability in future payouts despite current coverage levels.

TSE:2329 Dividend History as at Jun 2024
TSE:2329 Dividend History as at Jun 2024

Cosmo Energy Holdings

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

Overview: Cosmo Energy Holdings Co., Ltd. operates in the oil industry both in Japan and internationally, with a market capitalization of approximately ¥691.99 billion.

Operations: Cosmo Energy Holdings Co., Ltd. generates revenue primarily from its Oil Business at ¥2.45 billion, followed by the Petrochemical Business at ¥0.36 billion, Oil Exploration and Production at ¥0.13 billion, and Renewable Energy Business at ¥0.01 billion.