Kao Management

Management criteria checks 3/4

Kao's CEO is Yoshihiro Hasebe, appointed in Jan 2021, has a tenure of 3.83 years. total yearly compensation is ¥141.00M, comprised of 61.7% salary and 38.3% bonuses, including company stock and options. directly owns 0.004% of the company’s shares, worth €646.48K. The average tenure of the management team and the board of directors is 5.8 years and 2.2 years respectively.

Key information

Yoshihiro Hasebe

Chief executive officer

JP¥141.0m

Total compensation

CEO salary percentage	61.7%
CEO tenure	3.8yrs
CEO ownership	0.004%
Management average tenure	5.8yrs
Board average tenure	2.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Yoshihiro Hasebe's remuneration changed compared to Kao's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥82b
Jun 30 2024	n/a	n/a	JP¥71b
Mar 31 2024	n/a	n/a	JP¥56b
Dec 31 2023	JP¥141m	JP¥87m	JP¥44b
Sep 30 2023	n/a	n/a	JP¥60b
Jun 30 2023	n/a	n/a	JP¥64b
Mar 31 2023	n/a	n/a	JP¥73b
Dec 31 2022	JP¥147m	JP¥87m	JP¥86b
Sep 30 2022	n/a	n/a	JP¥86b
Jun 30 2022	n/a	n/a	JP¥96b
Mar 31 2022	n/a	n/a	JP¥102b
Dec 31 2021	JP¥139m	JP¥82m	JP¥110b

Compensation vs Market: Yoshihiro's total compensation ($USD913.82K) is below average for companies of similar size in the German market ($USD4.90M).

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

CEO

Yoshihiro Hasebe (64 yo)

3.8yrs

Tenure

JP¥141,000,000

Compensation

Mr. Yoshihiro Hasebe serves as President and Chief executive Officer at Kao Corporation since January 1, 2021 and served as its Senior Vice President of Global Research & Development since March 2015 until...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Yoshihiro Hasebe	President	3.8yrs	JP¥141.00m	0.0036% € 646.5k
David J. Muenz	Managing Executive Officer. Senior VP of Global ESG & Director	6.3yrs	JP¥159.00m	0.00011% € 19.8k
Hideo Makino	Senior VP of Accounting & Finance and Executive Officer	less than a year	no data	no data
Akiko Hasegawa	Executive Officer & Global Senior VP of Legal	no data	no data	no data
Hideki Mamiya	Senior Executive Officer & Senior VP of Human Capital Development	no data	no data	no data
Hiroshi Yamaguchi	Senior Executive Officer & President of Kao (singapore) Private limited	no data	no data	no data
Satoru Tanaka	Managing Executive Officer & Senior VP of Global Corporate Strategy	6.8yrs	no data	no data
Masakazu Negoro	Senior Managing Executive Officer	5.8yrs	no data	0.0023% € 405.8k
Osamu Tabata	Managing Executive Officer	5.8yrs	no data	no data
Hideaki Kubo	Managing Executive Officer & Senior VP of Global Research & Development	3.8yrs	no data	no data
Yoshihiro Murakami	Managing Executive Officer & Senior VP of Global DX Strategy	4.8yrs	no data	no data
Ryoichi Harada	Executive Officer & Senior VP of Global Enterprise Information Solutions	6.8yrs	no data	no data

5.8yrs

Average Tenure

64yo

Average Age

Experienced Management: KAO's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Yoshihiro Hasebe	President	8.7yrs	JP¥141.00m	0.0036% € 646.5k
David J. Muenz	Managing Executive Officer. Senior VP of Global ESG & Director	2.7yrs	JP¥159.00m	0.00011% € 19.8k
Masakazu Negoro	Senior Managing Executive Officer	1.7yrs	no data	0.0023% € 405.8k
Toru Nishiguchi	Senior Managing Executive Officer	1.7yrs	no data	0.0037% € 664.4k
Osamu Shinobe	Independent Chairman	6.7yrs	no data	0.00056% € 100.6k
Lisa MacCallum	ESG External Advisory Board Member	no data	no data	no data
Takaaki Nishii	Independent Outside Director	1.7yrs	no data	0.00086% € 154.4k
Eriko Sakurai	Independent Outside Director	2.7yrs	no data	0.000060% € 10.8k
Yasushi Wada	Audit & Supervisory Board Member	1.7yrs	no data	0.0031% € 563.9k
Jalal Ramelan	ESG External Advisory Board Member	no data	no data	no data
Rika Sueyoshi	ESG External Advisory Board Member	no data	no data	no data
Helmut Schmitz	ESG External Advisory Board Member	no data	no data	no data

2.2yrs

Average Tenure

64yo

Average Age

Experienced Board: KAO's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.

