Shiseido Company Management

Management criteria checks 3/4

Shiseido Company's CEO is Masahiko Uotani, appointed in Apr 2014, has a tenure of 10.58 years. total yearly compensation is ¥301.00M, comprised of 56.1% salary and 43.9% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth €193.07K. The average tenure of the management team and the board of directors is 3.8 years and 1.2 years respectively.

Key information

Masahiko Uotani

Chief executive officer

JP¥301.0m

Total compensation

CEO salary percentage	56.1%
CEO tenure	10.6yrs
CEO ownership	0.003%
Management average tenure	3.8yrs
Board average tenure	1.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Masahiko Uotani's remuneration changed compared to Shiseido Company's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥2b
Jun 30 2024	n/a	n/a	JP¥10b
Mar 31 2024	n/a	n/a	JP¥10b
Dec 31 2023	JP¥301m	JP¥169m	JP¥22b
Sep 30 2023	n/a	n/a	JP¥26b
Jun 30 2023	n/a	n/a	JP¥30b
Mar 31 2023	n/a	n/a	JP¥38b
Dec 31 2022	JP¥530m	JP¥169m	JP¥34b
Sep 30 2022	n/a	n/a	JP¥35b
Jun 30 2022	n/a	n/a	JP¥76b
Mar 31 2022	n/a	n/a	JP¥48b
Dec 31 2021	JP¥378m	JP¥169m	JP¥42b
Sep 30 2021	n/a	n/a	JP¥39b
Jun 30 2021	n/a	n/a	-JP¥8b
Mar 31 2021	n/a	n/a	-JP¥15b
Dec 31 2020	JP¥571m	JP¥148m	-JP¥12b
Sep 30 2020	n/a	n/a	-JP¥13b
Jun 30 2020	n/a	n/a	-JP¥266m
Mar 31 2020	n/a	n/a	JP¥41b
Dec 31 2019	JP¥498m	JP¥153m	JP¥74b
Sep 30 2019	n/a	n/a	JP¥70b
Jun 30 2019	n/a	n/a	JP¥66b
Mar 31 2019	n/a	n/a	JP¥66b
Dec 31 2018	JP¥411m	JP¥153m	JP¥61b
Sep 30 2018	n/a	n/a	JP¥104b
Jun 30 2018	n/a	n/a	JP¥52b
Mar 31 2018	n/a	n/a	JP¥38b
Dec 31 2017	JP¥375m	JP¥127m	JP¥23b

Compensation vs Market: Masahiko's total compensation ($USD1.99M) is below average for companies of similar size in the German market ($USD3.61M).

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

CEO

Masahiko Uotani (70 yo)

10.6yrs

Tenure

JP¥301,000,000

Compensation

Mr. Masahiko Uotani serves as Independent Outside Director at Seiko Group Corporation from June 29, 2024. He has been the Chief Executive Officer at Shiseido Company Limited since April 01, 2014 and serves...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Masahiko Uotani	Chairman	10.6yrs	JP¥301.00m	0.0027% € 195.0k
Kentaro Fujiwara	President	1.8yrs	JP¥125.00m	0.00053% € 37.6k
Ayako Hirofuji	CFO, Corp. Exe. Off.	less than a year	no data	no data
Yosuke Tojo	Executive Officer & CTO	1.8yrs	no data	no data
Maria Chiclana	Executive Officer	no data	no data	no data
Yoshiaki Okabe	Corporate Exe. Off.	1.2yrs	no data	0.00063% € 44.7k
Shinji Wada	Chief People Officer & Executive Officer	1.1yrs	no data	no data
Norio Tadakawa	Corporate Executive Off.	5.8yrs	no data	0.0035% € 248.9k
Katharina Höhne	Senior VP - Global Prof Business & Corp. Officer	9.5yrs	no data	no data
Mitsuru Kameyama	Corporate Officer & Chief Global Information Technology Officer	8.8yrs	no data	no data
Yoshihiro Shiojima	Corporate Officer & Chief Quality Officer	8.8yrs	no data	no data
Mika Inoue	Corporate Officer	no data	no data	no data

3.8yrs

Average Tenure

57.5yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Masahiko Uotani	Chairman	10.4yrs	JP¥301.00m	0.0027% € 195.0k
Kentaro Fujiwara	President	1.7yrs	JP¥125.00m	0.00053% € 37.6k
Yoshihiko Hatanaka	Independent Outside Director	1.7yrs	no data	0.000050% € 3.5k
Kanoko Oishi	Independent Outside Director	8.7yrs	no data	0.00080% € 56.7k
Mariko Tokuno	Independent Outside Director	2.7yrs	no data	0.00028% € 19.9k
Hiroshi Ozu	Independent Outside Director	less than a year	no data	0.00015% € 10.6k
Takeshi Yoshida	Director	less than a year	no data	0.00095% € 67.4k
Yasuko Gotoh	Independent Outside Director	less than a year	no data	0.00023% € 16.3k
Franck Marilly	EMEA Region Chairman	less than a year	no data	no data
Hiromi Anno	Director	less than a year	no data	0.00018% € 12.8k
Shinsaku Iwahara	Independent Outside Director	6.7yrs	no data	0.00025% € 17.7k
Ritsuko Nonomiya	Independent Outside Director	less than a year	no data	0.00018% € 12.8k

1.2yrs

Average Tenure

66yo

Average Age

Experienced Board: SHD's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.

