3 Japanese Dividend Stocks To Consider With Up To 4.5% Yield
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Japan's stock markets recently experienced volatility due to political developments and monetary policy shifts, with the Nikkei 225 Index and TOPIX Index both registering declines. Despite these fluctuations, investors continue to seek opportunities in dividend stocks, which can offer a steady income stream even amidst market uncertainties. In such an environment, identifying companies with strong fundamentals and consistent dividend payouts can be particularly appealing for those looking to balance risk with potential returns.
Top 10 Dividend Stocks In Japan
| Name | Dividend Yield | Dividend Rating |
| Tsubakimoto Chain (TSE:6371) | 4.15% | ★★★★★★ |
| Globeride (TSE:7990) | 4.17% | ★★★★★★ |
| Yamato Kogyo (TSE:5444) | 4.08% | ★★★★★★ |
| Intelligent Wave (TSE:4847) | 3.88% | ★★★★★★ |
| KurimotoLtd (TSE:5602) | 5.02% | ★★★★★★ |
| Mitsubishi Research Institute (TSE:3636) | 3.75% | ★★★★★★ |
| Business Brain Showa-Ota (TSE:9658) | 4.20% | ★★★★★★ |
| FALCO HOLDINGS (TSE:4671) | 6.28% | ★★★★★★ |
| CAC Holdings (TSE:4725) | 4.43% | ★★★★★★ |
| GakkyushaLtd (TSE:9769) | 4.48% | ★★★★★★ |
Click here to see the full list of 426 stocks from our Top Japanese Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
Pro-Ship
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Pro-Ship Incorporated develops, sells, consults, and customizes solution packages for asset and sales management in Japan with a market cap of ￥20.62 billion.
Operations: Pro-Ship Incorporated's revenue primarily comes from its Package Solutions segment, which generated ￥6.90 billion.
Dividend Yield: 3.1%
Pro-Ship has introduced a progressive dividend policy, aiming for a payout ratio of 40% or higher. This change follows an increased dividend for the fiscal year ending March 2024 and aims to ensure continued growth in dividends. The company's dividends have been stable and reliably growing over the past decade, with current payments covered by both earnings (41.4% payout ratio) and cash flows (51.9%). Despite being dropped from the S&P Global BMI Index, Pro-Ship's earnings grew by 30% last year.
Sanyo Shokai
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Sanyo Shokai Ltd. is a company that manufactures and sells men's and women's clothing and accessories in Japan, with a market cap of ￥32.08 billion.
Operations: Sanyo Shokai Ltd. generates revenue through its core activities of producing and selling apparel and accessories for both men and women in Japan.