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Top Japanese (NIKKEI) Automobiles Dividend Stocks
UPDATED Jul 01, 2022
What are the best Japanese (NIKKEI) Automobiles Dividend Stocks?
According to our Simply Wall St analysis these are the best Japanese Automobiles dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.
Our criteria to find Top Dividend Companies
High Yield
- Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
- Yields vary between markets, so we focus on the top dividend payers in each market.
What do we look for?
- Is the yield in the top 25% of the market's dividend payers.
Consistent Dividends
- Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
- If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.
What do we look for?
- Has the dividend been stable over the last 10 years.
- Has the dividend grown over the last 10 years.
Dividend Cover
- Ideally the company doesn't pay out all of its earnings, neglecting future growth.
- If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.
What do we look for?
- Are dividends covered by earnings.
- Are dividends forecast to be covered by earnings in the future.
Healthy Balance Sheet
- Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
7 companies meet this criteria in the Japanese market
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
High Dividend: 7313's dividend (4.48%) is in the top 25% of dividend payers in the JP market (3.74%)
Notable Dividend
Future Dividend Coverage
Rewards
Trading at 58.7% below our estimate of its fair value
Earnings are forecast to grow 26.36% per year
Risks
Profit margins (3.5%) are lower than last year (6%)
Aisan Industry Co., Ltd. manufactures and sells automotive parts in Japan and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 7283's dividend (4.36%) is in the top 25% of dividend payers in the JP market (3.74%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Price-To-Earnings ratio (6.3x) is below the JP market (12.3x)
Earnings are forecast to grow 12.86% per year
Earnings grew by 93.8% over the past year
Risks
No risks detected for 7283 from our risks checks.
Topre Corporation manufactures and sells components and products for automobiles, temperature-controlled logistics, air-conditioning systems, and electronic equipment in Japan, the United States, China, Mexico, and Thailand.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 5975's dividend (2.01%) is low compared to the top 25% of dividend payers in the JP market (3.74%).
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 66.3% below our estimate of its fair value
Earnings are forecast to grow 9.52% per year
Risks
No risks detected for 5975 from our risks checks.
Toyota Boshoku Corporation manufactures and sells automotive interior systems and products, automotive filter and power train equipment components, automotive components, and fabric goods in Japan, the United States, rest of Asia, Oceania, China, Europe, and Africa.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 3116's dividend (3.6%) is low compared to the top 25% of dividend payers in the JP market (3.74%).
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 54.5% below our estimate of its fair value
Earnings are forecast to grow 15.36% per year
Risks
No risks detected for 3116 from our risks checks.
Aisin Corporation manufactures and sells automotive parts, and energy- and lifestyle-related products.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 7259's dividend (4.16%) is in the top 25% of dividend payers in the JP market (3.74%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 59.2% below our estimate of its fair value
Earnings are forecast to grow 9.3% per year
Risks
No risks detected for 7259 from our risks checks.
Sumitomo Rubber Industries, Ltd., together with its subsidiaries, offers tires, sports, and industrial and other products in Japan, rest of Asia, Europe, North America, and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 5110's dividend (3.94%) is in the top 25% of dividend payers in the JP market (3.74%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 4.4% below our estimate of its fair value
Earnings are forecast to grow 11.46% per year
Risks
Profit margins (3.1%) are lower than last year (4.5%)
JTEKT Corporation manufactures and sells steering systems, driveline components, bearings, machine tools, electronic control devices, home accessory equipment, etc.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 6473's dividend (2.18%) is low compared to the top 25% of dividend payers in the JP market (3.74%).
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 69.5% below our estimate of its fair value
Earnings are forecast to grow 22.7% per year
Earnings grew by 2485.3% over the past year
Risks
No risks detected for 6473 from our risks checks.