Shiseido Company Management

Management criteria checks 3/4

Key information

Recent management updates

Shiseido Company, Limited Announces Management Changes

Shiseido Company, Limited Announces CEO Changes, Effective January 1, 2025

High number of new and inexperienced directors

Shiseido Company, Limited Announces Regional Leadership Changes, Effective from March 1, 2024

Shiseido Company, Limited, Annual General Meeting, Mar 26, 2024

High number of new directors

Recent updates

Third quarter 2024 earnings released: EPS: JP¥1.85 (vs JP¥21.93 in 3Q 2023)

Shiseido Company, Limited Provides Dividend Guidance for the Year Ending December 31, 2024

Now 20% undervalued after recent price drop

Shiseido Company, Limited Announces Management Changes

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: JP¥0.019 (vs JP¥7.69 in 2Q 2023)

New minor risk - Share price stability

Dividend of JP¥30.00 announced

Shiseido Company, Limited (TSE:4911) announces an Equity Buyback for 300,000 shares, representing 0.08% for ¥1,800 million.

Now 21% overvalued after recent price rise

Shiseido Company, Limited Announces CEO Changes, Effective January 1, 2025

Now 21% overvalued after recent price rise

CVC Capital Partners Asia V L.P. managed by CVC Capital Partners Limited agreed to acquire an additional 20.09% stake in FineToday Holdings Co., Ltd. from Shiseido Company, Limited (TSE:4911).

First quarter 2024 earnings released: JP¥8.22 loss per share (vs JP¥21.72 profit in 1Q 2023)

Final dividend of JP¥30.00 announced

High number of new and inexperienced directors

Full year 2023 earnings released: EPS: JP¥54.43 (vs JP¥85.60 in FY 2022)

Shiseido Company, Limited Approves Year-End Dividend for the Fiscal Year Ended December 31, 2023, Payable on March 27, 2024

Shiseido Company, Limited Announces Regional Leadership Changes, Effective from March 1, 2024

Full year 2023 earnings released: EPS: JP¥54.43 (vs JP¥85.60 in FY 2022)

Shiseido Company, Limited, Annual General Meeting, Mar 26, 2024

High number of new directors

Shiseido Company, Limited Announces Management Retirements

Shiseido Company, Limited to Report Fiscal Year 2023 Results on Feb 09, 2024

Shiseido Company, Limited Announces Changes Among the Executive Officers, Effective January 1, 2024

Shiseido Company, Limited Announces Integration of Osaka Factories

Shiseido Company, Limited to Report Q3, 2023 Results on Nov 10, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: JP¥7.69 (vs JP¥29.65 in 2Q 2022)

Shiseido Company, Limited Provides Dividend Guidance for the Fiscal Year Ending December 31, 2023

Upcoming dividend of JP¥30.00 per share at 0.9% yield

First quarter 2023 earnings released: EPS: JP¥21.72 (vs JP¥11.01 in 1Q 2022)

Shiseido Company, Limited Provides Earnings Guidance for the Fiscal Year Ending December 31, 2023

High number of new directors

Full year 2022 earnings released

Full year 2022 earnings released: EPS: JP¥85.60 (vs JP¥106 in FY 2021)

Shiseido Company, Limited, Annual General Meeting, Mar 24, 2023

Shiseido Company, Limited Provides Commemorative Dividend Guidance for the Year Ending December 31, 2022

LVMH, L’Oréal Reportedly Among Suitors for Stake in Aesop

Shiseido Company, Limited Announces Resignation of Koichi Noda Retiring as Executive Officer and Chief People Officer, Effective January 31, 2023

Upcoming dividend of JP¥75.00 per share

Shiseido Company, Limited to Report Fiscal Year 2022 Results on Feb 10, 2023

High number of new directors

Third quarter 2022 earnings released: EPS: JP¥32.04 (vs JP¥135 in 3Q 2021)

Shiseido Company, Limited Announces Executive Changes

Shiseido Company, Limited Provides Commemorative Dividend Guidance for the Year Ending December 31, 2022

Second quarter 2022 earnings released: EPS: JP¥29.65 (vs JP¥39.43 loss in 2Q 2021)

Shiseido Company, Limited Provides Year End Dividend Guidance for the Fiscal Year Ending December 31, 2022

KYOCERA Corporation and SHISEIDO Company Develop the Cosmetic Face Powder Using Kyocera’s “Kyoto Opal”

Shiseido Company, Limited to Report First Half, 2022 Results on Aug 10, 2022

Henkel Nederland B.V. completed the acquisition of Asia-Pacific Hair Professional business of Shiseido from Shiseido Company, Limited (TSE:4911).

Upcoming dividend of JP¥25.00 per share

Shiseido Company Announces Management Changes

First quarter 2022 earnings released: EPS: JP¥11.01 (vs JP¥3.82 loss in 1Q 2021)

Shiseido Company, Limited Provides Earnings Guidance for the Year Ending December 31, 2022

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age