Kao Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new directors

Less than half of directors are independent

Kao Corporation, Annual General Meeting, Mar 24, 2023

Insufficient new directors

Insufficient new directors

Less than half of directors are independent

Recent updates

Third quarter 2024 earnings released: EPS: JP¥59.45 (vs JP¥34.24 in 3Q 2023)

Now 23% overvalued after recent price rise

Kao Corporation to Report Nine Months, 2024 Results on Nov 07, 2024

Now 21% overvalued

New minor risk - Earnings quality

First half dividend of JP¥76.00 announced

Second quarter 2024 earnings released: EPS: JP¥57.98 (vs JP¥25.40 in 2Q 2023)

Kao Corporation to Report First Half, 2024 Results on Aug 07, 2024

New minor risk - Earnings quality

First quarter 2024 earnings released: EPS: JP¥35.43 (vs JP¥10.36 in 1Q 2023)

Final dividend of JP¥76.00 announced

Oasis Management Urges Kao Corporation to Prioritize Marketing or Distribution to Promote its Products

Now 24% overvalued

High number of new directors

Full year 2023 earnings released: EPS: JP¥94.37 (vs JP¥183 in FY 2022)

Now 23% overvalued

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

Full year 2023 earnings released: EPS: JP¥94.37 (vs JP¥183 in FY 2022)

Kao Corporation Reports Dividend Results for Fiscal Year Ended December 31, 2023, Payable on March 25, 2024; Provides Year End Dividend Guidance for the Fiscal Year Ending December 31, 2024

Upcoming dividend of JP¥75.00 per share at 2.6% yield

Kao Corporation to Report Fiscal Year 2023 Results on Feb 07, 2024

Third quarter 2023 earnings released: EPS: JP¥34.24 (vs JP¥41.65 in 3Q 2022)

Kao Corporation to Report Nine Months, 2023 Results on Nov 08, 2023

Second quarter 2023 earnings released: EPS: JP¥25.40 (vs JP¥43.68 in 2Q 2022)

Upcoming dividend of JP¥75.00 per share at 2.8% yield

Kao Corporation to Report First Half, 2023 Results on Aug 03, 2023

First quarter 2023 earnings released: EPS: JP¥10.36 (vs JP¥38.50 in 1Q 2022)

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

Less than half of directors are independent

Full year 2022 earnings released

Full year 2022 earnings released: EPS: JP¥183 (vs JP¥231 in FY 2021)

Kao Corporation, Annual General Meeting, Mar 24, 2023

Upcoming dividend of JP¥74.00 per share

Kao Corporation to Report Fiscal Year 2022 Results on Feb 02, 2023

Third quarter 2022 earnings released: EPS: JP¥41.65 (vs JP¥62.32 in 3Q 2021)

Insufficient new directors

Third quarter 2022 earnings released: EPS: JP¥41.66 (vs JP¥62.32 in 3Q 2021)

Kao Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022

Kao Corporation to Report Q3, 2022 Results on Nov 01, 2022

Second quarter 2022 earnings released: EPS: JP¥43.68 (vs JP¥56.53 in 2Q 2021)

Insufficient new directors

Upcoming dividend of JP¥74.00 per share

Kao Corporation to Report First Half, 2022 Results on Aug 03, 2022

First quarter 2022 earnings released: EPS: JP¥38.50 (vs JP¥53.61 in 1Q 2021)

Kao Corporation (TSE:4452) announces an Equity Buyback for 12,000,000 shares, representing 2.53% for ¥50,000 million.

Less than half of directors are independent

Insufficient new directors

Kao Corporation to Report Q1, 2022 Results on May 11, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Kao Corporation Announces Dividend for the Year Ended December 31, 2021, Payable on March 28, 2022; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending December 31, 2022

Kao Corporation, Annual General Meeting, Mar 25, 2022

Upcoming dividend of JP¥72.00 per share

Third quarter 2021 earnings released: EPS JP¥62.32 (vs JP¥73.48 in 3Q 2020)

Second quarter 2021 earnings released: EPS JP¥56.53 (vs JP¥49.77 in 2Q 2020)

Upcoming dividend of JP¥72.00 per share

Kao Corporation Aims to Reduce its Co2 Emissions to Zero by 2040, and to Be Carbon Negative by 2050

First quarter 2021 earnings released: EPS JP¥53.61 (vs JP¥55.45 in 1Q 2020)

Kao Corporation Provides Consolidated Earnings Guidance for the Year Ending December 31, 2021

Full year 2020 earnings released: EPS JP¥262 (vs JP¥307 in FY 2019)

New 90-day low: €54.00

Kao Corporation to Report Q1, 2021 Results on May 07, 2021

Full year 2020 earnings released: EPS JP¥262 (vs JP¥307 in FY 2019)

Revenue misses expectations

Kao Corporation, Annual General Meeting, Mar 26, 2021

New 90-day low: €59.50

Upcoming Dividend of JP¥70.00 Per Share

Kao Corporation to Report Fiscal Year 2020 Results on Feb 03, 2021

Kao Corporation Announces Executive Changes, Effective January 1, 2021

Third quarter 2020 earnings released: EPS JP¥73.48