TOPPAN Holdings Management

Management criteria checks 4/4

TOPPAN Holdings' CEO is Hideharu Maro, appointed in Jun 2019, has a tenure of 5.42 years. total yearly compensation is ¥199.00M, comprised of 79.9% salary and 20.1% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth €1.91M. The average tenure of the management team and the board of directors is 5.6 years and 4.3 years respectively.

Key information

Hideharu Maro

Chief executive officer

JP¥199.0m

Total compensation

CEO salary percentage	79.9%
CEO tenure	5.4yrs
CEO ownership	0.03%
Management average tenure	5.6yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hideharu Maro's remuneration changed compared to TOPPAN Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥89b
Jun 30 2024	n/a	n/a	JP¥75b
Mar 31 2024	JP¥199m	JP¥159m	JP¥74b
Dec 31 2023	n/a	n/a	JP¥54b
Sep 30 2023	n/a	n/a	JP¥26b
Jun 30 2023	n/a	n/a	JP¥57b
Mar 31 2023	JP¥188m	JP¥149m	JP¥61b
Dec 31 2022	n/a	n/a	JP¥82b
Sep 30 2022	n/a	n/a	JP¥157b
Jun 30 2022	n/a	n/a	JP¥128b
Mar 31 2022	JP¥169m	JP¥135m	JP¥123b
Dec 31 2021	n/a	n/a	JP¥108b
Sep 30 2021	n/a	n/a	JP¥96b
Jun 30 2021	n/a	n/a	JP¥91b
Mar 31 2021	JP¥148m	JP¥116m	JP¥82b
Dec 31 2020	n/a	n/a	JP¥87b
Sep 30 2020	n/a	n/a	JP¥24b
Jun 30 2020	n/a	n/a	JP¥85b
Mar 31 2020	JP¥110m	JP¥94m	JP¥87b

Compensation vs Market: Hideharu's total compensation ($USD1.30M) is below average for companies of similar size in the German market ($USD3.48M).

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

CEO

Hideharu Maro (68 yo)

5.4yrs

Tenure

JP¥199,000,000

Compensation

Mr. Hideharu Maro serves as a Representative Director of TOPPAN Holdings Inc. (formerly known as Toppan Printing Co., Ltd.) since June 2018 and is its President since June 2019. He was an Executive Vice Pr...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hideharu Maro	CEO, President & Representative Director	5.4yrs	JP¥199.00m	0.026% € 1.9m
Takashi Kurobe	CFO, CRO	6.4yrs	no data	0.0063% € 471.5k
Kazunori Sakai	Executive VP	1.1yrs	no data	0.011% € 819.1k
Yoshiteru Itotani	Managing Executive Officer of Information & Communication Division	1.8yrs	no data	no data
Shinichi Ohkubo	Executive Vice President	no data	no data	no data
Yuichiro Kotani	Managing Executive Officer of Nishinihon Division	no data	no data	no data
Norio Yamanaka	Managing Executive Officer of Environmental Design Subdivision	no data	no data	no data
Haruhiko Noguchi	Senior Managing Executive Officer of Living & Industry Division	no data	no data	no data
Masanori Saito	Senior Managing Executive Officer & Representative Director	no data	no data	0.0093% € 695.3k
Tetsuro Ueki	Senior Managing Executive Officer & Head of Electronics Division	no data	no data	no data
Katsuhiko Fukada	Managing Executive Officer and Deputy Head of Living & Industry Division	5.8yrs	no data	no data
Shigeru Kosami	Managing Executive Officer of Display Business & Electronics Division	5.8yrs	no data	no data

5.6yrs

Average Tenure

65.5yo

Average Age

Experienced Management: TPX's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hideharu Maro	CEO, President & Representative Director	15.4yrs	JP¥199.00m	0.026% € 1.9m
Takashi Kurobe	CFO, CRO	6.4yrs	no data	0.0063% € 471.5k
Kazunori Sakai	Executive VP	5.4yrs	no data	0.011% € 819.1k
Masanori Saito	Senior Managing Executive Officer & Representative Director	1.4yrs	no data	0.0093% € 695.3k
Hideki Soeda	Director	1.4yrs	no data	0.0027% € 198.4k
Ryoko Toyama	Independent Outside Director	8.4yrs	no data	no data
Yuka Miyagawa	Independent Outside Audit & Supervisory Board Member	less than a year	no data	no data
Masatoshi Hagiwara	Senior Full-Time Audit & Supervisory Board Member	2.4yrs	no data	0.0040% € 297.7k
Itaru Kubozono	Full-Time Audit & Supervisory Board Member	5.4yrs	no data	0.0020% € 149.2k
Mieko Nakabayashi	Independent Outside Director	4.3yrs	no data	no data
Asuka Takeuchi	Independent Outside Director	less than a year	no data	no data

4.3yrs

Average Tenure

63yo

Average Age

Experienced Board: TPX's board of directors are considered experienced (4.3 years average tenure).

