KOSÉ Management

Management criteria checks 3/4

KOSÉ's CEO is Kazutoshi Kobayashi, appointed in Jun 2007, has a tenure of 17.42 years. total yearly compensation is ¥372.00M, comprised of 59.1% salary and 40.9% bonuses, including company stock and options. directly owns 2.44% of the company’s shares, worth €58.32M. The average tenure of the management team and the board of directors is 2.3 years and 8.4 years respectively.

Key information

Kazutoshi Kobayashi

Chief executive officer

JP¥372.0m

Total compensation

CEO salary percentage	59.1%
CEO tenure	17.4yrs
CEO ownership	2.4%
Management average tenure	2.3yrs
Board average tenure	8.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kazutoshi Kobayashi's remuneration changed compared to KOSÉ's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥8b
Jun 30 2024	n/a	n/a	JP¥15b
Mar 31 2024	n/a	n/a	JP¥15b
Dec 31 2023	JP¥372m	JP¥220m	JP¥12b
Sep 30 2023	n/a	n/a	JP¥18b
Jun 30 2023	n/a	n/a	JP¥19b
Mar 31 2023	n/a	n/a	JP¥21b
Dec 31 2022	JP¥284m	JP¥205m	JP¥19b
Dec 31 2021	JP¥275m	JP¥154m	JP¥17b
Sep 30 2021	n/a	n/a	JP¥14b
Jun 30 2021	n/a	n/a	JP¥13b
Mar 31 2021	n/a	n/a	JP¥12b
Dec 31 2020	n/a	n/a	JP¥10b
Sep 30 2020	n/a	n/a	JP¥12b
Jun 30 2020	n/a	n/a	JP¥20b
Mar 31 2020	JP¥625m	JP¥214m	JP¥27b
Dec 31 2019	n/a	n/a	JP¥29b
Sep 30 2019	n/a	n/a	JP¥33b
Jun 30 2019	n/a	n/a	JP¥32b
Mar 31 2019	JP¥408m	JP¥56m	JP¥37b
Dec 31 2018	n/a	n/a	JP¥39b
Sep 30 2018	n/a	n/a	JP¥38b
Jun 30 2018	n/a	n/a	JP¥35b
Mar 31 2018	JP¥198m	JP¥127m	JP¥31b

Compensation vs Market: Kazutoshi's total compensation ($USD2.41M) is about average for companies of similar size in the German market ($USD1.93M).

Compensation vs Earnings: Kazutoshi's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Kazutoshi Kobayashi (62 yo)

17.4yrs

Tenure

JP¥372,000,000

Compensation

Mr. Kazutoshi Kobayashi serves as Chief Executive Officer at KOSE Corp and President at KOSE Corp since June 2007. Mr. Kobayashi served as an Executive Vice President and Vice President of KOSE Corp. He se...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kazutoshi Kobayashi	President	17.4yrs	JP¥372.00m	2.44% € 58.3m
Keita Matsunami	Executive Officer and GM of Accounting	less than a year	no data	no data
Hiroko Hanakura	General Manager of Investor Relations Department	no data	no data	no data
Masato Nakade	Executive Officer & GM of Legal Dept.	no data	no data	no data
Shingo Iwasaki	General Manager of Corporate Communication Office	no data	no data	no data
Shinji Tanaka	GM of Marketing and DECORTE Division & Director	no data	no data	no data
Takao Kobayashi	Senior Executive Director	no data	no data	12.25% € 292.4m
Kazumasa Hanagata	General Manager of President Office	no data	no data	no data
Noboru Naitou	Managing Director	no data	no data	no data
Koichi Shibusawa	Executive Director	no data	no data	0.0053% € 125.6k
Masanori Kobayashi	Chief Product Officer & Executive Director	less than a year	no data	12.06% € 288.0m
Tadanobu Hayashi	Senior Chief Manager of Supply Chain Management Department	3.7yrs	no data	no data

2.3yrs

Average Tenure

59yo

Average Age

Experienced Management: 49K's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kazutoshi Kobayashi	President	33.7yrs	JP¥372.00m	2.44% € 58.3m
Shinji Tanaka	GM of Marketing and DECORTE Division & Director	less than a year	no data	no data
Takao Kobayashi	Senior Executive Director	26.4yrs	no data	12.25% € 292.4m
Koichi Shibusawa	Executive Director	11.4yrs	no data	0.0053% € 125.6k
Masanori Kobayashi	Chief Product Officer & Executive Director	11.4yrs	no data	12.06% € 288.0m
Atsuko Ogura	Executive Officer	1.7yrs	no data	no data
Yoshinori Haratani	GM of Corporate Planning Department & Director	less than a year	no data	no data
Yasukiyo Kobayashi	Honorary Chairman	10.4yrs	JP¥585.00m	2.2% € 52.4m
Kumi Kobayashi	Independent External Director	less than a year	no data	no data
Yusuke Kobayashi	Director	10.4yrs	no data	0.55% € 13.1m
Yukino Kikuma	Independent External Director	6.4yrs	no data	no data
Norika Yuasa	Independent External Director	5.4yrs	no data	no data

8.4yrs

Average Tenure

57yo

Average Age

Experienced Board: 49K's board of directors are considered experienced (8.4 years average tenure).

