DOE (dividend on equity), latest fiscal year
All 98 of the 100 with a computed DOE, sorted highest first.
DOE is dividend per share divided by book value per share. Unlike the payout ratio, it does not jump when one year's profit falls. Tokyo-listed companies increasingly state a DOE target in their dividend policy.
2 companies have no figure for the latest fiscal year in the filings.
| Company | DOE | Fiscal year end |
|---|---|---|
| 4519 Chugai Pharmaceutical | 22.1% | Dec 2025 |
| 8697 Japan Exchange Group | 18.17% | Mar 2026 |
| 9434 SoftBank | 15.6% | Mar 2026 |
| 8035 Tokyo Electron | 13.96% | Mar 2026 |
| 6920 Lasertec | 11.95% | Jun 2026 |
| 4307 Nomura Research Institute | 10.19% | Mar 2026 |
| 2914 Japan Tobacco | 10.17% | Dec 2025 |
| 7741 HOYA | 9.7% | Mar 2026 |
| 6146 Disco | 9.34% | Mar 2026 |
| 7974 Nintendo | 8.55% | Mar 2026 |
| 4568 Daiichi Sankyo | 8.53% | Mar 2026 |
| 4503 Astellas Pharma | 7.64% | Mar 2026 |
| 9697 Capcom | 7.04% | Mar 2026 |
| 9983 Fast Retailing | 6.75% | Aug 2025 |
| 9433 KDDI | 6% | Mar 2026 |
| 2802 Ajinomoto | 5.97% | Mar 2026 |
| 7832 Bandai Namco Holdings | 5.44% | Mar 2026 |
| 6857 Advantest | 5.38% | Mar 2026 |
| 6954 Fanuc | 5.36% | Mar 2026 |
| 9766 Konami Group | 5.32% | Mar 2026 |
| 8601 Daiwa Securities Group | 5.03% | Mar 2026 |
| 6301 Komatsu | 4.88% | Mar 2026 |
| 1812 Kajima | 4.81% | Mar 2026 |
| 2503 Kirin Holdings | 4.66% | Dec 2025 |
| 8750 Daiichi Life Group | 4.61% | Mar 2026 |
| 8001 ITOCHU | 4.45% | Mar 2026 |
| 9432 NTT | 4.44% | Mar 2026 |
| 4063 Shin-Etsu Chemical | 4.42% | Mar 2026 |
| 8306 Mitsubishi UFJ Financial Group | 4.36% | Mar 2026 |
| 6981 Murata Manufacturing | 4.35% | Mar 2026 |
| 6702 Fujitsu | 4.28% | Mar 2026 |
| 8058 Mitsubishi Corp. | 4.27% | Mar 2026 |
| 4502 Takeda Pharmaceutical | 4.25% | Mar 2026 |
| 8002 Marubeni | 4.04% | Mar 2026 |
| 7751 Canon | 4.03% | Dec 2025 |
| 8015 Toyota Tsusho | 4.01% | Mar 2026 |
| 5108 Bridgestone | 4.01% | Dec 2025 |
| 8604 Nomura Holdings | 3.99% | Mar 2026 |
| 5016 JX Advanced Metals | 3.95% | Mar 2026 |
| 6525 Kokusai Electric | 3.94% | Mar 2026 |
| 8795 T&D Holdings | 3.87% | Mar 2026 |
| 6861 Keyence | 3.84% | Mar 2026 |
| 8591 ORIX | 3.83% | Mar 2026 |
| 8316 Sumitomo Mitsui Financial Group | 3.8% | Mar 2026 |
| 8031 Mitsui & Co. | 3.72% | Mar 2026 |
| 8725 MS&AD Insurance Group Holdings | 3.62% | Mar 2026 |
| 4507 Shionogi | 3.59% | Mar 2026 |
| 6988 Nitto Denko | 3.52% | Mar 2026 |
| 6501 Hitachi | 3.43% | Mar 2026 |
| 6902 Denso | 3.28% | Mar 2026 |
| 7013 IHI | 3.25% | Mar 2026 |
| 3382 Seven & I Holdings | 3.19% | Feb 2026 |
| 2768 Sojitz | 3.15% | Mar 2026 |
| 8411 Mizuho Financial Group | 3.12% | Mar 2026 |
| 6762 TDK | 3.12% | Mar 2026 |
| 8267 AEON | 3.11% | Feb 2026 |
| 7203 Toyota Motor | 3.1% | Mar 2026 |
| 9735 Secom | 3.08% | Mar 2026 |
| 6367 Daikin Industries | 3.06% | Mar 2026 |
| 9101 Nippon Yusen | 3.04% | Mar 2026 |
| 7272 Yamaha Motor | 3% | Dec 2025 |
| 6273 SMC | 2.99% | Mar 2026 |
| 5713 Sumitomo Metal Mining | 2.97% | Mar 2026 |
| 8801 Mitsui Fudosan | 2.9% | Mar 2026 |
| 4543 Terumo | 2.79% | Mar 2026 |
| 9020 East Japan Railway | 2.74% | Mar 2026 |
| 3407 Asahi Kasei | 2.73% | Mar 2026 |
| 7011 Mitsubishi Heavy Industries | 2.72% | Mar 2026 |
| 5020 ENEOS Holdings | 2.71% | Mar 2026 |
| 7269 Suzuki Motor | 2.62% | Mar 2026 |
| 8630 Sompo Holdings | 2.59% | Mar 2026 |
| 9532 Osaka Gas | 2.55% | Mar 2026 |
| 2502 Asahi Group Holdings | 2.53% | Dec 2025 |
| 6503 Mitsubishi Electric | 2.51% | Mar 2026 |
| 1605 INPEX | 2.45% | Dec 2025 |
| 4578 Otsuka Holdings | 2.44% | Dec 2025 |
| 9503 Kansai Electric Power | 2.42% | Mar 2026 |
| 9104 Mitsui O.S.K. Lines | 2.39% | Mar 2026 |
| 7267 Honda Motor | 2.31% | Mar 2026 |
| 6701 NEC | 2.29% | Mar 2026 |
| 8308 Resona Holdings | 2.25% | Mar 2026 |
| 4661 Oriental Land | 2.24% | Mar 2026 |
| 6098 Recruit Holdings | 2.2% | Mar 2026 |
| 4901 Fujifilm Holdings | 2.2% | Mar 2026 |
| 6326 Kubota | 2.17% | Dec 2025 |
| 9531 Tokyo Gas | 2.14% | Mar 2026 |
| 6723 Renesas Electronics | 2.08% | Dec 2025 |
| 8802 Mitsubishi Estate | 2.06% | Mar 2026 |
| 6971 Kyocera | 2.05% | Mar 2026 |
| 6758 Sony Group | 1.82% | Mar 2026 |
| 6752 Panasonic Holdings | 1.79% | Mar 2026 |
| 4004 Resonac Holdings | 1.68% | Dec 2025 |
| 4689 LY Corp. | 1.67% | Mar 2026 |
| 8830 Sumitomo Realty & Development | 1.64% | Mar 2026 |
| 4062 Ibiden | 1.52% | Mar 2026 |
| 6178 Japan Post Holdings | 1.44% | Mar 2026 |
| 9022 Central Japan Railway | 0.6% | Mar 2026 |
| 9984 SoftBank Group | 0.36% | Mar 2026 |