Shin-Etsu Chemical Management

Management criteria checks 4/4

Shin-Etsu Chemical's CEO is Yasuhiko Saitoh, appointed in Jun 2016, has a tenure of 8.42 years. total yearly compensation is ¥244.00M, comprised of 67.2% salary and 32.8% bonuses, including company stock and options. directly owns 0.008% of the company’s shares, worth €5.47M. The average tenure of the management team and the board of directors is 8.4 years and 6.9 years respectively.

Key information

Yasuhiko Saitoh

Chief executive officer

JP¥244.0m

Total compensation

CEO salary percentage	67.2%
CEO tenure	8.4yrs
CEO ownership	0.008%
Management average tenure	8.4yrs
Board average tenure	6.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Yasuhiko Saitoh's remuneration changed compared to Shin-Etsu Chemical's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥513b
Jun 30 2024	n/a	n/a	JP¥511b
Mar 31 2024	JP¥244m	JP¥164m	JP¥520b
Dec 31 2023	n/a	n/a	JP¥536b
Sep 30 2023	n/a	n/a	JP¥617b
Jun 30 2023	n/a	n/a	JP¥678b
Mar 31 2023	JP¥237m	JP¥144m	JP¥708b
Dec 31 2022	n/a	n/a	JP¥726b
Sep 30 2022	n/a	n/a	JP¥672b
Jun 30 2022	n/a	n/a	JP¥589b
Mar 31 2022	JP¥214m	JP¥127m	JP¥500b
Dec 31 2021	n/a	n/a	JP¥434b
Sep 30 2021	n/a	n/a	JP¥374b
Jun 30 2021	n/a	n/a	JP¥320b
Mar 31 2021	JP¥196m	JP¥127m	JP¥294b
Dec 31 2020	n/a	n/a	JP¥281b
Sep 30 2020	n/a	n/a	JP¥289b
Jun 30 2020	n/a	n/a	JP¥299b
Mar 31 2020	JP¥195m	JP¥126m	JP¥314b
Dec 31 2019	n/a	n/a	JP¥314b
Sep 30 2019	n/a	n/a	JP¥315b
Jun 30 2019	n/a	n/a	JP¥319b
Mar 31 2019	JP¥147m	JP¥118m	JP¥309b

Compensation vs Market: Yasuhiko's total compensation ($USD1.58M) is below average for companies of similar size in the German market ($USD4.77M).

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

CEO

Yasuhiko Saitoh (69 yo)

8.4yrs

Tenure

JP¥244,000,000

Compensation

Mr. Yasuhiko Saitoh has been the President of Shin-Etsu Chemical Co. Ltd., since June 29, 2016. Mr. Saitoh served as an Executive Vice President and General Manager of International Division at Shin-Etsu C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Yasuhiko Saitoh	President & Representative Director	8.4yrs	JP¥244.00m	0.0079% € 5.5m
Susumu Ueno	Senior Managing Corporate Officer	8.4yrs	JP¥102.00m	0.0034% € 2.3m
Toshiyuki Kasahara	Corporate Officer and General Manager of Finance & Accounting Department	no data	no data	no data
Yukihito Adachi	General Manager of Public Relations Department	no data	no data	no data
Masaki Miyajima	Managing Corporate Officer	8.4yrs	no data	no data
Fumio Arai	Managing Corporate Officer & GM of Organic Chemicals Division	no data	no data	no data
Masahiko Todoroki	Senior Managing Corporate Officer & Director	no data	JP¥95.00m	no data
Yukihiro Matsui	Managing Corporate Officer & GM of Electronics Material Division	no data	no data	no data
Toshiya Akimoto	Managing Corporate Officer and GM of Office for Digitization & Digitalization	no data	no data	no data