KOSÉ Management

Management criteria checks 3/4

Key information

Recent management updates

KOSE SALES CO., LTD. Announces Management Changes, Effective January 1, 2025

KOSÉ Corporation Appoints Keita Matsunami as Executive Officer, General Manager of Accounting and Finance Dept

KOSÉ Corporation, Annual General Meeting, Mar 28, 2024

KOSÉ Corporation, Annual General Meeting, Mar 30, 2023

Less than half of directors are independent

KOSÉ Corporation Announces Board Changes

Recent updates

KOSE SALES CO., LTD. Announces Management Changes, Effective January 1, 2025

Third quarter 2024 earnings released: JP¥38.52 loss per share (vs JP¥78.01 profit in 3Q 2023)

Now 22% undervalued after recent price drop

Investor sentiment improves as stock rises 16%

Second quarter 2024 earnings released: EPS: JP¥81.79 (vs JP¥84.13 in 2Q 2023)

New minor risk - Share price stability

KOSÉ Corporation Announces Dividend for the Second Quarter-End of the Fiscal Year Ending December 31, 2024, Payable on September 10, 2024

Now 21% overvalued after recent price rise

Now 23% overvalued after recent price rise

KOSÉ Corporation to Report Q2, 2024 Results on Aug 07, 2024

Investor sentiment improves as stock rises 18%

First quarter 2024 earnings released: EPS: JP¥122 (vs JP¥68.31 in 1Q 2023)

Final dividend of JP¥70.00 announced

Now 20% overvalued

KOSÉ Corporation to Report Q1, 2024 Results on May 09, 2024

KOSÉ Corporation Appoints Keita Matsunami as Executive Officer, General Manager of Accounting and Finance Dept

Full year 2023 earnings released: EPS: JP¥204 (vs JP¥329 in FY 2022)

KOSÉ Corporation, Annual General Meeting, Mar 28, 2024

Now 21% overvalued

Upcoming dividend of JP¥70.00 per share at 1.3% yield

KOSÉ Corporation to Report Fiscal Year 2023 Results on Feb 14, 2024

Third quarter 2023 earnings released: EPS: JP¥78.01 (vs JP¥86.41 in 3Q 2022)

Second quarter 2023 earnings released: EPS: JP¥84.13 (vs JP¥138 in 2Q 2022)

Upcoming dividend of JP¥70.00 per share at 1.0% yield

First quarter 2023 earnings released: EPS: JP¥68.30 (vs JP¥138 in 1Q 2022)

KOSÉ Corporation Provides Earnings Guidance for the Year Ending December 31, 2023

KOSÉ Corporation, Annual General Meeting, Mar 30, 2023

Full year 2022 earnings released: EPS: JP¥329 (vs JP¥292 in FY 2021)

KOSÉ Corporation Revises Earnings Guidance for the Fiscal Year Ended December 31, 2022

Kosé Corporation Cooperates with Aman Group SARL. in the Development of a New Skincare Range

Upcoming dividend of JP¥70.00 per share

KOSÉ Corporation to Report Fiscal Year 2022 Results on Feb 13, 2023

Less than half of directors are independent

KOSÉ Corporation Announces Board Changes

Kosé Corporation Provides Dividend Guidance for the Year 2022

KOSÉ Corporation to Report Q3, 2022 Results on Nov 11, 2022

KOSÉ Corporation Announces Dividend for the Second Quarter Ended June 30, 2022, Payable on September 9, 2022; Provides Dividend Guidance for the Full Year of Fiscal Ending December 31, 2022

KOSÉ Corporation to Report Q2, 2022 Results on Aug 10, 2022

KOSÉ Corporation Provides Consolidated Earning Guidance for Year Ending December 31, 2022

Less than half of directors are independent

KOSÉ Corporation to Report Q1, 2022 Results on May 12, 2022

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

KOSÉ Corporation, Annual General Meeting, Mar 30, 2022

Second quarter 2022 earnings released: EPS JP¥54.01 (vs JP¥26.33 in 2Q 2021)

Upcoming dividend of JP¥70.00 per share

First quarter 2022 earnings released: EPS JP¥41.68 (vs JP¥27.89 in 1Q 2021)

Full year 2021 earnings released: EPS JP¥210 (vs JP¥468 in FY 2020)

Executive Officer & GM of IT Management Department has left the company

Upcoming dividend of JP¥60.00 per share

KOSÉ Corporation to Report Fiscal Year 2021 Results on Apr 30, 2021

KOSÉ Corporation Announces Executive Changes

New 90-day high: €140

Third quarter 2021 earnings released: EPS JP¥97.95 (vs JP¥117 in 3Q 2020)

Revenue beats expectations

Kosé Corporation Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2021

New 90-day high: €139

New 90-day high: €135

KOSÉ Corporation to Report Q3, 2021 Results on Jan 29, 2021

Revenue beats expectations

Second quarter 2021 earnings released: EPS JP¥26.33

Market bids up stock over the past week

New 90-day high: €123

First half earnings released

Semi-annual earnings released: Revenue beats expectations

New 90-day high: €121

New 90-day high: €108

KOSÉ Corporation to Report Q2, 2021 Results on Oct 30, 2020

First quarter earnings released

New 90-day low - €91.00