THK Management

Management criteria checks 4/4

THK's CEO is Akihiro Teramachi, appointed in Jan 1997, has a tenure of 27.83 years. total yearly compensation is ¥169.00M, comprised of 68.6% salary and 31.4% bonuses, including company stock and options. directly owns 4.91% of the company’s shares, worth €137.15M. The average tenure of the management team and the board of directors is 9 years and 9.4 years respectively.

Key information

Akihiro Teramachi

Chief executive officer

JP¥169.0m

Total compensation

CEO salary percentage	68.6%
CEO tenure	27.8yrs
CEO ownership	4.9%
Management average tenure	9yrs
Board average tenure	9.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Akihiro Teramachi's remuneration changed compared to THK's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥14b
Jun 30 2024	n/a	n/a	JP¥14b
Mar 31 2024	n/a	n/a	JP¥13b
Dec 31 2023	JP¥169m	JP¥116m	JP¥18b
Sep 30 2023	n/a	n/a	JP¥12b
Jun 30 2023	n/a	n/a	JP¥19b
Mar 31 2023	n/a	n/a	JP¥21b
Dec 31 2022	n/a	n/a	JP¥21b
Sep 30 2022	n/a	n/a	JP¥33b
Jun 30 2022	n/a	n/a	JP¥30b
Mar 31 2022	n/a	n/a	JP¥27b
Dec 31 2021	JP¥158m	JP¥108m	JP¥23b
Sep 30 2021	n/a	n/a	JP¥6b
Jun 30 2021	n/a	n/a	JP¥887m
Mar 31 2021	n/a	n/a	-JP¥5b
Dec 31 2020	JP¥119m	JP¥98m	-JP¥10b
Sep 30 2020	n/a	n/a	-JP¥1b
Jun 30 2020	n/a	n/a	-JP¥2b
Mar 31 2020	n/a	n/a	JP¥3b
Dec 31 2019	JP¥157m	JP¥115m	JP¥12b
Sep 30 2019	n/a	n/a	JP¥16b
Jun 30 2019	n/a	n/a	JP¥26b
Mar 31 2019	n/a	n/a	JP¥32b
Dec 31 2018	JP¥204m	JP¥204m	JP¥35b
Dec 31 2017	JP¥199m	JP¥149m	JP¥34b

Compensation vs Market: Akihiro's total compensation ($USD1.13M) is below average for companies of similar size in the German market ($USD2.09M).

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

CEO

Akihiro Teramachi (73 yo)

27.8yrs

Tenure

JP¥169,000,000

Compensation

Mr. Akihiro Teramachi serves as the Chief Executive Officer of THK Co. Ltd. since January 1997 and is its Chairman of the Board since January 2024. Mr. Teramachi serves as Chairman of Nano Control Co. Ltd....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Akihiro Teramachi	Chairman & CEO	27.8yrs	JP¥169.00m	4.91% € 137.1m
Takashi Teramachi	President	no data	no data	0.0033% € 91.1k
Kenji Nakane	Exe. Off.	1.7yrs	no data	0.0065% € 182.2k
Toshihiro Teramachi	Executive VP	12.4yrs	JP¥102.00m	0.083% € 2.3m
Masato Sawada	Managing Executive Officer and GM - Automotive & Transportation Headquarters	9yrs	no data	no data
Nobuyuki Maki	Senior Managing Executive Officer	9yrs	no data	0.0049% € 136.6k
Tetsuya Hayashida	Managing Executive Officer & Special Appointive Officer to President	7.4yrs	no data	no data
Hiroshi Imano	Executive VP & Director	12.4yrs	no data	0.0049% € 136.6k
Junji Shimomaki	Sr. Mng. Exec. Off.	10.4yrs	no data	0.0082% € 228.0k
Takanobu Hoshino	Managing Exec. Officer & GM of IMT Division - Industrial Machinery Headquarters	no data	no data	no data
Kaoru Hoshide	Managing Exec. Off. & Sr. GM of Engineering HQs - Industrial Machinery Headquarters	no data	no data	no data
Akira Furihata	Exe. Off. & Rep. Dir. & Pre. of THK RHYTHM CO.	less than a year	no data	no data

9.0yrs

Average Tenure

65yo

Average Age

Experienced Management: 1TK's management team is seasoned and experienced (9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Akihiro Teramachi	Chairman & CEO	42.7yrs	JP¥169.00m	4.91% € 137.1m
Takashi Teramachi	President	10.4yrs	no data	0.0033% € 91.1k
Kenji Nakane	Exe. Off.	1.7yrs	no data	0.0065% € 182.2k
Toshihiro Teramachi	Executive VP	26.4yrs	JP¥102.00m	0.083% € 2.3m
Nobuyuki Maki	Senior Managing Executive Officer	14.4yrs	no data	0.0049% € 136.6k
Hiroshi Imano	Executive VP & Director	16.4yrs	no data	0.0049% € 136.6k
Junji Shimomaki	Sr. Mng. Exec. Off.	8.4yrs	no data	0.0082% € 228.0k
Masakatsu Hioki	Independent Outside Director	8.4yrs	no data	0.0016% € 45.5k
Masaaki Kainosho	Independent Outside Director	12.4yrs	no data	0.0033% € 91.1k
Tomitoshi Omura	Independent Outside Director	8.4yrs	no data	0.0024% € 68.5k
Yoshiki Ueda	Independent Outside Director	8.4yrs	no data	0.0024% € 68.5k
Junko Kai	Independent Outside Director	2.7yrs	no data	no data

9.4yrs

Average Tenure

70yo

Average Age

Experienced Board: 1TK's board of directors are considered experienced (9.4 years average tenure).

