DMG Mori Management

Management criteria checks 3/4

DMG Mori's CEO is Masahiko Mori, appointed in Jun 1999, has a tenure of 25.42 years. total yearly compensation is ¥404.00M, comprised of 49.5% salary and 50.5% bonuses, including company stock and options. directly owns 2.54% of the company’s shares, worth €58.74M. The average tenure of the management team and the board of directors is 6.7 years and 5.7 years respectively.

Key information

Masahiko Mori

Chief executive officer

JP¥404.0m

Total compensation

CEO salary percentage	49.5%
CEO tenure	25.4yrs
CEO ownership	2.5%
Management average tenure	6.7yrs
Board average tenure	5.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Masahiko Mori's remuneration changed compared to DMG Mori's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥25b
Jun 30 2024	n/a	n/a	JP¥32b
Mar 31 2024	n/a	n/a	JP¥32b
Dec 31 2023	JP¥404m	JP¥200m	JP¥32b
Sep 30 2023	n/a	n/a	JP¥29b
Jun 30 2023	n/a	n/a	JP¥26b
Mar 31 2023	n/a	n/a	JP¥24b
Dec 31 2022	n/a	n/a	JP¥24b
Sep 30 2022	n/a	n/a	JP¥20b
Jun 30 2022	n/a	n/a	JP¥18b
Mar 31 2022	n/a	n/a	JP¥16b
Dec 31 2021	JP¥298m	JP¥186m	JP¥11b
Sep 30 2021	n/a	n/a	JP¥10b
Jun 30 2021	n/a	n/a	JP¥8b
Mar 31 2021	n/a	n/a	JP¥2b
Dec 31 2020	JP¥177m	JP¥173m	JP¥419m
Sep 30 2020	n/a	n/a	JP¥2b
Jun 30 2020	n/a	n/a	JP¥4b
Mar 31 2020	n/a	n/a	JP¥11b
Dec 31 2019	JP¥370m	JP¥186m	JP¥17b
Sep 30 2019	n/a	n/a	JP¥19b
Jun 30 2019	n/a	n/a	JP¥19b
Mar 31 2019	n/a	n/a	JP¥21b
Dec 31 2018	JP¥240m	JP¥144m	JP¥17b
Sep 30 2018	n/a	n/a	JP¥21b
Jun 30 2018	n/a	n/a	JP¥20b
Mar 31 2018	n/a	n/a	JP¥15b
Dec 31 2017	JP¥148m	JP¥78m	JP¥14b

Compensation vs Market: Masahiko's total compensation ($USD2.61M) is above average for companies of similar size in the German market ($USD1.92M).

Compensation vs Earnings: Masahiko's compensation has been consistent with company performance over the past year.

CEO

Masahiko Mori (63 yo)

25.4yrs

Tenure

JP¥404,000,000

Compensation

Dr. Eng. Masahiko Mori has been the President of DMG Mori Co. Ltd. since June 1999 and also serves as its Chairman of the Board. Dr. Mori served as the President of Mori Seiki USA Inc. He has been a Repres...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Masahiko Mori	President & Chairman of the Board	25.4yrs	JP¥404.00m	2.54% € 58.7m
Hirotake Kobayashi	EVP, CFO	8.7yrs	JP¥199.00m	0.034% € 785.1k
Hiroaki Tamai	Executive VP	4.8yrs	JP¥200.00m	0.078% € 1.8m
Makoto Fujishima	VP, Executive GM of Quality HQ	no data	JP¥133.00m	0.032% € 736.1k
James Victor Nudo	VP & Executive Director	no data	JP¥196.00m	0.0021% € 49.0k
Fumihiko Nakazawa	Managing Executive Officer	no data	no data	no data
Masami Hatano	Managing Executive Officer of Corporate Communication & Fixed Asset Planning	no data	no data	no data
Natsune Takano	Managing Executive Officer of Human Resources	less than a year	no data	no data
Yasufumi Takai	Managing Executive Officer	no data	no data	no data
Ralf Riedemann	Senior Managing Executive Officer	no data	no data	no data
Yasushi Onishi	Managing Executive Officer of Purchasing & Logistics	no data	no data	no data
Rajeev Anand	Senior Managing Executive Officer	no data	no data	no data

6.7yrs

Average Tenure

66yo

Average Age

Experienced Management: 0MO's management team is seasoned and experienced (6.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Masahiko Mori	President & Chairman of the Board	30.4yrs	JP¥404.00m	2.54% € 58.7m
Hirotake Kobayashi	EVP, CFO	8.7yrs	JP¥199.00m	0.034% € 785.1k
Hiroaki Tamai	Executive VP	21.4yrs	JP¥200.00m	0.078% € 1.8m
Makoto Fujishima	VP, Executive GM of Quality HQ	5.7yrs	JP¥133.00m	0.032% € 736.1k
James Victor Nudo	VP & Executive Director	5.7yrs	JP¥196.00m	0.0021% € 49.0k
Alfred Geibler	Director	less than a year	no data	no data
Takashi Mitachi	Independent External Director	7.7yrs	no data	0.0028% € 65.5k
Makoto Nakajima	Independent External Director	7.7yrs	no data	0.00071% € 16.4k
Irene Bader	Director	1.7yrs	JP¥80.00m	0.0014% € 32.6k
Eriko Kawai	Independent External Director	1.7yrs	no data	no data
Hiroko Watanabe	Independent External Director	3.7yrs	no data	0.00071% € 16.4k
Mamoru Mitsuishi	Independent External Director	1.7yrs	no data	no data

5.7yrs

Average Tenure

66yo

Average Age

Experienced Board: 0MO's board of directors are considered experienced (5.7 years average tenure).

