Marui Group Management

Management criteria checks 4/4

Marui Group's CEO is Hiroshi Aoi, appointed in Apr 2005, has a tenure of 19.17 years. total yearly compensation is ¥129.00M, comprised of 58.1% salary and 41.9% bonuses, including company stock and options. directly owns 0.83% of the company’s shares, worth €20.85M. The average tenure of the management team and the board of directors is 5.2 years and 3.5 years respectively.

Key information

Hiroshi Aoi

Chief executive officer

JP¥129.0m

Total compensation

CEO salary percentage	58.1%
CEO tenure	19.2yrs
CEO ownership	0.8%
Management average tenure	5.2yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hiroshi Aoi's remuneration changed compared to Marui Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	JP¥25b
Dec 31 2023	n/a	n/a	JP¥21b
Sep 30 2023	n/a	n/a	JP¥20b
Jun 30 2023	n/a	n/a	JP¥22b
Mar 31 2023	JP¥129m	JP¥75m	JP¥21b
Dec 31 2022	n/a	n/a	JP¥20b
Sep 30 2022	n/a	n/a	JP¥19b
Jun 30 2022	n/a	n/a	JP¥18b
Mar 31 2022	n/a	n/a	JP¥18b
Dec 31 2021	n/a	n/a	JP¥5b
Sep 30 2021	n/a	n/a	JP¥6b
Jun 30 2021	n/a	n/a	JP¥4b
Mar 31 2021	n/a	n/a	JP¥2b
Dec 31 2020	n/a	n/a	JP¥19b
Sep 30 2020	n/a	n/a	JP¥20b
Jun 30 2020	n/a	n/a	JP¥21b
Mar 31 2020	n/a	n/a	JP¥25b
Dec 31 2019	n/a	n/a	JP¥26b
Sep 30 2019	n/a	n/a	JP¥27b
Jun 30 2019	n/a	n/a	JP¥25b
Mar 31 2019	JP¥102m	JP¥84m	JP¥25b

Compensation vs Market: Hiroshi's total compensation ($USD820.05K) is below average for companies of similar size in the German market ($USD2.12M).

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

CEO

Hiroshi Aoi (63 yo)

19.2yrs

Tenure

JP¥129,000,000

Compensation

Mr. Hiroshi Aoi has been the President of Marui Group Co., Ltd. (Also known as Marui Co. Ltd). since April 2005 and has been its Group Representative Executive Officer since October 2006.Mr. Aoi serves as...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hiroshi Aoi	President	19.2yrs	JP¥129.00m	0.83% ¥ 20.8m
Hirotsugu Kato	Managing Executive Officer	5.2yrs	no data	0.0053% ¥ 133.9k
Takatoyo Ogura	IR Department General Manager	no data	no data	no data
Tomoo Ishii	Senior Managing Executive Officer & Chief Human Resource Officer	9.2yrs	no data	no data
Masao Nakamura	Senior Managing Executive Officer & Chief Security Officer	13.2yrs	no data	no data
Yoshinori Saito	Managing Executive Officer	5.2yrs	no data	no data
Masahiro Aono	Managing Executive Officer	5.2yrs	no data	no data
Reiko Kojima	Chief Well-being Officer	3.1yrs	no data	no data
Akikazu Aida	Managing Executive Officer and Chief Digital Officer & GM of New Project Division	2.7yrs	no data	no data
Takeshi Ebihara	Senior Executive Officer	1.4yrs	no data	no data
Ryohsuke Murai	Finance Department GM & Treasury Manager	no data	no data	no data
Ayumi Hiromatsu	Executive Officer	2.2yrs	no data	no data

5.2yrs

Average Tenure

62yo

Average Age

Experienced Management: MUI's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hiroshi Aoi	President	20yrs	JP¥129.00m	0.83% ¥ 20.8m
Hirotsugu Kato	Managing Executive Officer	8yrs	no data	0.0053% ¥ 133.9k
Reiko Kojima	Chief Well-being Officer	3yrs	no data	no data
Yasunori Nakagami	Independent External Director	3yrs	no data	no data
Hajime Sasaki	Full Time Audit & Supervisory Board Member	2yrs	no data	0.0043% ¥ 107.2k
Etsuko Okajima	Independent External Director	10yrs	no data	no data
Yoko Suzuki	External Audit & Supervisory Board Member	4yrs	no data	0.0011% ¥ 26.7k
Hitoshi Kawai	Full-Time Audit & Supervisory Board Member	4yrs	no data	no data
Peter Pedersen	Independent External Director	3yrs	no data	no data
Hiroaki Matsumoto	External Audit & Supervisory Board Member	2yrs	no data	no data

3.5yrs

Average Tenure

59yo

Average Age

Experienced Board: MUI's board of directors are considered experienced (3.5 years average tenure).

