Envipro Holdings Surges Again as Dividend Stays Below Past Levels
Envipro Holdings (TSE: 5698) jumps nearly 20% despite weak results, while maintaining a 15-yen dividend for FY2026.
Envipro Holdings Inc. (TSE: 5698) was one of the strongest gainers in Tokyo on January 14, 2026, with the share price rising 19.4% to ¥925 despite the absence of new announcements. The stock is now up 48% year-to-date, matching its 48% gain in 2024, making it one of the more remarkable multi-year performers in the Japanese small-cap space.
Key Points
Share price jumped 19.4% to ¥925 with no company-specific news
Stock up 48% YTD, following a 48% gain in 2024
Dividend raised 150% in 2025 to ¥15, but still below the ¥25 peak three years ago
Market cap: approximately ¥28 billion ($176 million)
Latest quarterly revenue fell 18.5% year-on-year
Weak Results, Strong Share Price
Envipro’s most recent financial results were weak. Revenue for the quarter ended 30 September declined 18.5% year-on-year to ¥422 million, following a 4.3% revenue decline in the previous fiscal year. For the full fiscal year ending June 2026, the company forecasts a 12.4% increase in revenue.
Despite the recent share price surge, Envipro expects to keep its annual dividend unchanged at ¥15 per share, the same level as in 2025. While that represented a 150% increase last year, the dividend remains well below the ¥25 per share paid three years ago. The dividend was reduced in each of the two years prior to 2025.
Dividend Focus
From a dividend perspective, the picture remains mixed. The current payout marks a recovery after consecutive cuts, but the absolute level is still significantly lower than in earlier years. The company has indicated a stable dividend of ¥15 for FY2026.
Business Overview
Envipro Holdings is a Japan-based holding company primarily engaged in resource recycling. Its core activities include the collection of metal scrap and industrial waste, which are processed at subsidiary-owned treatment facilities through cutting, dismantling, crushing, sorting and solid fuel production.
The company’s products include iron scrap, non-ferrous metals such as copper, aluminum and stainless steel, as well as plastics. These materials are sold both domestically and overseas. Envipro is also active in disabled welfare services, photovoltaic power generation, rubber recycling, and the manufacturing and sale of rubber products.
Closing Note
With weak recent results, a dividend still below historical levels, and no new announcements, the reason behind the continued sharp rise in Envipro’s share price remains unclear.
At DividendJapan, we aim to highlight these opportunities and uncover hidden gems that may not yet be on your radar. Stay tuned as we explore Japan’s dividend growth stories and the next generation of market leaders! Investing in Japan isn’t for everyone, given its unique trading hours, large price swings, currency fluctuations, lot size requirements, and limited analyst coverage — yet the country also offers some of the world’s best dividend growth opportunities, with countless hidden gems waiting to be discovered.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.