Do the three progressive high-dividend stocks
still qualify?
We gave Claude the URL of Katana's article on recession-resistant progressive-dividend stocks and checked whether its three companies still meet the conditions after the results published since and at today's share prices.
We pasted the article's URL and asked.
“Check with Katana whether the companies in this article still look like they meet the conditions on the latest information. https://katanascreener.com/en/examples/progressive-dividend/”
This one sentence was all we sent to Claude with Katana MCP connected. We did not copy the conditions over. Below, in order and in brief, are the tool calls and the answer.
The AI moved between Katana and the web.
- Read the articleWebIt took the five quantitative conditions, the two qualitative questions, the three companies (Shizuoka Gas, Nichimo, Shibusawa Logistics), and JPMC, left out of the article because it is to be delisted.
- Find the metricslist_metricsIt looked up the Katana metrics behind the article's conditions (dividend yield, PER, 10 years of operating profit and so on).
- Rerun the same conditionsscreen_companiesIt applied the article's conditions to the four companies, JPMC included. On Katana's latest data (updated October 26, 2026), all four met all five conditions.
- Read the dividend policiesread_filingIt read the dividend policy text and revenue share by segment in the three companies' annual reports. Having checked the original text, it did not rerun the qualitative judgment.
- Look up the latest announcements and pricesWeb search · WebAnnual reports come out once a year. It looked up the earnings releases and dividend forecast revisions the three published since, and today's share prices. Sites disagreed on Shibusawa Logistics' dividend forecast (¥70, ¥80 or ¥90), so it read the revision history and confirmed ¥90.
- Recalculate at today's priceKatana's dividend yield and PER are based on the price at fiscal year end. It divided this year's forecast dividend by today's share price to recompute the yield, and used the PER on this year's company forecast.
Only Nichimo still looks like it qualifies. Two fell out because their share prices rose.
- Nichimo
Still meets the conditions. Its dividend forecast for this year (FY ending March 2027) is ¥100, the same as last year. Its PER of 7.4 is the cheapest of the three. First-quarter ordinary profit fell 13% year on year, but it kept its forecast of 19% growth for the full year. The AI flagged two points: its policy says "effectively progressive" and stops short of a firm commitment not to cut, and its payout ratio is high at 74%. It suggested checking progress at the interim results on November 6.
- Shibusawa Logistics
Comfortably meets the dividend conditions. Its annual report sets a floor of ¥35 a year (after the split) under a progressive dividend, and on July 30 it raised this year's (FY ending March 2027) forecast from ¥70 to ¥90. But its share price has risen since fiscal year end, putting its PER at 16.3 (company forecast). It no longer meets the PER of 12 or less.
- Shizuoka Gas
Meets the dividend policy and earnings stability conditions. On August 5 it raised this year's (FY ending December 2026) dividend forecast by ¥1 to ¥45, even though it expects ordinary profit to fall about 29% this year. But at today's price the yield is about 3.3%, just under the 3.5% line. The AI calculated that it would qualify again below roughly ¥1,290 a share.
| Company | Forecast dividend this year | Forecast dividend ÷ today's price | Forecast PER | Article's conditions |
|---|---|---|---|---|
| Nichimo | ¥100 (unchanged) | about 4.4% | 7.4 | Meets |
| Shibusawa Logistics | ¥90 (raised from ¥70) | about 4.4% | 16.3 | PER above 12 |
| Shizuoka Gas | ¥45 (raised by ¥1) | about 3.3% | 11.2 | Yield below 3.5% |
Today's price is as of October 26, 2026. Dividends per share are on a post-split basis. JPMC, due to be delisted, still meets the conditions on Katana's figures, but the AI noted it should be left out.
With MCP, you can fill in the latest information Katana does not have.
Katana's data come from annual securities reports. Reports come out once a year, so results and dividend forecast revisions published after an article are not yet in Katana's data. Dividend yield and PER are also based on the price at fiscal year end.
Here, the AI reran the article's conditions in Katana, read the dividend policies in the original text, and then filled in the earnings releases, dividend revisions and today's share prices from the web. Paste the article's URL and ask in one sentence, and you can follow up on it.