Shimano Management

Management criteria checks 3/4

Shimano's CEO is Yozo Shimano, appointed in Mar 2001, has a tenure of 23.67 years. directly owns 0.79% of the company’s shares, worth €90.72M. The average tenure of the management team and the board of directors is 3.8 years and 9.2 years respectively.

Key information

Yozo Shimano

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	23.7yrs
CEO ownership	0.8%
Management average tenure	3.8yrs
Board average tenure	9.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Yozo Shimano's remuneration changed compared to Shimano's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥42b
Jun 30 2024	n/a	n/a	JP¥54b
Mar 31 2024	n/a	n/a	JP¥65b
Dec 31 2023	n/a	n/a	JP¥61b
Sep 30 2023	n/a	n/a	JP¥75b
Jun 30 2023	n/a	n/a	JP¥110b
Mar 31 2023	n/a	n/a	JP¥120b
Dec 31 2022	n/a	n/a	JP¥128b
Sep 30 2022	n/a	n/a	JP¥143b
Jun 30 2022	n/a	n/a	JP¥128b
Mar 31 2022	n/a	n/a	JP¥116b
Dec 31 2021	JP¥111m	JP¥70m	JP¥116b
Sep 30 2021	n/a	n/a	JP¥102b
Jun 30 2021	n/a	n/a	JP¥88b
Mar 31 2021	n/a	n/a	JP¥72b
Dec 31 2020	JP¥109m	JP¥70m	JP¥63b
Sep 30 2020	n/a	n/a	JP¥56b
Jun 30 2020	n/a	n/a	JP¥58b
Mar 31 2020	n/a	n/a	JP¥61b
Dec 31 2019	JP¥105m	JP¥68m	JP¥52b
Sep 30 2019	n/a	n/a	JP¥57b
Jun 30 2019	n/a	n/a	JP¥51b
Mar 31 2019	n/a	n/a	JP¥53b
Dec 31 2018	JP¥105m	JP¥68m	JP¥54b
Sep 30 2018	n/a	n/a	JP¥50b
Jun 30 2018	n/a	n/a	JP¥47b
Mar 31 2018	n/a	n/a	JP¥40b
Dec 31 2017	JP¥108m	JP¥70m	JP¥38b

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

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

CEO

Yozo Shimano (76 yo)

23.7yrs

Tenure

JP¥111,000,000

Compensation

Mr. Yozo Shimano serves as Chief Executive Officer since March 2021 and a Director since March 2001 of Shimano Inc. and served as its President from March 2001 until March 2021 and served as its Senior Man...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Yozo Shimano	CEO & Chairman	23.7yrs	JP¥111.00m	0.79% € 90.7m
Taizo Shimano	President & Representative Director	3.7yrs	JP¥102.00m	0.12% € 14.1m
Takuma Kanai	Exe. Officer & VP of GA Admin Dept	4.7yrs	no data	no data
Masahiro Ohtake	Executive Officer & Supervising of Corporate Governance Administration Department	no data	no data	no data
Masahiro Tsuzaki	Deputy President & Director	no data	no data	0.0067% € 774.6k
Takashi Toyoshima	Deputy President & Representative Director	3.7yrs	no data	0.0022% € 258.2k
Tomohiro Ohtsu	Exe. Officer	7.8yrs	no data	no data
Kinji Kiyotani	Senior Exec. Off. Head & VP of Fishing Ops. Div.	3.8yrs	no data	no data
Tamotsu Yoshida	Exe. Officer	5.7yrs	no data	no data
Mitsuru Akagawa	Executive Officer & Vice President of Procurement Department in Bicycle Components Division	2.8yrs	no data	no data
Yuzo Shimano	Ex Off.	2.8yrs	no data	no data
Gozo Shimano	Ex. Officer of Supervising of Planning Dept. in Fishing Operations Div. & VP of Fishing Sales Dept.	2.8yrs	no data	no data

3.8yrs

Average Tenure

68yo

Average Age

Experienced Management: SHM's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Yozo Shimano	CEO & Chairman	23.7yrs	JP¥111.00m	0.79% € 90.7m
Taizo Shimano	President & Representative Director	14.7yrs	JP¥102.00m	0.12% € 14.1m
Masahiro Tsuzaki	Deputy President & Director	2.7yrs	no data	0.0067% € 774.6k
Takashi Toyoshima	Deputy President & Representative Director	14.7yrs	no data	0.0022% € 258.2k
Chin Seng Chia	Executive VP	13.7yrs	no data	no data
Kazuo Ichijo	Independent Outside Director	19.7yrs	no data	0.0045% € 516.4k
Yoshihiro Hirata	Audit & Supervisory Board Member	4.7yrs	no data	0.0045% € 516.4k
Kiyoshi Tarutani	Audit & Supervisory Board Member	2.7yrs	no data	0.0022% € 258.2k
Kanako Nozue	Outside Audit and Supervisory Board Member	10.7yrs	no data	no data
Mitsuhiro Katsumaru	Independent Outside Director	7.7yrs	no data	0.0011% € 129.1k
Sadayuki Sakakibara	Independent Outside Director	5.7yrs	no data	0.0011% € 129.1k
Hiromi Wada	Independent Outside Director	1.7yrs	no data	no data

9.2yrs

Average Tenure

67yo

Average Age

Experienced Board: SHM's board of directors are considered experienced (9.2 years average tenure).

