Toyota Tsusho Management

Management criteria checks 4/4

Toyota Tsusho's CEO is Ichiro Kashitani, appointed in Apr 2018, has a tenure of 6.08 years. total yearly compensation is ¥149.00M, comprised of 44.3% salary and 55.7% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth €1.39M. The average tenure of the management team and the board of directors is 5.3 years and 3.9 years respectively.

Key information

Ichiro Kashitani

Chief executive officer

JP¥149.0m

Total compensation

CEO salary percentage	44.3%
CEO tenure	6.1yrs
CEO ownership	0.007%
Management average tenure	5.3yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ichiro Kashitani's remuneration changed compared to Toyota Tsusho's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	JP¥331b
Dec 31 2023	n/a	n/a	JP¥320b
Sep 30 2023	n/a	n/a	JP¥311b
Jun 30 2023	n/a	n/a	JP¥302b
Mar 31 2023	JP¥149m	JP¥66m	JP¥284b
Dec 31 2022	n/a	n/a	JP¥277b
Sep 30 2022	n/a	n/a	JP¥246b
Jun 30 2022	n/a	n/a	JP¥240b
Mar 31 2022	JP¥140m	JP¥66m	JP¥222b
Dec 31 2021	n/a	n/a	JP¥226b
Sep 30 2021	n/a	n/a	JP¥220b
Jun 30 2021	n/a	n/a	JP¥178b
Mar 31 2021	JP¥125m	JP¥64m	JP¥135b
Dec 31 2020	n/a	n/a	JP¥108b
Sep 30 2020	n/a	n/a	JP¥98b
Jun 30 2020	n/a	n/a	JP¥93b
Mar 31 2020	JP¥125m	JP¥62m	JP¥136b
Dec 31 2019	n/a	n/a	JP¥139b
Sep 30 2019	n/a	n/a	JP¥133b
Jun 30 2019	n/a	n/a	JP¥142b
Mar 31 2019	JP¥109m	JP¥47m	JP¥133b

Compensation vs Market: Ichiro's total compensation ($USD943.62K) is below average for companies of similar size in the German market ($USD5.55M).

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

CEO

Ichiro Kashitani (64 yo)

6.1yrs

Tenure

JP¥149,000,000

Compensation

Mr. Ichiro Kashitani has been President and Chief Executive Officer of Toyota Tsusho Corporation since April 1, 2018 and serves as its Representative Director since June 21, 2018. He joined Toyota Tsusho C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ichiro Kashitani	President	6.1yrs	JP¥149.00m	0.0068% ¥ 1.4m
Hideyuki Iwamoto	CFO & Director	7.1yrs	no data	0.0040% ¥ 813.6k
Toshimitsu Imai	Executive VP	no data	no data	no data
Hamase Makiko	Chief Human Resources Officer	5.3yrs	no data	no data
Jun Eyama	Chief Executive Officer for Global Parts & Logistics Division	5.3yrs	no data	no data
Hiroshi Tominaga	Chief Strategy Officer	no data	no data	0.0037% ¥ 754.3k
Naoyuki Hata	Chief Executive Officer for North America Region	no data	no data	no data
Kazuyuki Urata	Chief Operating Officer for Chemicals & Electronics Division	no data	no data	no data
Shigeki Maeda	Chief Executive Officer for Asia Pacific Region	1.3yrs	no data	no data
Shungo Yoshioka	Managing Director of Toyota Lanka	no data	no data	no data
Richard Bielle	CEO for Africa Division	no data	no data	no data
Akihiro Sago	Executive VP	3.1yrs	no data	no data

5.3yrs

Average Tenure

60yo

Average Age

Experienced Management: 9TO's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ichiro Kashitani	President	5.9yrs	JP¥149.00m	0.0068% ¥ 1.4m
Hideyuki Iwamoto	CFO & Director	2.9yrs	no data	0.0040% ¥ 813.6k
Hiroshi Tominaga	Chief Strategy Officer	2.9yrs	no data	0.0037% ¥ 754.3k
Didier Leroy	Independent Outside Director	5.9yrs	no data	no data
Chieko Matsuda	Independent Outside Director	less than a year	no data	no data
Nobuhiko Murakami	Chairman of the Board	1.9yrs	JP¥122.00m	0.0014% ¥ 290.3k
Yukari Inoue	Independent Outside Director	3.9yrs	no data	0.00057% ¥ 116.5k
Yuichiro Kuwano	Outside Auditor	7.9yrs	no data	no data
Kunihito Koumoto	Independent Outside Director	5.9yrs	no data	0.00028% ¥ 57.2k
Tsutomu Takahashi	Outside Auditor	4.9yrs	no data	no data
Kazumasa Miyazaki	Full Time Auditor	3.9yrs	no data	0.00028% ¥ 57.2k
Kentaro Hayashi	Full-time Auditor	1.9yrs	no data	0.00085% ¥ 173.8k

3.9yrs

Average Tenure

62yo

Average Age

Experienced Board: 9TO's board of directors are considered experienced (3.9 years average tenure).

