Idemitsu KosanLtd Management

Management criteria checks 4/4

Idemitsu KosanLtd's CEO is Shunichi Kito, appointed in Apr 2018, has a tenure of 10.83 years. total yearly compensation is ¥161.00M, comprised of 55.9% salary and 44.1% bonuses, including company stock and options. directly owns 0.012% of the company’s shares, worth €1.04M. The average tenure of the management team and the board of directors is 4.6 years and 5 years respectively.

Key information

Shunichi Kito

Chief executive officer

JP¥161.0m

Total compensation

CEO salary percentage	55.9%
CEO tenure	6yrs
CEO ownership	0.01%
Management average tenure	4.6yrs
Board average tenure	5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Shunichi Kito's remuneration changed compared to Idemitsu KosanLtd's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	JP¥243b
Sep 30 2023	n/a	n/a	JP¥138b
Jun 30 2023	n/a	n/a	JP¥120b
Mar 31 2023	JP¥161m	JP¥90m	JP¥254b
Dec 31 2022	n/a	n/a	JP¥329b
Sep 30 2022	n/a	n/a	JP¥418b
Jun 30 2022	n/a	n/a	JP¥370b
Mar 31 2022	n/a	n/a	JP¥279b
Dec 31 2021	n/a	n/a	JP¥242b
Sep 30 2021	n/a	n/a	JP¥210b
Jun 30 2021	n/a	n/a	JP¥205b
Mar 31 2021	JP¥142m	JP¥90m	JP¥35b
Dec 31 2020	n/a	n/a	-JP¥95b
Sep 30 2020	n/a	n/a	-JP¥100b
Jun 30 2020	n/a	n/a	-JP¥140b
Mar 31 2020	n/a	n/a	-JP¥23b
Dec 31 2019	n/a	n/a	JP¥45b
Sep 30 2019	n/a	n/a	JP¥23b
Jun 30 2019	n/a	n/a	JP¥62b
Mar 31 2019	JP¥210m	JP¥97m	JP¥81b

Compensation vs Market: Shunichi's total compensation ($USD1.04M) is below average for companies of similar size in the German market ($USD3.54M).

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

CEO

Shunichi Kito (67 yo)

6yrs

Tenure

JP¥161,000,000

Compensation

Mr. Shunichi Kito is the Chief Executive Officer of Idemitsu Kosan Co.,Ltd. since April 2018 and is its President since April 2019 and its Representative Director. Mr. Kito served as Director of Idemitsu K...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Shunichi Kito	CEO, President & Representative Director	6yrs	JP¥161.00m	0.012% ¥ 1.0m
Susumu Nibuya	Executive VP	no data	JP¥111.00m	0.010% ¥ 852.8k
Noriaki Sakai	Executive VP	3.8yrs	no data	0.0064% ¥ 550.0k
Masahiko Sawa	Senior Executive Officer of Manufacturing & Technology	2.8yrs	no data	0.0025% ¥ 216.4k
Koji Tokumitsu	General Manager of Investor Relations Office & Treasury Department	no data	no data	no data
Kantaro Hoshino	Senior Executive Officer of General Affairs	1.3yrs	no data	no data
Kenichi Morishita	Managing Executive Officer of Marketing	4.3yrs	no data	no data
Hajime Nakamoto	Senior Managing Executive Officer & President of Advanced Materials Company	no data	no data	no data
Soichi Kobayashi	Managing Executive Officer & Chief Digital Officer	no data	no data	no data
Atsuhiko Hirano	Executive VP & Representative Director	5yrs	no data	0.0022% ¥ 184.8k
Makoto Abe	Senior Executive Officer of Technical Products & Business Development	5yrs	no data	no data
Hiroshi Watanabe	Senior Executive Officer	5yrs	no data	no data

