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Top Japanese (NIKKEI) Consumer Durables Dividend Stocks
UPDATED Jun 22, 2022
What are the best Japanese (NIKKEI) Consumer Durables Dividend Stocks?
According to our Simply Wall St analysis these are the best Japanese Consumer Durables 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.
5 companies meet this criteria in the Japanese market
TSE:6694
Zoom
Zoom Corporation develops and sells electronic musical devices.
Dividend Criteria
Earnings Coverage
High Dividend: 6694's dividend (4.91%) is in the top 25% of dividend payers in the JP market (3.76%)
Notable Dividend
Future Dividend Coverage
Growing Dividend
Stable Dividend
Rewards
Trading at 21.7% below our estimate of its fair value
Earnings are forecast to grow 35.28% per year
Risks
Highly volatile share price over the past 3 months
Does not have a meaningful market cap (Â¥4B)
Profit margins (4.4%) are lower than last year (8%)
TSE:1766
Token
Token Corporation operates as a construction company in Japan.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 1766's dividend (3.51%) is low compared to the top 25% of dividend payers in the JP market (3.76%).
Future Dividend Coverage
Rewards
Price-To-Earnings ratio (9.3x) is below the JP market (12.2x)
Earnings are forecast to grow 9.79% per year
Risks
No risks detected for 1766 from our risks checks.
TSE:3569
SeirenLtd
Seiren Co.,Ltd. plans, manufactures, and markets textile and chemical products, industrial machines, and electronic parts in Japan and internationally.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 3569's dividend (2.06%) is low compared to the top 25% of dividend payers in the JP market (3.76%).
Future Dividend Coverage
Rewards
Trading at 52.7% below our estimate of its fair value
Earnings are forecast to grow 11.23% per year
Earnings grew by 36.8% over the past year
Risks
No risks detected for 3569 from our risks checks.
TSE:6788
Nihon Trim
Nihon Trim Co., Ltd. develops and sells electrolyzed hydrogen water systems in Japan and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 6788's dividend (2.43%) is low compared to the top 25% of dividend payers in the JP market (3.76%).
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 76.4% below our estimate of its fair value
Earnings are forecast to grow 12.99% per year
Earnings grew by 27.4% over the past year
Risks
No risks detected for 6788 from our risks checks.
TSE:7856
Hagihara Industries
Hagihara Industries Inc. manufactures and sells flat yarns and relevant machinery in Japan.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 7856's dividend (3.34%) is low compared to the top 25% of dividend payers in the JP market (3.76%).
Future Dividend Coverage
Rewards
Price-To-Earnings ratio (11.5x) is below the JP market (12.2x)
Earnings are forecast to grow 20.99% per year
Risks
No risks detected for 7856 from our risks checks.