Toyota Tsusho Management

Management criteria checks 4/4

Key information

Recent management updates

Toyota Tsusho Corporation, Annual General Meeting, Jun 21, 2024

High number of new directors

High number of new directors

High number of new directors

High number of new directors

Toyota Tsusho Corporation, Annual General Meeting, Jun 24, 2022

Recent updates

Full year 2024 earnings released: EPS: JP¥942 (vs JP¥808 in FY 2023)

Toyota Tsusho Corporation, Annual General Meeting, Jun 21, 2024

Toyota Tsusho Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024

Upcoming dividend of JP¥125 per share

Third quarter 2024 earnings released: EPS: JP¥265 (vs JP¥239 in 3Q 2023)

Toyota Tsusho Corporation to Report Q3, 2024 Results on Feb 02, 2024

Second quarter 2024 earnings released: EPS: JP¥242 (vs JP¥217 in 2Q 2023)

Toyota Tsusho Corporation Announces Dividend for the Second Quarter and Revises Dividend Guidance for the Year End for the Fiscal Year Ending March 31, 2024

Toyota Tsusho Corporation to Report Q2, 2024 Results on Oct 31, 2023

Upcoming dividend of JP¥107 per share at 2.4% yield

First quarter 2024 earnings released: EPS: JP¥264 (vs JP¥213 in 1Q 2023)

Toyota Tsusho Corporation Revises Consolidated Earnings Guidance for the Year Ending March 31, 2024

High number of new directors

Toyota Tsusho Corporation to Report Q1, 2024 Results on Jul 28, 2023

Full year 2023 earnings released: EPS: JP¥808 (vs JP¥632 in FY 2022)

Upcoming dividend of JP¥96.00 per share at 3.6% yield

Toyota Tsusho Corporation (TSE:8015) entered into an agreement to acquire 85% stake in SB Energy Corp. from SoftBank Group Corp. (TSE:9984).

Third quarter 2023 earnings released: EPS: JP¥239 (vs JP¥150 in 3Q 2022)

Toyota Tsusho Corporation to Report Q3, 2023 Results on Feb 03, 2023

Second quarter 2023 earnings released: EPS: JP¥217 (vs JP¥201 in 2Q 2022)

High number of new directors

Now 22% undervalued

Second quarter 2023 earnings released: EPS: JP¥217 (vs JP¥201 in 2Q 2022)

Toyota Tsusho Corporation Announces Interim Dividend for the Fiscal Year Ending March 31, 2023, Effectuation Date November 25, 2022; Revises Dividend Guidance for the Fiscal Year Ending March 31, 2023

Upcoming dividend of JP¥81.00 per share

Toyota Tsusho Corporation to Report Q2, 2023 Results on Oct 28, 2022

Toyota Tsusho Corporation (TSE:8015) acquired remaining 40% stake in Eurus Energy Holdings Corporation from Tokyo Electric Power Company Holdings, Incorporated (TSE:9501).

First quarter 2023 earnings released: EPS: JP¥213 (vs JP¥161 in 1Q 2022)

High number of new directors

High number of new directors

Toyota Tsusho Corporation (TSE:8015) agreed to acquire remaining 40% stake in Eurus Energy Holdings Corporation from Tokyo Electric Power Company Holdings, Incorporated (TSE:9501) for approximately ¥190 billion.

Toyota Tsusho Corporation to Report Q1, 2023 Results on Jul 29, 2022

Toyota Tsusho Corporation, Annual General Meeting, Jun 24, 2022

Full year 2022 earnings released: EPS: JP¥632 (vs JP¥383 in FY 2021)

Less than half of directors are independent

Toyota Tsusho Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022

Toyota Tsusho Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022

Upcoming dividend of JP¥80.00 per share

Now 22% undervalued after recent price drop

Takahiro Kondo to Retire as Member of the Board (Representative Director), Executive Vice President and Chief Compliance Officer of Toyota Tsusho Corporation

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Toyota Tsusho Corporation Revises Earnings Guidance for the Year Ending March 31, 2022

Second quarter 2022 earnings released: EPS JP¥201 (vs JP¥80.43 in 2Q 2021)

Upcoming dividend of JP¥60.00 per share

Investor sentiment deteriorated over the past week

Toyota Tsusho Commences Operation of Its Smart Pole Installed in Toyota City

Full year 2021 earnings released: EPS JP¥383 (vs JP¥385 in FY 2020)

Full year 2021 earnings released: EPS JP¥383 (vs JP¥385 in FY 2020)

Chief Executive Officer for Machinery, Energy & Project Division Toshiro Hidaka has left the company

Chief Executive Officer for Automotive Division Masato Yamanami has left the company

Chief Executive Officer for Asia Pacific Region Shizuka Hayashi has left the company

Upcoming dividend of JP¥62.00 per share

New 90-day high: €37.00

Toyota Tsusho Corporation to Report Fiscal Year 2021 Results on Apr 30, 2021

New 90-day high: €36.00

Third quarter 2021 earnings released: EPS JP¥136 (vs JP¥106 in 3Q 2020)

New 90-day high: €34.40

Toyota Tsusho Corporation (TSE:8015) completed the acquisition of a 35% stake in Northern Electricity Development and Investment Joint Stock Company No. 2 from Vietnam Construction and Import-Export Joint Stock Corporation (HNX:VCG).

New 90-day high: €33.00

New 90-day high: €31.20

Second quarter 2021 earnings released: EPS JP¥80.43

SFC Energy AG and Toyota Tsusho Corporation Sign Exclusive Sales and Partner Agreement for Hydrogen and Methanol Fuel Cells for the Japanese Market

New 90-day high: €26.40

First half earnings released

Toyota Tsusho Corporation Announces Nobuaki Yahiro as Division Chief Operating Officer, Effective October 1, 2020

Toyota Tsusho Corp., Chengdu Juyuanxin Reusable Resources Recovery Co., Ltd and Showa Metal Co.,Ltd. Announces Establishment of an Automobile Salvage and Recycle Company in China

Nippon Shokubai Co., Ltd. (TSE:4114) executed a final agreement to acquire remaining 95% stake in Sanyo Chemical Industries Ltd. (TSE:4471) for approximately ¥120 billion in a merger of equals.

New 90-day high - €25.40

First quarter earnings released