DMG Mori Management

Management criteria checks 3/4

Key information

Recent management updates

DMG Mori Co., Ltd., Annual General Meeting, Mar 28, 2024

Less than half of directors are independent

Less than half of directors are independent

DMG Mori Co., Ltd., Annual General Meeting, Mar 22, 2022

DMG Mori Co., Ltd., Annual General Meeting, Mar 29, 2021

Recent updates

Now 26% undervalued after recent price drop

Third quarter 2024 earnings released: EPS: JP¥16.72 (vs JP¥61.08 in 3Q 2023)

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

DMG Mori Co., Ltd. to Report Q3, 2024 Results on Nov 01, 2024

New minor risk - Share price stability

Now 30% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: JP¥57.01 (vs JP¥65.15 in 2Q 2023)

Now 24% overvalued

Now 23% overvalued

Now 23% overvalued after recent price rise

First quarter 2024 earnings released: EPS: JP¥49.05 (vs JP¥46.70 in 1Q 2023)

DMG Mori Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024

New minor risk - Share price stability

New minor risk - Shareholder dilution

Final dividend of JP¥50.00 announced

DMG Mori Co., Ltd. to Report Q1, 2024 Results on May 07, 2024

Dmg Mori Co., Ltd. Proposes Dividend for the Year Ending December 31, 2023

Full year 2023 earnings released: EPS: JP¥257 (vs JP¥189 in FY 2022)

DMG Mori Co., Ltd., Annual General Meeting, Mar 28, 2024

DMG Mori Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ended December 31, 2023

Upcoming dividend of JP¥40.00 per share at 3.0% yield

DMG Mori Co., Ltd. Revises Year-End Dividend Guidance for the Fiscal Year Ending December 31, 2023

DMG Mori Co., Ltd. to Report Fiscal Year 2023 Results on Feb 05, 2024

Third quarter 2023 earnings released: EPS: JP¥64.67 (vs JP¥42.08 in 3Q 2022)

DMG Mori Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending December 31, 2023

DMG Mori Co., Ltd. (TSE:6141) entered into a contract to acquire KURAKI Co., Ltd. from Kurabo Industries Ltd. (TSE:3106) for ¥4.5 billion.

Now 20% undervalued

Second quarter 2023 earnings released: EPS: JP¥72.18 (vs JP¥43.57 in 2Q 2022)

Upcoming dividend of JP¥40.00 per share at 3.2% yield

First quarter 2023 earnings released: EPS: JP¥50.18 (vs JP¥46.66 in 1Q 2022)

DMG Mori Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2023

Full year 2022 earnings released: EPS: JP¥203 (vs JP¥91.75 in FY 2021)

Full year 2022 earnings released: EPS: JP¥189 (vs JP¥91.75 in FY 2021)

DMG Mori Co., Ltd. Announces Year-End Dividend for the Year Ended December 31, 2022, Payable from March 29, 2023; Provides Dividend Guidance for the End of Second Quarter of Fiscal Year Ending December 31, 2023

DMG Mori Co., Ltd. to Report First Half, 2023 Results on Aug 03, 2023

Upcoming dividend of JP¥40.00 per share

DMG Mori Co., Ltd. to Report Fiscal Year 2022 Results on Feb 08, 2023

Third quarter 2022 earnings released: EPS: JP¥42.08 (vs JP¥26.05 in 3Q 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: JP¥42.09 (vs JP¥26.05 in 3Q 2021)

DMG Mori Co., Ltd. Provides Year-End Dividend Guidance for the Year Ending December 31, 2022

Second quarter 2022 earnings released: EPS: JP¥43.57 (vs JP¥30.17 in 2Q 2021)

DMG Mori Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022

Upcoming dividend of JP¥30.00 per share

First quarter 2022 earnings released: EPS: JP¥50.15 (vs JP¥10.38 in 1Q 2021)

DMG Mori Co., Ltd. Revises Dividend Guidance for the Year Ending December 31, 2022

Less than half of directors are independent

DMG Mori Co., Ltd. to Report Nine Months, 2022 Results on Nov 07, 2022

DMG Mori Co., Ltd. to Report Q1, 2022 Results on May 12, 2022

DMG Mori Co., Ltd. Announces Dividend for the Year Ended December 31, 2021, Payable on March 23, 2022; Provides Dividend Guidance for the Second Quarter of the Year Ending December 31, 2022

DMG Mori Co., Ltd. Provides Dividend Guidance for the Year Ending December 31, 2023 and December 31, 2024

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

DMG Mori Co., Ltd., Annual General Meeting, Mar 22, 2022

DMG Mori Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2022

Upcoming dividend of JP¥20.00 per share

Third quarter 2021 earnings released: EPS JP¥38.77 (vs JP¥15.26 in 3Q 2020)

DMG Mori Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2021

Upcoming dividend of JP¥10.00 per share

First quarter 2021 earnings released: EPS JP¥14.59 (vs JP¥1.13 loss in 1Q 2020)

DMG Mori Co., Ltd. Revises Earnings Guidance for the Fiscal Year 2021

DMG Mori Co., Ltd., Annual General Meeting, Mar 29, 2021

Full year 2020 earnings released: EPS JP¥14.15 (vs JP¥139 in FY 2019)

Revenue misses expectations

DMG Mori Co., Ltd. (TSE:6141) acquired additional 11.29% stake in DMG MORI AKTIENGESELLSCHAFT (XTRA:GIL).

New 90-day high: €13.60

New 90-day high: €13.50

Upcoming Dividend of JP¥10.00 Per Share

DMG Mori Co., Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021