Five Japanese stocks approach ex-dividend dates on September 29 with sustainable payments.

Toyota Tsusho’s upcoming ¥62 dividend follows total distributions of ¥125 per share over the previous 12 months; the stock was trading at ¥7,463 when the yield was calculated.
Japan Cash Machine distributed ¥46 per share over the past year, and its 3.7% trailing yield was based on a share price of ¥1,260.
Adeka’s dividend represented 35% of earnings and 58% of free cash flow in the past year, figures that provide the specific basis for the article’s assessment that the payment is covered.
Techno Ryowa paid total dividends of ¥176 per share over the previous 12 months; its next ¥88 payment was based on a share price of ¥7,130.
The articles explain that purchases made on or after the September 29 ex-dividend date generally will not settle in time to place investors on the record-date shareholder register, because Japanese stock trades require at least two business days to settle.
Five Japanese companies are approaching ex-dividend dates on September 29, 2026, meaning investors must buy shares before then to qualify for upcoming payments Simply Wall St. Toyota Tsusho will pay ¥62 per share on November 26, while Japan Cash Machine, Adeka, Techno Ryowa, and Kyowa will distribute dividends between December 4 and December 10. The ex-dividend cutoff matters because Japanese stock trades require at least two business days to settle, and purchases on or after September 29 won't settle in time for investors to appear on the shareholder record.
Investors have until September 27 to buy shares and be included in the official shareholder record. September 29 marks the ex-dividend date Simply Wall St, when the cutoff takes effect. Trades settling on or after that date won't qualify for this distribution cycle because Japanese settlement takes two business days. The official record date is September 30, determining who receives the upcoming dividend payments.
Toyota Tsusho offers a ¥62 dividend with a 1.7% trailing yield based on its ¥7,463 stock price Simply Wall St. The company paid ¥125 per share over the past 12 months and maintains sustainable coverage: dividends represent 31% of earnings and 70% of free cash flow. Adeka pays ¥66 per share with a 2.9% yield, distributing 35% of earnings and 58% of free cash flow, leaving room for reinvestment despite higher payout levels.
Japan Cash Machine stands out with a 3.7% trailing yield, paying ¥23 per share on December 7 Simply Wall St. The stock was trading at ¥1,260 when the yield was calculated. Over the past 12 months, the company distributed ¥46 per share. Its dividend represents just 17% of earnings and 24% of free cash flow, indicating substantial coverage cushion and low pressure on the balance sheet.
Kyowa pays ¥20 per share on December 10 with a 1.1% yield, maintaining the lowest earnings payout ratio at just 10% Simply Wall St. This conservative distribution leaves the most headroom for future increases or reinvestment. Techno Ryowa paid ¥88 per share on December 8 with a 2.5% yield based on its ¥7,130 stock price. Over 12 months, Techno Ryowa distributed ¥176 per share, with both earnings and free cash flow fully covering the payments, signaling sustainable distributions.
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