4.6yrs

Average Tenure

62yo

Average Age

Experienced Management: I7B's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Shunichi Kito	CEO, President & Representative Director	10.8yrs	JP¥161.00m	0.012% ¥ 1.0m
Susumu Nibuya	Executive VP	8.8yrs	JP¥111.00m	0.010% ¥ 852.8k
Noriaki Sakai	Executive VP	2.8yrs	no data	0.0064% ¥ 550.0k
Masahiko Sawa	Senior Executive Officer of Manufacturing & Technology	1.8yrs	no data	0.0025% ¥ 216.4k
Atsuhiko Hirano	Executive VP & Representative Director	3.8yrs	no data	0.0022% ¥ 184.8k
Taigi Ito	Outside Audit & Supervisory Board Member	11.8yrs	no data	0.0029% ¥ 248.9k
Jun Suzuki	Independent Outside Director	no data	no data	0.00091% ¥ 77.8k
Takeo Kikkawa	Independent Outside Director	6.8yrs	no data	no data
Masakazu Idemitsu	Part-Time Director	5yrs	no data	0.33% ¥ 27.9m
Kazunari Kubohara	Part-Time Director	5yrs	no data	no data
Maki Kado	Independent Outside Director	2.8yrs	no data	no data
Yumiko Noda	Independent Outside Director	2.8yrs	no data	no data

5.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: I7B's board of directors are considered experienced (5 years average tenure).

Idemitsu KosanLtd Management

Management criteria checks 4/4

Key information

Recent management updates

Idemitsu Kosan Co.,Ltd., Annual General Meeting, Jun 22, 2023

Idemitsu Kosan Co.,Ltd., Annual General Meeting, Jun 22, 2023

Less than half of directors are independent

Idemitsu Kosan Co.,Ltd., Annual General Meeting, Jun 23, 2022

Idemitsu Kosan Co.,Ltd., Annual General Meeting, Jun 23, 2022

Less than half of directors are independent

Recent updates

Idemitsu Kosan Co.,Ltd. (TSE:5019) agreed to acquire 8.75% stake in Fuji Oil Company, Ltd. (TSE:5017) from JERA Co., Inc.

Upcoming dividend of JP¥16.00 per share

Idemitsu Kosan Co.,Ltd. to Report Q2, 2025 Results on Nov 12, 2024

Idemitsu Kosan Co.,Ltd. to Report Fiscal Year 2024 Results on May 14, 2024

Idemitsu Kosan Co.,Ltd. to Report Q3, 2024 Results on May 14, 2024

Third quarter 2024 earnings released: EPS: JP¥52.80 (vs JP¥20.96 loss in 3Q 2023)

Idemitsu Kosan Co.,Ltd. (TSE:5019) announces an Equity Buyback for 75,000,000 shares, representing 5.3% for ¥35,000 million.

Second quarter 2024 earnings released: EPS: JP¥421 (vs JP¥341 in 2Q 2023)

Investor sentiment improves as stock rises 26%

New major risk - Revenue and earnings growth

Idemitsu Kosan Co.,Ltd. Announces Dividend for the Quarter Ending September 30, 2023, Payable on December 7, 2023

Upcoming dividend of JP¥60.00 per share at 3.4% yield

Now 20% undervalued

First quarter 2024 earnings released: EPS: JP¥156 (vs JP¥603 in 1Q 2023)

Full year 2023 earnings released: EPS: JP¥853 (vs JP¥940 in FY 2022)

Full year 2023 earnings released: EPS: JP¥853 (vs JP¥940 in FY 2022)

Idemitsu Kosan Co.,Ltd., Annual General Meeting, Jun 22, 2023

Idemitsu Kosan Co.,Ltd., Annual General Meeting, Jun 22, 2023

Upcoming dividend of JP¥60.00 per share at 4.1% yield

Third quarter 2023 earnings released: JP¥105 loss per share (vs JP¥192 profit in 3Q 2022)

Idemitsu Kosan Co.,Ltd. (TSE:5019) announces an Equity Buyback for 29,000,000 shares, representing 9.74% for ¥60,000 million.