8.4yrs

Average Tenure

71yo

Average Age

Experienced Management: SEH's management team is seasoned and experienced (8.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Yasuhiko Saitoh	President & Representative Director	23.4yrs	JP¥244.00m	0.0079% € 5.5m
Susumu Ueno	Senior Managing Corporate Officer	11.4yrs	JP¥102.00m	0.0034% € 2.3m
Masahiko Todoroki	Senior Managing Corporate Officer & Director	18.4yrs	JP¥95.00m	no data
Fumio Akiya	Chairman of the Board	8.4yrs	JP¥237.00m	0.0042% € 2.9m
Michael McGarry	Independent Outside Director	2.4yrs	no data	no data
Takashi Hibino	Independent Outside Director	less than a year	no data	no data
Hidenori Onezawa	Chairman of Audit & Supervisory Board	5.4yrs	no data	0.0017% € 1.2m
Yoshihito Kosaka	Outside Member of Audit & Supervisory Board	18.4yrs	no data	0.00015% € 104.0k
Hiroshi Komiyama	Independent Outside Director	14.4yrs	no data	0.00086% € 596.5k
Mariko Hasegawa	Independent Outside Director	1.4yrs	no data	no data
Mitsuko Kagami	Outside Audit & Supervisory Board Member	3.4yrs	no data	no data
Kuniharu Nakamura	Independent Outside Director	4.4yrs	no data	no data

6.9yrs

Average Tenure

71.5yo

Average Age

Experienced Board: SEH's board of directors are considered experienced (6.9 years average tenure).

Shin-Etsu Chemical Management

Management criteria checks 4/4

Key information

Recent management updates

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Recent updates

SCIVAX and Shin-Etsu Chemical Jointly Develops Amtelus, the World’s Smallest Light Source Device for 3D Sensors

Second quarter 2025 earnings released: EPS: JP¥75.63 (vs JP¥73.51 in 2Q 2024)

Upcoming dividend of JP¥53.00 per share

Shin-Etsu Chemical Co., Ltd. to Report Q2, 2025 Results on Oct 25, 2024

Shin-Etsu Chemical to Develop QSTTM Substrate for 300-mm GaN

Now 23% undervalued

First quarter 2025 earnings released: EPS: JP¥72.21 (vs JP¥76.13 in 1Q 2024)

Final dividend of JP¥50.00 announced

Full year 2024 earnings released: EPS: JP¥259 (vs JP¥348 in FY 2023)

Shin-Etsu Chemical Co., Ltd. to Report Q1, 2025 Results on Jul 26, 2024

Now 20% overvalued

Shin-Etsu Chemical Co., Ltd. (TSE:4063) announces an Equity Buyback for 22,000,000 shares, representing 1.1% for ¥100,000 million.

Now 20% overvalued

Shin-Etsu Chemical Co., Ltd. (TSE:4063) made an offer to acquire 56.1% stake in Mimasu Semiconductor Industry Co., Ltd. (TSE:8155) from a group share of shareholders for ¥66.7 billion.

Shin-Etsu Chemical Co., Ltd. (TSE:4063) made an offer to acquire 51.8% stake in Mimasu Semiconductor Industry Co., Ltd. (TSE:8155) from a group share of shareholders for ¥68 billion.

Full year 2024 earnings released: EPS: JP¥259 (vs JP¥348 in FY 2023)

Upcoming dividend of JP¥50.00 per share

Shin-Etsu Chemical Develops the Industry's First Water-Based, Fast-Curing Silicone Resin That Does Not Use Emulsifiers

Shin-Etsu Chemical Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024

Third quarter 2024 earnings released: EPS: JP¥52.65 (vs JP¥92.07 in 3Q 2023)

Investor sentiment improves as stock rises 16%

Shin-Etsu Chemical Co., Ltd. to Report Q3, 2024 Results on Jan 26, 2024

Now 20% undervalued

Shin-Etsu Chemical Co., Ltd. (TSE:4063) announces an Equity Buyback for 1,500,000 shares, representing 0.08% for ¥8,000 million.