TOPPAN Holdings Management

Management criteria checks 4/4

Key information

Recent management updates

TOPPAN Holdings Inc., Annual General Meeting, Jun 27, 2024

Toppan Inc., Annual General Meeting, Jun 29, 2023

Less than half of directors are independent

Toppan Inc., Annual General Meeting, Jun 29, 2022

Less than half of directors are independent

Recent updates

TOPPAN Holdings Inc. (TSE:7911) acquired Selinko Sa.

TOPPAN Holdings Inc. (TSE:7911) agreed to acquire Citizen Identity Solutions business of HID Global Corporation.

TOPPAN Holdings Inc. to Report Q2, 2025 Results on Nov 13, 2024

Upcoming dividend of JP¥24.00 per share

First quarter 2025 earnings released: EPS: JP¥31.94 (vs JP¥29.59 in 1Q 2024)

Final dividend of JP¥24.00 announced

Now 23% undervalued

TOPPAN Holdings Inc. to Report Q1, 2025 Results on Aug 09, 2024

Now 20% undervalued

Full year 2024 earnings released: EPS: JP¥232 (vs JP¥185 in FY 2023)

TOPPAN Holdings Inc., Annual General Meeting, Jun 27, 2024

TOPPAN Holdings Inc. (TSE:7911) announces an Equity Buyback for 39,000,000 shares, representing 12.31% for ¥100,000 million.

Investor sentiment improves as stock rises 17%

TOPPAN Holdings Inc. (TSE:7911) acquired Cocolable inc.

TOPPAN Holdings Inc. to Report Fiscal Year 2024 Results on May 13, 2024

Upcoming dividend of JP¥24.00 per share

TOPPAN Holdings Inc. (TSE:7911) completed the acquisition of Cross Media Limited.

Third quarter 2024 earnings released: EPS: JP¥124 (vs JP¥36.39 in 3Q 2023)

Now 21% undervalued

TOPPAN Holdings Inc. to Report Q3, 2024 Results on Feb 14, 2024

Now 22% undervalued

Investor sentiment improves as stock rises 19%

Second quarter 2024 earnings released: EPS: JP¥26.01 (vs JP¥119 in 2Q 2023)

Toppan Inc. to Report Q2, 2024 Results on Nov 13, 2023

Upcoming dividend of JP¥24.00 per share at 1.2% yield

First quarter 2024 earnings released: EPS: JP¥29.59 (vs JP¥42.04 in 1Q 2023)

Toppan Inc. to Report Q1, 2024 Results on Aug 14, 2023

Full year 2023 earnings released: EPS: JP¥185 (vs JP¥365 in FY 2022)

Toppan Inc., Annual General Meeting, Jun 29, 2023

Upcoming dividend of JP¥22.00 per share at 1.7% yield

Third quarter 2023 earnings released: EPS: JP¥36.39 (vs JP¥259 in 3Q 2022)

Toppan Inc. (TSE:7911) agreed to acquire an 8.05% stake in Fusion Co.,Ltd. (SPSE:3977) from Hidekatsu Hanai.

Toppan Inc. to Report Q3, 2023 Results on Feb 08, 2023

Toppan Develops Black Light Control Film for Automobiles

Second quarter 2023 earnings released: EPS: JP¥119 (vs JP¥30.46 in 2Q 2022)

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: JP¥119 (vs JP¥30.46 in 2Q 2022)

Toppan Inc. to Report Q2, 2023 Results on Nov 09, 2022

Upcoming dividend of JP¥22.00 per share

First quarter 2023 earnings released: EPS: JP¥42.04 (vs JP¥26.89 in 1Q 2022)

Full year 2022 earnings released: EPS: JP¥365 (vs JP¥237 in FY 2021)

Toppan Inc., Annual General Meeting, Jun 29, 2022

Less than half of directors are independent

Toppan Inc. to Report Fiscal Year 2022 Results on May 11, 2022

Upcoming dividend of JP¥20.00 per share

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

Toppan Inc. (TSE:7911) announces an Equity Buyback for 13,000,000 shares, representing 3.88% for ¥20,000 million.

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS JP¥30.46 (vs JP¥14.52 in 2Q 2021)

Upcoming dividend of JP¥20.00 per share

First quarter 2022 earnings released: EPS JP¥26.89 (vs JP¥1.88 in 1Q 2021)

Toppan Printing Co., Ltd. (TSE:7911) acquired 75.8% stake in Aioi Systems Co., Ltd.

Full year 2021 earnings released: EPS JP¥237 (vs JP¥261 in FY 2020)

Upcoming dividend of JP¥20.00 per share

New 90-day high: €13.30

Third quarter 2021 earnings released: EPS JP¥216 (vs JP¥34.42 in 3Q 2020)

Revenue beats expectations

Toppan Printing Co., Ltd. to Report Q3, 2021 Results on Feb 12, 2021

New 90-day high: €13.00

Second quarter 2021 earnings released: EPS JP¥14.52

Revenue beats expectations

New 90-day low: €10.80

Toppan Printing Co., Ltd. to Report Q2, 2021 Results on Nov 11, 2020

New 90-day low: €11.70

New 90-day low - €12.30

First quarter earnings released

Toppan Printing Co., Ltd. to Report Q1, 2021 Results on Aug 27, 2020

CEO Compensation Analysis

CEO

Tenure