Nippon Aqua Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Fumitaka Nakamura

Chief executive officer

JP¥152.4m

Total compensation

CEO salary percentage	73.6%
CEO tenure	20yrs
CEO ownership	3.2%
Management average tenure	less than a year
Board average tenure	5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Fumitaka Nakamura's remuneration changed compared to Nippon Aqua's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥2b
Jun 30 2024	n/a	n/a	JP¥2b
Mar 31 2024	n/a	n/a	JP¥2b
Dec 31 2023	JP¥152m	JP¥112m	JP¥2b

Compensation vs Market: Fumitaka's total compensation ($USD983.98K) is about average for companies of similar size in the German market ($USD782.05K).

Compensation vs Earnings: Insufficient data to compare Fumitaka's compensation with company performance.

CEO

Fumitaka Nakamura (56 yo)

20yrs

Tenure

JP¥152,366,000

Compensation

Mr. Fumitaka Nakamura serves as the President and Representative Director at Nippon Aqua Co., Ltd. since November 2004.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Fumitaka Nakamura	President & Representative Director	20yrs	JP¥152.37m	3.2% € 5.0m
Yuka Murakami	Senior MD of Administration	1.3yrs	no data	0.85% € 1.3m
Hiroshi Egawa	Executive Officer	no data	no data	no data
Shinya Sasagawa	Head of Chubu & Kansai Block	less than a year	no data	no data
Keishi Usami	Head of Construction Division & Director	no data	no data	0.052% € 80.8k
Kazuhisa Nagata	Head of Development Department & Technical Center and Director	less than a year	no data	0.026% € 40.9k
Shinichi Tamba	Head of Hokkaido & Tohoku Block	less than a year	no data	no data
Yoshitaka Hamaguchi	Head of Kanto Block	less than a year	no data	no data
Tsuyoshi Nakashima	Head of Hokuriku & Shinetsu Block	less than a year	no data	no data
Hiroyasu Miyazaki	Head of Chugoku & Shikoku Block	less than a year	no data	no data
Seigou Ezaki	Head of Kyushu Block	less than a year	no data	no data
Chiemi Kawakami	Executive Officer	no data	no data	no data

0.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: N3A's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Fumitaka Nakamura	President & Representative Director	20yrs	JP¥152.37m	3.2% € 5.0m
Yuka Murakami	Senior MD of Administration	11.7yrs	no data	0.85% € 1.3m
Keishi Usami	Head of Construction Division & Director	8.5yrs	no data	0.052% € 80.8k
Kazuhisa Nagata	Head of Development Department & Technical Center and Director	2.7yrs	no data	0.026% € 40.9k
Yoshiaki Takahashi	Independent Outside Director	1.7yrs	no data	no data
Takeshi Kenmochi	Independent Outside Director	1.7yrs	no data	no data
Hidetaka Nishina	Independent Outside Director	7.6yrs	no data	no data
Yuki Matsuda	Independent Outside Director	7.6yrs	no data	no data
Junichi Tamagami	Independent Outside Director	less than a year	no data	no data
Naofumi Higuchi	Independent Outside Director	1.7yrs	no data	no data
Hiroshi Kondo	Auditor	no data	no data	no data

5.1yrs

Average Tenure

56.5yo

Average Age

Experienced Board: N3A's board of directors are considered experienced (5.1 years average tenure).

Nippon Aqua Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

Nippon Aqua Co., Ltd. Announces Resignation of Noboru Kohara as External Director, Full-Time Audit and Supervisory Committee Member, Effective March 28,2024

Nippon Aqua Co., Ltd., Annual General Meeting, Mar 28, 2024

Nippon Aqua Co., Ltd., Annual General Meeting, Mar 28, 2023

Nippon Aqua Co., Ltd., Annual General Meeting, Mar 28, 2023

No independent directors

Recent updates

Nippon Aqua Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending December 31, 2024

Nippon Aqua Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2024

Third quarter 2024 earnings released: EPS: JP¥14.77 (vs JP¥17.86 in 3Q 2023)

Nippon Aqua Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024

Now 23% overvalued

Second quarter 2024 earnings released: EPS: JP¥8.84 (vs JP¥16.43 in 2Q 2023)

