Daikin IndustriesLtd Management

Management criteria checks 4/4

Daikin IndustriesLtd's CEO is Masanori Togawa, appointed in Jun 2014, has a tenure of 10.42 years. total yearly compensation is ¥350.00M, comprised of 37.7% salary and 62.3% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth €1.14M. The average tenure of the management team and the board of directors is 5.4 years and 5.4 years respectively.

Key information

Masanori Togawa

Chief executive officer

JP¥350.0m

Total compensation

CEO salary percentage	37.7%
CEO tenure	10.4yrs
CEO ownership	0.003%
Management average tenure	5.4yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Masanori Togawa's remuneration changed compared to Daikin IndustriesLtd's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥259b
Jun 30 2024	n/a	n/a	JP¥243b
Mar 31 2024	JP¥350m	JP¥132m	JP¥260b
Dec 31 2023	n/a	n/a	JP¥243b
Sep 30 2023	n/a	n/a	JP¥254b
Jun 30 2023	n/a	n/a	JP¥267b
Mar 31 2023	JP¥321m	JP¥130m	JP¥258b
Dec 31 2022	n/a	n/a	JP¥248b
Sep 30 2022	n/a	n/a	JP¥235b
Jun 30 2022	n/a	n/a	JP¥210b
Mar 31 2022	n/a	n/a	JP¥218b
Dec 31 2021	n/a	n/a	JP¥206b
Sep 30 2021	n/a	n/a	JP¥211b
Jun 30 2021	n/a	n/a	JP¥202b
Mar 31 2021	JP¥280m	JP¥123m	JP¥156b
Dec 31 2020	n/a	n/a	JP¥151b
Sep 30 2020	n/a	n/a	JP¥137b
Jun 30 2020	n/a	n/a	JP¥141b
Mar 31 2020	JP¥284m	JP¥123m	JP¥171b
Dec 31 2019	n/a	n/a	JP¥187b
Sep 30 2019	n/a	n/a	JP¥195b
Jun 30 2019	n/a	n/a	JP¥193b
Mar 31 2019	JP¥277m	JP¥123m	JP¥189b
Dec 31 2018	n/a	n/a	JP¥185b
Sep 30 2018	n/a	n/a	JP¥200b
Jun 30 2018	n/a	n/a	JP¥198b
Mar 31 2018	JP¥271m	JP¥166m	JP¥189b

Compensation vs Market: Masanori's total compensation ($USD2.26M) is below average for companies of similar size in the German market ($USD4.78M).

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

CEO

Masanori Togawa (75 yo)

10.4yrs

Tenure

JP¥350,000,000

Compensation

Mr. Masanori Togawa serves as the Chief Executive Officer of Daikin Industries Ltd since June 2011 and has been its Representative Chairman since July 2024 and had been its President since June 2014 until...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Masanori Togawa	CEO & Representative Chairman	10.4yrs	JP¥350.00m	0.0034% € 1.1m
Noriyuki Inoue	Chairman Emeritus & Chief Global Group Officer	no data	JP¥486.00m	0.023% € 7.6m
Takashi Matsuzaki	Senior Executive Officer & Director	16.4yrs	JP¥151.00m	0.0034% € 1.1m
Kanwal Jeet Jawa	Non-Resident Director & Senior Associate Officer	5.4yrs	JP¥134.00m	no data
Naofumi Takenaka	President	less than a year	no data	0.00034% € 113.0k
Koichi Takahashi	Senior Executive Officer	no data	no data	0.0024% € 794.0k
Yuji Yoneda	Senior Executive Officer and GM of Technology & Innovation Center	no data	no data	no data
Kazuhiro Matoba	Department Manager of Corporate IR Group - Corporate Communication Department	no data	no data	no data
Nin Sokin	Executive Officer & GM of Legal Affairs and Compliance Center	less than a year	no data	no data
Masaki Saji	Senior Executive Officer	no data	no data	no data
Yasushi Yamada	Senior Executive Officer	no data	no data	no data
Katsuyuki Sawai	Senior Executive Officer & GM of Public Relations - Tokyo Office	no data	no data	no data

5.4yrs

Average Tenure

75yo

Average Age

Experienced Management: DKI's management team is seasoned and experienced (5.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Masanori Togawa	CEO & Representative Chairman	22.4yrs	JP¥350.00m	0.0034% € 1.1m
Noriyuki Inoue	Chairman Emeritus & Chief Global Group Officer	less than a year	JP¥486.00m	0.023% € 7.6m
Takashi Matsuzaki	Senior Executive Officer & Director	16.4yrs	JP¥151.00m	0.0034% € 1.1m
Kanwal Jeet Jawa	Non-Resident Director & Senior Associate Officer	6.4yrs	JP¥134.00m	no data
Naofumi Takenaka	President	less than a year	no data	0.00034% € 113.0k
Koichi Takahashi	Senior Executive Officer	less than a year	no data	0.0024% € 794.0k
Yuko Arai	Advisor & Independent External Director	3.4yrs	no data	no data
Keiko Mori	Executive Officer & Director	less than a year	no data	no data
Akiji Makino	Independent External Director	8.4yrs	no data	0.00068% € 225.9k
Kosei Uematsu	Standing Audit & Supervisory Board Member	9.4yrs	no data	0.0027% € 906.9k
Tatsuo Kawada	Independent External Director	8.4yrs	no data	no data
Shingo Torii	Independent External Director	4.4yrs	no data	0.00034% € 113.0k

5.4yrs

Average Tenure

73.5yo

Average Age

Experienced Board: DKI's board of directors are considered experienced (5.4 years average tenure).

