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Top Japanese (NIKKEI) Semiconductors Dividend Stocks
UPDATED Jun 27, 2022
What are the best Japanese (NIKKEI) Semiconductors Dividend Stocks?
According to our Simply Wall St analysis these are the best Japanese Semiconductors 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.
4 companies meet this criteria in the Japanese market
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 6298's dividend (2.82%) is low compared to the top 25% of dividend payers in the JP market (3.71%).
Future Dividend Coverage
Stable Dividend
Rewards
Earnings are forecast to grow 27.39% per year
Earnings grew by 228.5% over the past year
Risks
Highly volatile share price over the past 3 months
TOWA Corporation designs, develops, manufactures, and sells semiconductor manufacturing equipment and high-precision molds in Japan and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 6315's dividend (2.16%) is low compared to the top 25% of dividend payers in the JP market (3.71%).
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 69.3% below our estimate of its fair value
Earnings are forecast to grow 9.27% per year
Earnings grew by 205.3% over the past year
Risks
High level of non-cash earnings
Volatile share price over the past 3 months
Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 6146's dividend (2.4%) is low compared to the top 25% of dividend payers in the JP market (3.71%).
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 25.2% below our estimate of its fair value
Earnings are forecast to grow 5.85% per year
Earnings have grown 12.7% per year over the past 5 years
Risks
No risks detected for 6146 from our risks checks.
ULVAC, Inc. engages in the development, manufacture, sale, customer support, and import/export of vacuum equipment, peripheral devices, and vacuum components and materials in Japan and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 6728's dividend (2.23%) is low compared to the top 25% of dividend payers in the JP market (3.71%).
Future Dividend Coverage
Stable Dividend
Rewards
Price-To-Earnings ratio (12x) is below the JP market (12.4x)
Earnings are forecast to grow 20.59% per year
Earnings grew by 152.7% over the past year
Risks
No risks detected for 6728 from our risks checks.