Marui Group Management

Management criteria checks 4/4

Key information

Recent management updates

Marui Group Co., Ltd., Annual General Meeting, Jun 24, 2024

Marui Group Co., Ltd., Annual General Meeting, Jun 27, 2023

High number of new and inexperienced directors

Marui Group Co., Ltd., Annual General Meeting, Jun 28, 2022

High number of new and inexperienced directors

Recent updates

Marui Group Co., Ltd. to Report Q1, 2025 Results on Aug 06, 2024

Full year 2024 earnings released: EPS: JP¥131 (vs JP¥109 in FY 2023)

Marui Group Co., Ltd., Annual General Meeting, Jun 24, 2024

Marui Group Co., Ltd. (TSE:8252) announces an Equity Buyback for 11,000,000 shares, representing 5.86% for ¥20,000 million.

Now 21% overvalued

Upcoming dividend of JP¥51.00 per share

Marui Group Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024

Third quarter 2024 earnings released: EPS: JP¥32.63 (vs JP¥25.94 in 3Q 2023)

Marui Group Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024

Second quarter 2024 earnings released: EPS: JP¥37.70 (vs JP¥47.97 in 2Q 2023)

Upcoming dividend of JP¥50.00 per share at 4.0% yield

Marui Group Co., Ltd. to Report Q2, 2024 Results on Nov 14, 2023

First quarter 2024 earnings released: EPS: JP¥22.91 (vs JP¥19.20 in 1Q 2023)

Marui Group Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023

Marui Group Co., Ltd. Provides Dividend Guidance for the Second Quarter and Fiscal Year Ending March 31, 2024; Declares Dividend for the Year Ended March 31, 2023, Payable on June 28, 2023

Full year 2023 earnings released: EPS: JP¥109 (vs JP¥85.81 in FY 2022)

Marui Group Co., Ltd. (TSE:8252) announces an Equity Buyback for 22,000,000 shares, representing 11.62% for ¥40,000 million.

Marui Group Co., Ltd., Annual General Meeting, Jun 27, 2023

Upcoming dividend of JP¥30.00 per share at 2.9% yield

Third quarter 2023 earnings released: EPS: JP¥25.94 (vs JP¥19.52 in 3Q 2022)

Marui Group Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2023

Marui Group Co., Ltd. to Report Q3, 2023 Results on Feb 07, 2023

Second quarter 2023 earnings released: EPS: JP¥47.97 (vs JP¥42.50 in 2Q 2022)

High number of new and inexperienced directors

Marui Group Co., Ltd. Announces Guidance for the Second Quarter End Of Fiscal Year Ending March 31, 2023, Payable on December 15, 2022; Provides Earnings Guidance for the Year Ending 2023

Marui Group Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year March 31, 2023

Upcoming dividend of JP¥29.00 per share

Marui Group Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022

First quarter 2023 earnings released: EPS: JP¥19.20 (vs JP¥15.59 in 1Q 2022)

Marui Group Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023

Marui Group Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022

Full year 2022 earnings released: EPS: JP¥85.81 (vs JP¥10.85 in FY 2021)

Marui Group Co., Ltd. Provides Dividend Guidance for the Six Months and Year Ending March 31, 2023

Marui Group Co., Ltd., Annual General Meeting, Jun 28, 2022

High number of new and inexperienced directors

Marui Group Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022

Upcoming dividend of JP¥26.00 per share

Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Marui Group Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2022

Second quarter 2022 earnings released: EPS JP¥42.50 (vs JP¥34.31 in 2Q 2021)

Upcoming dividend of JP¥26.00 per share

First quarter 2022 earnings released: EPS JP¥15.59 (vs JP¥7.30 in 1Q 2021)

Full year 2021 earnings released: EPS JP¥10.85 (vs JP¥118 in FY 2020)

Marui Group Co., Ltd. (TSE:8252) announces an Equity Buyback for 18,000,000 shares, representing 8.4% for ¥30,000 million.

Upcoming Dividend of JP¥26.00 Per Share

New 90-day high: €16.50

Revenue misses expectations

Third quarter 2021 earnings released: EPS JP¥23.22 (vs JP¥27.49 in 3Q 2020)

New 90-day low: €13.30

Marui Group Co., Ltd. to Report Q3, 2021 Results on Feb 08, 2021

New 90-day low: €14.70

Second quarter 2021 earnings released: EPS JP¥34.31

Revenue beats expectations

New 90-day high: €17.00

Marui Group Co., Ltd. to Report Q2, 2021 Results on Nov 12, 2020

New 90-day high: €16.20

First quarter earnings released

Earnings released

New 90-day low - €13.60

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age