Dividend of JP¥34.00 announced

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 18%

Nippon Aqua Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024

High number of new directors

First quarter 2024 earnings released: EPS: JP¥9.62 (vs JP¥13.77 in 1Q 2023)

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

Nippon Aqua Co., Ltd. Announces Resignation of Noboru Kohara as External Director, Full-Time Audit and Supervisory Committee Member, Effective March 28,2024

Nippon Aqua Co., Ltd., Annual General Meeting, Mar 28, 2024

Nippon Aqua Co., Ltd. Declares Dividend for the Fiscal Year Ended December 31, 2023, Payable on March 29, 2024

Nippon Aqua Co., Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024

Nippon Aqua Co., Ltd. Announces Organizational Changes, Effective January 1, 2024

Upcoming dividend of JP¥30.00 per share at 3.5% yield

Third quarter 2023 earnings released

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

Investor sentiment improves as stock rises 17%

New minor risk - Share price stability

Second quarter 2023 earnings released

First quarter 2023 earnings released: EPS: JP¥13.77 (vs JP¥9.59 in 1Q 2022)

Nippon Aqua Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending December 31, 2023

Full year 2022 earnings released: EPS: JP¥47.99 (vs JP¥29.50 in FY 2021)

Nippon Aqua Co., Ltd. Announces Earnings Guidance for the Six Months Ending June 30, 2023 and Fiscal Year Ending December 31, 2023

Nippon Aqua Co., Ltd., Annual General Meeting, Mar 28, 2023

Nippon Aqua Co., Ltd., Annual General Meeting, Mar 28, 2023

Full year 2022 earnings released: EPS: JP¥47.99 (vs JP¥29.50 in FY 2021)

Upcoming dividend of JP¥22.00 per share

Nippon Aqua Co., Ltd. announced that it expects to receive ¥3.02 million in funding from Daiwa Securities Co., Ltd., Investment Arm

Nippon Aqua Co., Ltd. (TSE:1429) announces an Equity Buyback for 1,200,000 shares, representing 3.71% for ¥1,200 million.

Nippon Aqua Co., Ltd. to Report Fiscal Year 2022 Results on Feb 10, 2023

No independent directors

Third quarter 2022 earnings released: EPS: JP¥15.35 (vs JP¥10.52 in 3Q 2021)

Nippon Aqua Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022

Nippon Aqua Co., Ltd. to Report Q3, 2022 Results on Nov 09, 2022

Nippon Aqua Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022

Second quarter 2022 earnings released

Nippon Aqua Co., Ltd. to Report Q2, 2022 Results on Aug 10, 2022

First quarter 2022 earnings released: EPS: JP¥9.59 (vs JP¥3.41 in 1Q 2021)

No independent directors

Nippon Aqua Co., Ltd. to Report Q1, 2022 Results on May 11, 2022

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

Nippon Aqua Co., Ltd., Annual General Meeting, Mar 25, 2022

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

Upcoming dividend of JP¥20.00 per share

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS JP¥10.52 (vs JP¥8.11 in 3Q 2020)

Second quarter 2021 earnings released: EPS JP¥3.19 (vs JP¥7.00 in 2Q 2020)

Investor sentiment deteriorated over the past week

First quarter 2021 earnings released: EPS JP¥3.41 (vs JP¥9.04 in 1Q 2020)

New 90-day low: €4.46

Full year 2020 earnings released: EPS JP¥42.82 (vs JP¥39.50 in FY 2019)

Nippon Aqua Co., Ltd., Annual General Meeting, Mar 25, 2021

New 90-day low: €4.74

First Dividend Is JP¥17.00 Per Share

Nippon Aqua Co., Ltd. to Report Fiscal Year 2020 Results on Feb 10, 2021

Third quarter 2020 earnings released: EPS JP¥8.11

New 90-day high: €5.45

New 90-day high - €5.20

First half earnings released

Nippon Aqua Co., Ltd. to Report Q3, 2020 Results on Nov 09, 2020

Earnings released

CEO Compensation Analysis

CEO

Tenure