Honma Golf Limited

DB:HF5 Stock Report

Market Cap: €207.9m

Honma Golf Management

Management criteria checks 3/4

Honma Golf's CEO is Jianguo Liu, appointed in Jun 2016, has a tenure of 9.75 years. total yearly compensation is ¥39.50M, comprised of 91.3% salary and 8.7% bonuses, including company stock and options. directly owns 38.67% of the company’s shares, worth €80.41M. The average tenure of the management team and the board of directors is 9.8 years and 9.5 years respectively.

Key information

Jianguo Liu

Chief executive officer

JP¥39.5m

Total compensation

CEO salary percentage91.33%
CEO tenure9.8yrs
CEO ownership38.7%
Management average tenure9.8yrs
Board average tenure9.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jianguo Liu's remuneration changed compared to Honma Golf's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

-JP¥2b

Jun 30 2025n/an/a

-JP¥1b

Mar 31 2025JP¥40mJP¥36m

-JP¥264m

Dec 31 2024n/an/a

JP¥194m

Sep 30 2024n/an/a

JP¥653m

Jun 30 2024n/an/a

JP¥3b

Mar 31 2024JP¥37mJP¥34m

JP¥5b

Dec 31 2023n/an/a

JP¥4b

Sep 30 2023n/an/a

JP¥3b

Jun 30 2023n/an/a

JP¥3b

Mar 31 2023JP¥35mJP¥32m

JP¥3b

Dec 31 2022n/an/a

JP¥6b

Sep 30 2022n/an/a

JP¥8b

Jun 30 2022n/an/a

JP¥7b

Mar 31 2022JP¥31mJP¥29m

JP¥6b

Dec 31 2021n/an/a

JP¥5b

Sep 30 2021n/an/a

JP¥4b

Jun 30 2021n/an/a

JP¥3b

Mar 31 2021JP¥27mJP¥26m

JP¥2b

Dec 31 2020n/an/a

JP¥187m

Sep 30 2020n/an/a

-JP¥1b

Jun 30 2020n/an/a

-JP¥1b

Mar 31 2020JP¥19mJP¥19m

-JP¥732m

Dec 31 2019n/an/a

JP¥646m

Sep 30 2019n/an/a

JP¥2b

Jun 30 2019n/an/a

JP¥3b

Mar 31 2019JP¥18mJP¥17m

JP¥4b

Compensation vs Market: Jianguo's total compensation ($USD249.98K) is below average for companies of similar size in the German market ($USD821.42K).

Compensation vs Earnings: Jianguo's compensation has increased whilst the company is unprofitable.

CEO

Jianguo Liu (56 yo)

9.8yrs
Tenure
JP¥39,504,000
Compensation

Mr. Jianguo Liu has been Executive Chairman of the Board and President of Honma Golf Limited and Honma Golf Co., Ltd., since June 14, 2016. Mr. Liu is responsible for formulating the overall development st...

Leadership Team

NamePositionTenureCompensationOwnership
Jianguo Liu
Executive Chairman & President9.8yrsJP¥39.50m38.67%
€ 80.4m
Jun Zuo
Chief Administrative Officer9.8yrsJP¥13.70m0.026%
€ 54.3k
Yasuki Ito
Chief Marketing Officer9.8yrsJP¥12.33m0.018%
€ 37.4k
Hongli Liu
Executive Director2.5yrsJP¥32.11mno data
Weiwen Bian
CFO & COO9.8yrsno datano data
Julia Chen
Investor Relations Directorno datano datano data
Hiroshi Suwa
Managing Executive Officer of Product Development9.8yrsno datano data
Ying Man Sham
Company Secretary7.3yrsno datano data
Kenji Ueda
Director of Golf Club Manufacturing & Procurement Dept. and Executive Officer of Production10.8yrsno datano data
9.8yrs
Average Tenure
56yo
Average Age

Experienced Management: HF5's management team is seasoned and experienced (9.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jianguo Liu
Executive Chairman & President9.8yrsJP¥39.50m38.67%
€ 80.4m
Jun Zuo
Chief Administrative Officer9.8yrsJP¥13.70m0.026%
€ 54.3k
Yasuki Ito
Chief Marketing Officer9.8yrsJP¥12.33m0.018%
€ 37.4k
Hongli Liu
Executive Director2.5yrsJP¥32.11mno data
Soopakij Chearavanont
Non-Executive Director1.3yrsJP¥4.21mno data
Xiaoping Yang
Non Executive Director7.8yrsJP¥4.29mno data
Jianguo Wang
Independent Non-Executive Director9.5yrsJP¥6.08mno data
Pochin Lu
Independent Non-Executive Director9.5yrsJP¥10.14mno data
Hui Xu
Independent Non-Executive Director9.5yrsJP¥6.08mno data
Qing Tian
Independent Non-Executive Director1.3yrsno datano data
9.5yrs
Average Tenure
58.5yo
Average Age

Experienced Board: HF5's board of directors are considered experienced (9.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/10 11:52
End of Day Share Price 2026/03/10 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Honma Golf Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Carlton LaiDaiwa Securities Co. Ltd.
Terence ChengMorgan Stanley
Andrew John OrchardNomura Securities Co. Ltd.