Idemitsu Kosan Co.,Ltd. Revises Earnings Guidance for the Year Ending March 31, 2023

Idemitsu Kosan Co.,Ltd. (TSE:5019) completed the acquisition of additional 47.918065% stake in TOA Oil Co., Ltd. (TSE:5008) from group of shareholders for ¥18.77 billion.

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: JP¥341 (vs JP¥183 in 2Q 2022)

Idemitsu Kosan Co.,Ltd. Provides Dividend Guidance for the Year End of Fiscal Ending March 31, 2023

Idemitsu Kosan Co.,Ltd. Revises Earnings Guidance for the Year Ending March 31, 2023

Upcoming dividend of JP¥60.00 per share

First quarter 2023 earnings released: EPS: JP¥603 (vs JP¥297 in 1Q 2022)

Idemitsu Kosan Co.,Ltd. Announces Dividend Guidance for the Second Quarter Ending September 30, 2022

Idemitsu Kosan Co.,Ltd. Revises Consolidated Earnings Guidance for the Year Ended March 31, 2023

Idemitsu Kosan Co.,Ltd. (TSE:5019) agreed to acquire additional 28.9% stake in Seibu Oil Co., Ltd..

Idemitsu Reportedly Puts Ensham Resources Thermal Coal Mining Business Up for Sale

Idemitsu Kosan Co.,Ltd., Annual General Meeting, Jun 23, 2022

Full year 2022 earnings released: EPS: JP¥940 (vs JP¥117 in FY 2021)

Idemitsu Kosan Co.,Ltd., Annual General Meeting, Jun 23, 2022

Less than half of directors are independent

Now 22% undervalued

Idemitsu Kosan Co.,Ltd. to Report Q3, 2023 Results on Feb 14, 2023

Upcoming dividend of JP¥60.00 per share

Less than half of directors are independent

Idemitsu Kosan Co.,Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2021

Idemitsu Kosan Co., Ltd. Announces Regarding Company Split

Second quarter 2022 earnings released: EPS JP¥183 (vs JP¥166 in 2Q 2021)

Upcoming dividend of JP¥60.00 per share

First quarter 2022 earnings released: EPS JP¥297 (vs JP¥274 loss in 1Q 2021)

Executive Officer & GM of Exploration and Production Development Jun Miki has left the company

Full year 2021 earnings released

Full year 2021 earnings released: EPS JP¥117 (vs JP¥76.31 loss in FY 2020)

Idemitsu Kosan Co.,Ltd. (TSE:5019) entered into Share Exchange Agreement to acquire reaming 30.3% stake in SDS Biotech K.K. (TSE:4952) from group of sellers for ¥3.1 billion.

Idemitsu Kosan Co.,Ltd. Provides Dividend Guidance for the Year Ending March 31, 2022

Upcoming dividend of JP¥60.00 per share

Idemitsu Kosan Co.,Ltd. to Report Fiscal Year 2021 Results on May 11, 2021

New 90-day high: €22.40

Idemitsu Kosan Co., Ltd. Reaches Agreement with Tajima Motor Corporation to Establish Idemitsu Tajima EV Corporation

Third quarter 2021 earnings released: EPS JP¥82.75 (vs JP¥65.07 in 3Q 2020)

Revenue beats expectations

Idemitsu Kosan Co.,Ltd. (TSE:5019) agreed to acquire Chita Petrochemicals Plant in Central Japan from ENEOS Holdings, Inc. (TSE:5020).

Idemitsu Kosan Co.,Ltd. Revises Consolidated Earnings Forecasts for the Year Ending March 2021

New 90-day high: €20.80

Idemitsu Kosan Co.,Ltd. (TSE:5019) signed an agreement to acquire an unknown stake in QLC Produce Co., Ltd.

New 90-day high: €18.60

Revenue misses expectations

Revenue misses expectations

Second quarter 2021 earnings released: EPS JP¥166

New 90-day low: €16.80

Idemitsu Kosan Co. Ltd. to Report Fiscal Year 2009 Results on 04/28/2010

CEO Compensation Analysis

CEO