Shimano Management

Management criteria checks 3/4

Key information

Recent management updates

Shimano Inc., Annual General Meeting, Mar 27, 2024

Shimano Inc., Annual General Meeting, Mar 29, 2023

Less than half of directors are independent

Less than half of directors are independent

Shimano Inc., Annual General Meeting, Mar 30, 2021

Recent updates

Third quarter 2024 earnings released: JP¥26.43 loss per share (vs JP¥108 profit in 3Q 2023)

Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024

Now 21% undervalued after recent price drop

Shimano Inc. to Report Q3, 2024 Results on Oct 29, 2024

First half dividend of JP¥155 announced

Second quarter 2024 earnings released: EPS: JP¥224 (vs JP¥334 in 2Q 2023)

Shimano Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2024

Upcoming dividend of JP¥143 per share

Shimano Inc. to Report Q2, 2024 Results on Jul 30, 2024

Now 21% overvalued after recent price rise

Shimano Inc. (TSE:7309) announces an Equity Buyback for 1,000,000 shares, representing 1.11% for ¥26,000 million.

Shimano Inc. (TSE:7309) announces an Equity Buyback for 1.11% of its issued share capital, for ¥26,000 million.

First quarter 2024 earnings released: EPS: JP¥264 (vs JP¥223 in 1Q 2023)

Final dividend of JP¥143 announced

Shimano Inc. to Report Q1, 2024 Results on Apr 23, 2024

Full year 2023 earnings released: EPS: JP¥677 (vs JP¥1,408 in FY 2022)

Shimano Inc. Provides Earnings Guidance for the First Half and Full Fiscal Year 2024

Shimano Inc., Annual General Meeting, Mar 27, 2024

Shimano Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024

Upcoming dividend of JP¥143 per share at 1.3% yield

New minor risk - Profit margin trend

Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023

Shimano Inc. to Report Q3, 2023 Results on Oct 24, 2023

New major risk - Revenue and earnings growth

Shimano Inc. Provides Dividend Guidance for the Year Ending December 31, 2023

Second quarter 2023 earnings released: EPS: JP¥334 (vs JP¥437 in 2Q 2022)

Upcoming dividend of JP¥143 per share at 1.2% yield

Shimano Inc. to Report Q2, 2023 Results on Jul 25, 2023

First quarter 2023 earnings released: EPS: JP¥223 (vs JP¥314 in 1Q 2022)

Full year 2022 earnings released: EPS: JP¥1,408 (vs JP¥1,253 in FY 2021)

Shimano Inc., Annual General Meeting, Mar 29, 2023

Upcoming dividend of JP¥118 per share

Shimano Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023

Third quarter 2022 earnings released: EPS: JP¥495 (vs JP¥324 in 3Q 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: JP¥495 (vs JP¥324 in 3Q 2021)

Shimano Inc. to Report Q3, 2022 Results on Oct 25, 2022

Second quarter 2022 earnings released: EPS: JP¥437 (vs JP¥296 in 2Q 2021)

Shimano Inc. to Report Q2, 2022 Results on Jul 26, 2022

Upcoming dividend of JP¥118 per share

Now 24% undervalued after recent price drop

First quarter 2022 earnings released: EPS: JP¥314 (vs JP¥308 in 1Q 2021)

Less than half of directors are independent

Shimano Inc. (TSE:7309) announces an Equity Buyback for 1,000,000 shares, representing 1.09% for ¥28,000 million.

Shimano Inc. to Report Q1, 2022 Results on Apr 26, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of JP¥118 per share

Third quarter 2021 earnings released: EPS JP¥324 (vs JP¥173 in 3Q 2020)

Second quarter 2021 earnings released: EPS JP¥296 (vs JP¥125 in 2Q 2020)

Upcoming dividend of JP¥77.50 per share

First quarter 2021 earnings released: EPS JP¥308 (vs JP¥212 in 1Q 2020)

Shimano Inc. to Report Q1, 2021 Results on Apr 27, 2021

New 90-day low: €187

Full year 2020 earnings released: EPS JP¥685 (vs JP¥559 in FY 2019)

Revenue beats expectations

New 90-day high: €205

Shimano Inc., Annual General Meeting, Mar 30, 2021

Upcoming Dividend of JP¥77.50 Per Share

Shimano Inc. to Report Fiscal Year 2020 Results on Feb 09, 2021

Third quarter 2020 earnings released: EPS JP¥173

Revenue beats expectations

New 90-day high: €195

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

New 90-day low: €167

Shimano Inc. to Report Q3, 2020 Results on Oct 27, 2020

New 90-day low - €167

First half earnings released

New 90-day high - €185

CEO Compensation Analysis