Second quarter 2024 earnings released: EPS: JP¥73.51 (vs JP¥102 in 2Q 2023)

Upcoming dividend of JP¥50.00 per share at 2.2% yield

Now 21% undervalued after recent price drop

Shin-Etsu Chemical Co., Ltd. to Report Q2, 2024 Results on Oct 27, 2023

Shin-Etsu Chemical Co., Ltd. Provides Dividend for the Second Quarter End of Fiscal Year 2024

First quarter 2024 earnings released: EPS: JP¥76.13 (vs JP¥89.26 in 1Q 2023)

Shin-Etsu Chemical Co., Ltd. (TSE:4063) announces an Equity Buyback for 30,000,000 shares, representing 1.49% for ¥100,000 million.

Less than half of directors are independent

Shin-Etsu Chemical Co., Ltd. to Report Q1, 2024 Results on Jul 27, 2023

Full year 2023 earnings released: EPS: JP¥348 (vs JP¥241 in FY 2022)

Upcoming dividend of JP¥275 per share at 2.4% yield

Shin-Etsu Chemical Co., Ltd. Develops New Process Technologies, Transfer Parts and Other Equipment for Micro LED Displays

Third quarter 2023 earnings released: EPS: JP¥460 (vs JP¥318 in 3Q 2022)

Shin-Etsu Chemical Co., Ltd. (TSE:4063) announces an Equity Buyback for 340,000 shares, representing 0.08% for ¥7,000 million.

Shin-Etsu Chemical Co., Ltd. to Report Q3, 2023 Results on Jan 26, 2023

Second quarter 2023 earnings released: EPS: JP¥510 (vs JP¥301 in 2Q 2022)

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: JP¥510 (vs JP¥301 in 2Q 2022)

Shin-Etsu Chemical Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2023

Shin-Etsu Chemical Has Developed the Industry’S First Silicone Film-Forming Emulsion

Upcoming dividend of JP¥225 per share

Shin-Etsu Chemical Co., Ltd. to Report Q2, 2023 Results on Oct 27, 2022

First quarter 2023 earnings released: EPS: JP¥446 (vs JP¥230 in 1Q 2022)

Shin-Etsu Chemical Co., Ltd. (TSE:4063) announces an Equity Buyback for 9,000,000 shares, representing 2.2% for ¥100,000 million.

Shin-Etsu Chemical Co., Ltd. to Report Q1, 2023 Results on Jul 27, 2022

Full year 2022 earnings released: EPS: JP¥1,204 (vs JP¥707 in FY 2021)

Less than half of directors are independent

Shin-Etsu Chemical Develops New Thermal Interface Silicone Rubber Sheet Series for Applications in Components of Electric Vehicles as the Technology for High Voltage Devices Advances

Shin-Etsu Chemical Co., Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022

Upcoming dividend of JP¥250 per share

Now 20% undervalued after recent price drop

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Shin-Etsu Chemical Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022

Second quarter 2022 earnings released: EPS JP¥301 (vs JP¥171 in 2Q 2021)

Upcoming dividend of JP¥150 per share

Investor sentiment improved over the past week

Shin-Etsu Chemical Co., Ltd. (TSE:4063) announces an Equity Buyback for 330,000 shares, representing 0.08% for ¥6,200 million.

First quarter 2022 earnings released: EPS JP¥230 (vs JP¥167 in 1Q 2021)

Shin-Etsu Chemical Develops New Volatile Silicone Fluid for Personal Care

Full year 2021 earnings released: EPS JP¥707 (vs JP¥755 in FY 2020)

Upcoming dividend of JP¥130 per share

Shin-Etsu Chemical Co., Ltd. to Report Fiscal Year 2021 Results on Apr 28, 2021

New 90-day low: €133

Third quarter 2021 earnings released: EPS JP¥176 (vs JP¥197 in 3Q 2020)

Revenue misses expectations

Third quarter 2021 earnings released: EPS JP¥176 (vs JP¥197 in 3Q 2020)

Revenue misses expectations

New 90-day high: €158