About Tokyo Century Corporation (TCNRF) — Dividend Analysis 2026
Tokyo Century Corporation provides equipment leasing, mobility and fleet management, specialty financing, and international businesses in Japan and internationally. The company offers leasing and finance, including ancillary services and other businesses relating to the handling of information and communications equipment, office equipment, industrial machinery, transportation equipment, and equipment for commercial and service industries. It also provides automobile leasing for corporate customers and individuals, car rental and car sharing businesses, etc.; specialty financing for shipping, aviation, real estate, and environment and energy fields; and fleet services. The company was formerly known as Century Tokyo Leasing Corporation and changed its name to Tokyo Century Corporation in October 2016. Tokyo Century Corporation was founded in 1964 and is headquartered in Tokyo, Japan.
Is TCNRF a good dividend investment in 2026?
TCNRF offers a 4.48% forward yield with a 50% payout ratio. Strand Safety Score: 100/100 (Very Safe). The 5-year dividend CAGR of 75.3% demonstrates strong, consistent growth that outpaces inflation.
TCNRF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your TCNRF portfolio grows to $71.89M vs $298.2K without reinvestment. This is the compound interest effect in action.
TCNRF dividend growth history & forecast
TCNRF has grown its dividend by 0% over the last year and 75.3% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 4.48%.
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 TCNRF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold TCNRF.
Gross yield
4.48%
Tax rate
15.00%
After-tax yield
3.81%
Real yield (−CPI)
1.01%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
4.48%
1.68%
$448 / yr
🇺🇸 US Taxable (15%) ✓
15%
3.81%
1.01%
$381 / yr
🇺🇸 US Taxable (20%)
20%
3.58%
0.78%
$358 / yr
🇬🇧 UK ISA
0%
4.48%
1.68%
$448 / yr
🇬🇧 UK Taxable
8.75%
4.09%
1.29%
$409 / yr
🇨🇦 TFSA
0%
4.48%
1.68%
$448 / yr
🇨🇦 CA Taxable
25%
3.36%
0.56%
$336 / yr
🇦🇺 Super (pension)
15%
3.81%
1.01%
$381 / yr
🇦🇺 AU Taxable
30%
3.14%
0.34%
$314 / yr
🇩🇪 DE Taxable
26.375%
3.30%
0.50%
$330 / yr
🇫🇷 FR Taxable
30%
3.14%
0.34%
$314 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 TCNRF Income Goal & Break-Even
Dividend Break-Even
6yr
Years for dividends to fully repay your TCNRF investment of $10.32/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$34.04M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$34.04M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in TCNRF for:
Shares needed
61,075
Capital required
$630,294
Monthly income
$2,000
Based on current dividend of $0.46/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 TCNRF Dividend Payment Schedule
TCNRF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$0.98 / payment
$3.93 / year after tax
100 shares
$9.82 / payment
$39.30 / year after tax
1,000 shares
$98.24 / payment
$392.96 / year after tax
📊 TCNRF vs Industrials Benchmarks
How TCNRF compares to typical Industrials averages.
Benchmark: Industrials
Dividend Yield▲+2.28% vs sectorBetter
TCNRF
4.48%
avg
2.20%
5Y Dividend CAGR▲+67.80% vs sectorBetter
TCNRF
75.30%
avg
7.50%
Payout Ratio▼+6.00% vs sectorBelow avg
TCNRF
50.00%
avg
44.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for TCNRF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ TCNRF Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
0.62
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
4/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the TCNRF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →