ITOCHU Management

Management criteria checks 3/4

ITOCHU's CEO is Masahiro Okafuji, appointed in Apr 2010, has a tenure of 14.58 years. directly owns 0.03% of the company’s shares, worth €20.40M. The average tenure of the management team and the board of directors is 4.6 years and 4.1 years respectively.

Key information

Masahiro Okafuji

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	14.6yrs
CEO ownership	0.03%
Management average tenure	4.6yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Masahiro Okafuji's remuneration changed compared to ITOCHU's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥827b
Jun 30 2024	n/a	n/a	JP¥795b
Mar 31 2024	n/a	n/a	JP¥802b
Dec 31 2023	n/a	n/a	JP¥730b
Sep 30 2023	n/a	n/a	JP¥730b
Jun 30 2023	n/a	n/a	JP¥783b
Mar 31 2023	n/a	n/a	JP¥801b
Dec 31 2022	n/a	n/a	JP¥824b
Sep 30 2022	n/a	n/a	JP¥803b
Jun 30 2022	n/a	n/a	JP¥783b
Mar 31 2022	n/a	n/a	JP¥820b
Dec 31 2021	n/a	n/a	JP¥716b
Sep 30 2021	n/a	n/a	JP¥650b
Jun 30 2021	n/a	n/a	JP¥564b
Mar 31 2021	JP¥649m	JP¥165m	JP¥401b
Dec 31 2020	n/a	n/a	JP¥439b
Sep 30 2020	n/a	n/a	JP¥465b
Jun 30 2020	n/a	n/a	JP¥459b
Mar 31 2020	JP¥633m	JP¥153m	JP¥501b
Dec 31 2019	n/a	n/a	JP¥530b
Sep 30 2019	n/a	n/a	JP¥532b
Jun 30 2019	n/a	n/a	JP¥534b
Mar 31 2019	JP¥588m	JP¥153m	JP¥501b
Dec 31 2018	n/a	n/a	JP¥441b
Sep 30 2018	n/a	n/a	JP¥416b
Jun 30 2018	n/a	n/a	JP¥406b
Mar 31 2018	JP¥547m	JP¥162m	JP¥400b

Compensation vs Market: Insufficient data to establish whether Masahiro's total compensation is reasonable compared to companies of similar size in the German market.

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

CEO

Masahiro Okafuji (75 yo)

14.6yrs

Tenure

JP¥649,000,000

Compensation

Mr. Masahiro Okafuji has been the Chief Executive Officer of Itochu Corporation since April 1, 2010 and its Chairman since April 1, 2018 and was its Executive Officer since June 2002. Mr. Okafuji was the P...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Masahiro Okafuji	Chairman & CEO	14.6yrs	JP¥649.00m	0.030% € 20.4m
Tsuyoshi Hachimura	CFO, Executive VP & Director	9.6yrs	JP¥267.00m	0.014% € 9.7m
Fumihiko Kobayashi	Executive VP	9.6yrs	JP¥267.00m	0.014% € 9.5m
Keita Ishii	President	3.6yrs	no data	0.015% € 9.9m
Shuichiro Yamaura	General Manager of General Accounting Control Division	1.6yrs	no data	no data
Tomoyuki Takada	Chief Digital & Information Officer and Managing Executive Officer	1.8yrs	no data	no data
Kazunori Harada	General Manager of Investor Relations Division	no data	no data	no data
Mitsuru Claire	Managing Executive Officer & GM of Corporate Communications Division	1.8yrs	no data	no data
Toshiyuki Kakimi	Executive Officer and General Manager of Human Resources & General Affairs Division	1.8yrs	no data	no data
Hideo Nakanishi	Chief Operating Officer of Apparel Division - Textile Company	no data	no data	no data
Hiroyuki Tsubai	President of Machinery Company	8.6yrs	no data	0.0078% € 5.2m
Masatoshi Maki	President of General Products & Realty Company and Executive Officer	5.7yrs	no data	no data

4.6yrs

Average Tenure

66yo

Average Age

Experienced Management: IOC's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Masahiro Okafuji	Chairman & CEO	14.6yrs	JP¥649.00m	0.030% € 20.4m
Tsuyoshi Hachimura	CFO, Executive VP & Director	9.4yrs	JP¥267.00m	0.014% € 9.7m
Fumihiko Kobayashi	Executive VP	9.4yrs	JP¥267.00m	0.014% € 9.5m
Keita Ishii	President	3.4yrs	no data	0.015% € 9.9m
Hiroyuki Tsubai	President of Machinery Company	2.4yrs	no data	0.0078% € 5.2m
Kenji Seto	Executive Officer	less than a year	no data	0.0060% € 4.0m
Hiroyuki Naka	CXO, Executive Officer	2.4yrs	no data	0.0036% € 2.4m
Tsutomu Yamauchi	Executive Vice President & Director of Wecars Co.Ltd	less than a year	no data	no data
Kunio Ishizuka	Independent Outside Director	3.4yrs	no data	0.00028% € 188.0k
Makiko Nakamori	Independent Outside Director	5.4yrs	no data	0.00091% € 611.0k
Masatoshi Kawana	Independent Outside Director	6.4yrs	no data	0.00077% € 517.0k
Shoko Haku	Chairman of Dateng Logistics (Shanghai) Co. Ltd & Deputy Director of General Products	4.8yrs	no data	no data

4.1yrs

Average Tenure

65.5yo

Average Age

Experienced Board: IOC's board of directors are considered experienced (4.1 years average tenure).

ITOCHU Management

Management criteria checks 3/4

Key information

Recent management updates

Itochu Corporation Announces Changes in Assignment of Senior Operating Officer and Executive Officer

ITOCHU Corporation, Annual General Meeting, Jun 21, 2024

ITOCHU Corporation, Annual General Meeting, Jun 23, 2023

Less than half of directors are independent

High number of new directors

ITOCHU Corporation, Annual General Meeting, Jun 24, 2022

Recent updates

Second quarter 2025 earnings released: EPS: JP¥161 (vs JP¥137 in 2Q 2024)

Nomura Holdings, Inc. (TSE:8604), ITOCHU Corporation (TSE:8001) and Mitsubishi UFJ Financial Group, Inc. (TSE:8306) agreed to acquire unknown minority stake in Teamshares Inc.

MASH holdings Co.,Ltd. and ITOCHU Corporation (TSE:8001) agreed to acquire Lesportsac Japan Co., Ltd.

First quarter 2025 earnings released: EPS: JP¥144 (vs JP¥147 in 1Q 2024)

ITOCHU Corporation to Report First Half, 2025 Results on Nov 06, 2024

Upcoming dividend of JP¥100.00 per share

ITOCHU Corporation (TSE:8001) completed the acquisition of additional 35.05% stake in C.I.TAKIRON Corporation (TSE:4215) for ¥29.8 billion.

ITOCHU Corporation (TSE:8001) acquired an unknown minority stake in Javelin Global Commodities (UK) Ltd.

Mitsui Fudosan Logistics REIT Management Co., Ltd. agreed to acquire ITOCHU REIT Management Co., Ltd. from ITOCHU Corporation (TSE:8001) and ITOCHU Property Development, Ltd.

Mitsui Fudosan Logistics Park Inc. (TSE:3471) agreed to acquire Advance Logistics Investment Corporation (TSE:3493) from a group of shareholders for ¥81.8 billion.

First quarter 2025 earnings released: EPS: JP¥144 (vs JP¥147 in 1Q 2024)

ITOCHU Corporation (TSE:8001) proposed to acquire additional 44.3% stake in C.I.TAKIRON Corporation (TSE:4215) for ¥37.6 billion.

Investor sentiment deteriorates as stock falls 17%

ITOCHU Corporation (TSE:8001) announces an Equity Buyback for 28,000,000 shares, representing 1.9% for ¥150,000 million.

Now 20% undervalued after recent price drop

Final dividend of JP¥100.00 announced

iSigma Business Advancement Fund 4 managed by iSigma Capital Corporation completed the acquisition of 52% stake in Japan Foods Co., Ltd. (TSE:2599) from ITOCHU Corporation (TSE:8001) and others for ¥6.2 billion.

Advance Residence Investment Corporation (TSE:3269) agreed to acquire RESIDIA Kunitachi from ITOCHU Corporation (TSE:8001) for ¥1.3 billion.

Full year 2024 earnings released: EPS: JP¥553 (vs JP¥546 in FY 2023)

ITOCHU Corporation to Report Q1, 2025 Results on Aug 05, 2024

Full year 2024 earnings released: EPS: JP¥553 (vs JP¥546 in FY 2023)

Itochu Corporation Announces Dividend for the Year Ended March 31, 2024, Payable on June 24, 2024; Announces Dividend Guidance for the Second Quarter and Year Ended of Fiscal Year 2025

J-Will Partners Co., Ltd. and ITOCHU Corporation (TSE:8001) completed the acquisition of WECARS Co., Ltd.

Itochu Corporation Announces Changes in Assignment of Senior Operating Officer and Executive Officer

ITOCHU Corporation, Annual General Meeting, Jun 21, 2024

Now 20% overvalued after recent price rise

ITOCHU Corporation to Report Fiscal Year 2024 Results on May 08, 2024

Upcoming dividend of JP¥80.00 per share

Now 20% overvalued after recent price rise

ITOCHU Corporation Provides Year End Dividend Guidance for the Year Ending March 31, 2024

Now 23% overvalued after recent price rise

Third quarter 2024 earnings released: EPS: JP¥137 (vs JP¥136 in 3Q 2023)

ITOCHU Corporation (TSE:8001) and Osaka Gas Co., Ltd. (TSE:9532) agreed to acquire 13.56% stake in Everfuel A/S (OB:EFUEL) from Nel ASA (OB:NEL) for NOK 120 million.

ITOCHU Corporation to Report Q3, 2024 Results on Feb 05, 2024

ITOCHU Corporation (TSE:8001) announces an Equity Buyback for 17,000,000 shares, representing 1.2% for ¥75,000 million.

Second quarter 2024 earnings released

ITOCHU Corporation (TSE:8001) completed the acquisition of 51.024636% stake in Daiken Corporation (TSE:7905).

Upcoming dividend of JP¥80.00 per share at 2.8% yield

ITOCHU REIT Management Co., Ltd. agreed to acquire 11 properties of ITOCHU Corporation for ¥22.5 billion.

ITOCHU Corporation to Report First Half, 2024 Results on Nov 06, 2023

First quarter 2024 earnings released: EPS: JP¥147 (vs JP¥157 in 1Q 2023)

ITOCHU Corporation (TSE:8001) announces an Equity Buyback for 5,500,000 shares, representing 0.4% for ¥25,000 million.

ITOCHU Corporation (TSE:8001) made an offer to acquire remaining 38.76% stake in ITOCHU Techno-Solutions Corporation (TSE:4739) for an offer per share of JPY 4,325.

ITOCHU Corporation to Report Q1, 2024 Results on Aug 04, 2023

ITOCHU Corporation, Annual General Meeting, Jun 23, 2023

Full year 2023 earnings released: EPS: JP¥547 (vs JP¥553 in FY 2022)

Upcoming dividend of JP¥75.00 per share at 3.6% yield

Nojima Corporation (TSE:7419) completed the acquisition of Conexio Corporation (TSE:9422) from ITOCHU Corporation (TSE:8001) and others.

Third quarter 2023 earnings released: EPS: JP¥136 (vs JP¥120 in 3Q 2022)

ITOCHU Corporation (TSE:8001) announces an Equity Buyback for 7,500,000 shares, representing 0.5% for ¥25,000 million.

FJ Next Co., Ltd. completed the acquisition of Ito Ippeki Kanri Service Co., Ltd. from ITOCHU Corporation.

Nojima Corporation (TSE:7419) agreed to acquire Conexio Corporation (TSE:9422) from ITOCHU Corporation (TSE:8001) and others for ¥85.4 billion.

Nojima Corporation (TSE:7419) agreed to acquire 60.342522% stake in Conexio Corporation (TSE:9422) from ITOCHU Corporation (TSE:8001) for ¥51.6 billion.

ITOCHU Corporation to Report Q3, 2023 Results on Feb 03, 2023

An unknown buyer acquired unknown minority stake in Solasia Pharma K.K. (TSE:4597) from ITOCHU Corporation (TSE:8001).

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: JP¥172 (vs JP¥157 in 2Q 2022)

ITOCHU Corporation (TSE:8001) completed the acquisition of an unknown stake in Japan Best Rescue System Co.,Ltd. (TSE:2453).

ITOCHU Corporation (TSE:8001) announces an Equity Buyback for 11,000,000 shares, representing 0.7% for ¥35,000 million.

Now 20% undervalued after recent price drop

Upcoming dividend of JP¥65.00 per share

ITOCHU Corporation to Report Q2, 2023 Results on Nov 04, 2022

First quarter 2023 earnings released: EPS: JP¥157 (vs JP¥180 in 1Q 2022)

High number of new directors

ITOCHU Corporation Reaffirms Consolidated Earnings Guidance for the Fiscal Year Ending March 2023

Nissin Sugar Co., Ltd. (TSE:2117) executed a basic agreement to acquire Itochu Sugar Co., Ltd. from ITOCHU Corporation (TSE:8001).

Now 21% undervalued after recent price drop

ITOCHU Corporation to Report Q1, 2023 Results on Aug 05, 2022

ITOCHU Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023