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Mitsui High-tec (TSE:6966) 5-Year Yield-on-Cost % : 23.22 (As of Apr. 26, 2024)


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What is Mitsui High-tec 5-Year Yield-on-Cost %?

Mitsui High-tec's yield on cost for the quarter that ended in Jan. 2024 was 23.22.


The historical rank and industry rank for Mitsui High-tec's 5-Year Yield-on-Cost % or its related term are showing as below:

TSE:6966' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.07   Med: 21.38   Max: 64.37
Current: 23.22


During the past 13 years, Mitsui High-tec's highest Yield on Cost was 64.37. The lowest was 2.07. And the median was 21.38.


TSE:6966's 5-Year Yield-on-Cost % is ranked better than
95.9% of 537 companies
in the Semiconductors industry
Industry Median: 1.98 vs TSE:6966: 23.22

Competitive Comparison of Mitsui High-tec's 5-Year Yield-on-Cost %

For the Semiconductors subindustry, Mitsui High-tec's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mitsui High-tec's 5-Year Yield-on-Cost % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Mitsui High-tec's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Mitsui High-tec's 5-Year Yield-on-Cost % falls into.



Mitsui High-tec 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Mitsui High-tec is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Mitsui High-tec  (TSE:6966) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


Mitsui High-tec 5-Year Yield-on-Cost % Related Terms

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Mitsui High-tec (TSE:6966) Business Description

Traded in Other Exchanges
Address
2-10-1,Komine, Yahatanishi-ku, Kitakyushu, JPN, 807-8588
Mitsui High-tec Inc manufactures and sells lead frame, motor core, precision tooling and machine tools in Japan. Its precision tooling/precision parts products include motor core dies, lead frame dies, mold dies, trim and form dies, and other type of stamping tools used in motor cores and IC lead frames, electric motor cores, automobile components, coins, and resin injection molding. It also provides open lead frames for semiconductor packages; and motor parts.

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