Daikin IndustriesLtd Management

Management criteria checks 4/4

Key information

Recent management updates

Daikin Industries,Ltd., Annual General Meeting, Jun 27, 2024

Less than half of directors are independent

Daikin Industries,Ltd., Annual General Meeting, Jun 29, 2022

Less than half of directors are independent

Daikin Names Masaaki Miyatake as New Chairman, President for Mideast, Africa

Recent updates

Second quarter 2025 earnings released: EPS: JP¥302 (vs JP¥249 in 2Q 2024)

Daikin Industries,Ltd. to Report Q2, 2025 Results on Nov 06, 2024

Upcoming dividend of JP¥185 per share

Daikin Industries,Ltd. Provides Commemorative Dividend Guidance for the Second Quarter of 2025

First quarter 2025 earnings released: EPS: JP¥216 (vs JP¥274 in 1Q 2024)

Final dividend of JP¥185 announced

Daikin Industries,Ltd. to Report Q1, 2025 Results on Aug 06, 2024

Daikin Industries Ltd. Provides Dividend Guidance for the Second Quarter and Fiscal Year Ending March 31, 2025

Daikin Industries,Ltd., Annual General Meeting, Jun 27, 2024

Full year 2024 earnings released: EPS: JP¥889 (vs JP¥881 in FY 2023)

Daikin Industries,Ltd. Proposes Dividend for the Fiscal Year Ended March 31, 2024, Effective Date Is June 28, 2024

Now 21% overvalued

Upcoming dividend of JP¥120 per share

Daikin Industries,Ltd. to Report Fiscal Year 2024 Results on May 09, 2024

Daikin Industries,Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024

Third quarter 2024 earnings released: EPS: JP¥140 (vs JP¥180 in 3Q 2023)

Daikin Industries,Ltd. to Report Q3, 2024 Results on Feb 06, 2024

Second quarter 2024 earnings released: EPS: JP¥248 (vs JP¥293 in 2Q 2023)

Upcoming dividend of JP¥120 per share at 1.0% yield

Daikin Industries,Ltd. to Report Q2, 2024 Results on Nov 07, 2023

First quarter 2024 earnings released: EPS: JP¥274 (vs JP¥241 in 1Q 2023)

Daikin Industries,Ltd. to Report Q1, 2024 Results on Aug 08, 2023

Full year 2023 earnings released: EPS: JP¥881 (vs JP¥744 in FY 2022)

Upcoming dividend of JP¥120 per share at 1.0% yield

Third quarter 2023 earnings released: EPS: JP¥180 (vs JP¥135 in 3Q 2022)

Daikin Industries,Ltd. Provides Dividend Guidance for the Year Ending March 31, 2023

Daikin Industries,Ltd. to Report Q3, 2023 Results on Feb 07, 2023

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: JP¥293 (vs JP¥207 in 2Q 2022)

Daikin Industries,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023

Upcoming dividend of JP¥100.00 per share

Daikin Industries,Ltd. to Report Q2, 2023 Results on Nov 08, 2022

Daikin Industries,Ltd. Provides Consolidated Earnings Forecast for the First Half and Full Year of Fiscal Year Ending March 31, 2023

First quarter 2023 earnings released: EPS: JP¥241 (vs JP¥269 in 1Q 2022)

Daikin Industries,Ltd. to Report Q1, 2023 Results on Aug 02, 2022

Daikin Industries, Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2023

Daikin Industries,Ltd., Annual General Meeting, Jun 29, 2022

Full year 2022 earnings released: EPS: JP¥744 (vs JP¥534 in FY 2021)

Less than half of directors are independent

Daikin Industries,Ltd. to Report Fiscal Year 2022 Results on May 10, 2022

Upcoming dividend of JP¥90.00 per share

Daikin Industries,Ltd. Provides Dividend Guidance for the Year Ending March 31, 2022

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Daikin Industries,Ltd. Announces Daikin Atmosphera with R-32 Refrigerant

Second quarter 2022 earnings released: EPS JP¥207 (vs JP¥176 in 2Q 2021)

Upcoming dividend of JP¥90.00 per share

Daikin Industries,Ltd. Provides Earnings Guidance for the First Half Ending September 30, 2021 and Full Year Ending March 31, 2022

Full year 2021 earnings released: EPS JP¥534 (vs JP¥584 in FY 2020)

Upcoming dividend of JP¥80.00 per share

New 90-day low: €169

Third quarter 2021 earnings released: EPS JP¥151 (vs JP¥101 in 3Q 2020)

Revenue beats expectations

Daikin Industries,Ltd. to Report Q3, 2021 Results on Feb 09, 2021

Daikin Names Masaaki Miyatake as New Chairman, President for Mideast, Africa

New 90-day high: €182

Second quarter 2021 earnings released: EPS JP¥176

Daikin Industries,Ltd. to Report Q2, 2021 Results on Nov 05, 2020

New 90-day high - €162

First quarter earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age