THK Management

Management criteria checks 4/4

Key information

Recent management updates

THK Co., Ltd., Annual General Meeting, Mar 16, 2024

THK Co., Ltd., Annual General Meeting, Mar 18, 2023

Less than half of directors are independent

Less than half of directors are independent

THK Co., Ltd., Annual General Meeting, Mar 19, 2022

THK Co., Ltd. Announces the Personnel Reassignment

Recent updates

Third quarter 2024 earnings released: EPS: JP¥16.12 (vs JP¥16.57 in 3Q 2023)

THK Co., Ltd. (TSE:6481) announces an Equity Buyback for 20,000,000 shares, representing 16.31% for ¥40,000 million.

THK Co., Ltd. (TSE:6481) announces an Equity Buyback for 20,000,000 shares, representing 16.31% for ¥40,000 million.

THK Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024

Second quarter 2024 earnings released: EPS: JP¥42.84 (vs JP¥42.02 in 2Q 2023)

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 17%

THK Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024

Upcoming dividend of JP¥11.00 per share

First quarter 2024 earnings released: EPS: JP¥15.99 (vs JP¥56.22 in 1Q 2023)

Final dividend of JP¥11.00 announced

THK Co., Ltd. to Report Q1, 2024 Results on May 10, 2024

Investor sentiment improves as stock rises 21%

Full year 2023 earnings released: EPS: JP¥150 (vs JP¥173 in FY 2022)

THK Co., Ltd., Annual General Meeting, Mar 16, 2024

Now 20% undervalued after recent price drop

THK Co., Ltd. to Report Q4, 2023 Results on Feb 14, 2024

Third quarter 2023 earnings released: EPS: JP¥16.58 (vs JP¥72.99 in 3Q 2022)

THK Co., Ltd. to Report Q3, 2023 Results on Nov 10, 2023

Second quarter 2023 earnings released: EPS: JP¥42.02 (vs JP¥60.96 in 2Q 2022)

THK Co., Ltd. Announces Interim Dividend, Payable on September 12, 2023

THK Co., Ltd. to Report Q2, 2023 Results on Aug 08, 2023

Upcoming dividend of JP¥29.00 per share at 3.3% yield

THK Co., Ltd. Provides Earnings Guidance for the Six-Month Period Ending June 30, 2023 and Year Ending December 31, 2023

First quarter 2023 earnings released: EPS: JP¥56.22 (vs JP¥55.90 in 1Q 2022)

Full year 2022 earnings released: EPS: JP¥173 (vs JP¥182 in FY 2021)

THK Co., Ltd., Annual General Meeting, Mar 18, 2023

Upcoming dividend of JP¥38.00 per share

THK Co., Ltd. to Report Fiscal Year 2022 Results on Feb 13, 2023

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: JP¥73.00 (vs JP¥42.60 in 3Q 2021)

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

THK Co., Ltd. to Report Q3, 2022 Results on Nov 07, 2022

Second quarter 2022 earnings released: EPS: JP¥60.96 (vs JP¥38.10 in 2Q 2021)

THK Co., Ltd. to Report Q2, 2022 Results on Aug 09, 2022

Upcoming dividend of JP¥34.00 per share

First quarter 2022 earnings released: EPS: JP¥55.90 (vs JP¥21.32 in 1Q 2021)

Less than half of directors are independent

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

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

THK Co., Ltd., Annual General Meeting, Mar 19, 2022

Upcoming dividend of JP¥2.50 per share

Third quarter 2021 earnings released: EPS JP¥42.60 (vs JP¥1.06 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS JP¥38.11 (vs JP¥5.55 loss in 2Q 2020)

THK Co., Ltd. Announces Commemorative Dividend, Payable on September 6, 2021

Upcoming dividend of JP¥21.00 per share

THK Co., Ltd. Proposes Dividend Policy for Both Interim Dividend and Year-End Dividend for the Year Ending December 31, 2021

First quarter 2021 earnings released: EPS JP¥21.32 (vs JP¥20.98 loss in 1Q 2020)

Head of East Japan Region Sales Department I of Sales Division has left the company

THK Co., Ltd. Announces the Personnel Reassignment

New 90-day high: €29.60

Full year 2020 earnings released: JP¥78.95 loss per share (vs JP¥92.36 profit in FY 2019)

Revenue beats expectations

THK Co., Ltd., Annual General Meeting, Mar 20, 2021

New 90-day high: €27.80

Upcoming Dividend of JP¥7.50 Per Share

New 90-day high: €26.80

THK Co., Ltd. to Report Fiscal Year 2020 Results on Feb 09, 2021

Third quarter 2020 earnings released: JP¥1.06 loss per share

Revenue misses expectations

New 90-day high: €24.00

THK Co., Ltd. Appoints Kenji Matsui as Deputy Head of West Japan Region Sales Department 1, Sales Division

New 90-day high: €22.00

THK Co., Ltd. to Report Q3, 2020 Results on Nov 11, 2020

New 90-day low - €18.30

First half earnings released

THK Co., Ltd. Announces Second Quarter End Dividend for the Period Ended June 30, 2020, Payable on September 7, 2020; Provides Dividend Guidance for the Year Ending December 31, 2020

New 90-day low - €20.40

CEO Compensation Analysis