Tosoh Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mamoru Kuwada

Chief executive officer

JP¥112.0m

Total compensation

CEO salary percentage	52.7%
CEO tenure	4.3yrs
CEO ownership	0.007%
Management average tenure	less than a year
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mamoru Kuwada's remuneration changed compared to Tosoh's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	JP¥45b
Sep 30 2023	n/a	n/a	JP¥35b
Jun 30 2023	n/a	n/a	JP¥35b
Mar 31 2023	JP¥112m	JP¥59m	JP¥50b

Compensation vs Market: Mamoru's total compensation ($USD709.30K) is below average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Insufficient data to compare Mamoru's compensation with company performance.

CEO

Mamoru Kuwada (63 yo)

4.3yrs

Tenure

JP¥112,000,000

Compensation

Mr. Mamoru Kuwada serves as President at Tosoh Corporation and serves as its Director since 2020 and served as its Executive Vice President, General Manager of Purchasing & Logistics and since 2020. Mr. Ku...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mamoru Kuwada	President & Representative Director	no data	JP¥112.00m	0.0066% ¥ 270.9k
Hiroshi Ogawa	VP & GM of Legal & Patents	no data	no data	no data
Akira Takano	VP & GM of Human Resources	no data	no data	no data
Toru Adachi	Executive VP	4.3yrs	no data	0.0066% ¥ 270.9k
Toru Doi	Executive VP	4.3yrs	no data	0.0022% ¥ 90.3k
Akihiro Yoshimizu	Executive VP	4.3yrs	no data	0.0094% ¥ 386.6k
Yutaka Murata	Senior VP & Senior GM of Yokkaichi Complex	less than a year	no data	no data
Teruhiko Ide	Senior VP	less than a year	no data	no data
Takahiko Kamezaki	Executive VP	no data	no data	0.00094% ¥ 38.6k
Nobukatsu Ohmichi	Executive VP	no data	no data	no data
Hidetoshi Horiuchi	Senior VP	less than a year	no data	no data
Yasuhiro Kojima	Senior VP & Deputy Senior GM of Nanyo Complex	less than a year	no data	no data

0.9yrs

Average Tenure

61yo

Average Age

Experienced Management: TOS's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Mamoru Kuwada	President & Representative Director	4.3yrs	JP¥112.00m	0.0066% ¥ 270.9k
Toru Adachi	Executive VP	4.3yrs	no data	0.0066% ¥ 270.9k
Toru Doi	Executive VP	no data	no data	0.0022% ¥ 90.3k
Akihiro Yoshimizu	Executive VP	less than a year	no data	0.0094% ¥ 386.6k
Takahiko Kamezaki	Executive VP	less than a year	no data	0.00094% ¥ 38.6k
Tsutomu Abe	Independent External Director	8.9yrs	no data	0.0038% ¥ 154.7k
Tetsuya Teramoto	External Auditor	9.9yrs	no data	no data
Yoshihiro Hombo	Independent External Director	3.9yrs	no data	0.00063% ¥ 25.9k
Satoru Yonezawa	Corporate Auditor	less than a year	no data	0.0047% ¥ 193.3k
Tsuneyasu Ozaki	External Auditor	9.9yrs	no data	no data
Mariko Hidaka	Independent External Director	3.9yrs	no data	no data
Yukimasa Nakano	Independent External Director	less than a year	no data	no data

3.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: TOS's board of directors are considered experienced (3.9 years average tenure).

Tosoh Management

Management criteria checks 2/4

Key information

Recent management updates

Tosoh Corporation, Annual General Meeting, Jun 23, 2023

Less than half of directors are independent

Tosoh Corporation, Annual General Meeting, Jun 24, 2022

Less than half of directors are independent

Recent updates

Upcoming dividend of JP¥40.00 per share

Third quarter 2024 earnings released: EPS: JP¥46.02 (vs JP¥13.43 in 3Q 2023)

Tosoh Corporation Provides Dividend Guidance for Fiscal Year Ending March 31, 2024

Second quarter 2024 earnings released: EPS: JP¥42.37 (vs JP¥42.71 in 2Q 2023)

Now 20% undervalued

Upcoming dividend of JP¥40.00 per share at 4.0% yield

Now 21% undervalued

First quarter 2024 earnings released: EPS: JP¥41.56 (vs JP¥89.39 in 1Q 2023)

Now 20% undervalued after recent price drop

Now 23% undervalued after recent price drop

Full year 2023 earnings released: EPS: JP¥158 (vs JP¥339 in FY 2022)

Tosoh Corporation, Annual General Meeting, Jun 23, 2023

Upcoming dividend of JP¥40.00 per share at 4.5% yield

Third quarter 2023 earnings released: EPS: JP¥13.43 (vs JP¥98.64 in 3Q 2022)

Tosoh Corporation Provides Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2023

Tosoh Corporation to Report Q3, 2023 Results on Feb 03, 2023

Second quarter 2023 earnings released: EPS: JP¥42.71 (vs JP¥76.44 in 2Q 2022)

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: JP¥42.71 (vs JP¥76.44 in 2Q 2022)

Upcoming dividend of JP¥40.00 per share

Tosoh Corporation to Report Q2, 2023 Results on Nov 01, 2022

First quarter 2023 earnings released: EPS: JP¥89.39 (vs JP¥68.24 in 1Q 2022)

Tosoh Corporation to Report Q1, 2023 Results on Aug 02, 2022

Full year 2022 earnings released: EPS: JP¥339 (vs JP¥198 in FY 2021)

Tosoh Corporation, Annual General Meeting, Jun 24, 2022

Less than half of directors are independent

Tosoh Corporation to Report Fiscal Year 2022 Results on May 12, 2022

Upcoming dividend of JP¥50.00 per share

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

Second quarter 2022 earnings released: EPS JP¥76.44 (vs JP¥42.96 in 2Q 2021)

Upcoming dividend of JP¥30.00 per share

First quarter 2022 earnings released: EPS JP¥68.24 (vs JP¥6.14 loss in 1Q 2021)

Full year 2021 earnings released: EPS JP¥198 (vs JP¥171 in FY 2020)

Upcoming Dividend of JP¥28.00 Per Share

Tosoh Corporation to Report Fiscal Year 2021 Results on May 11, 2021

New 90-day high: €14.60

Third quarter 2021 earnings released: EPS JP¥71.52 (vs JP¥59.92 in 3Q 2020)

Revenue beats expectations

New 90-day high: €14.50

New 90-day low: €12.10

New 90-day low: €13.20

Tosoh Corporation to Report Q3, 2021 Results on Feb 02, 2021

Second quarter 2021 earnings released: EPS JP¥42.96

Revenue beats expectations

Semi-annual earnings released: Revenue beats expectations

First half earnings released

New 90-day high: €14.10

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

New 90-day high - €12.70

First quarter earnings released

New 90-day low - €10.70

Tosoh Corporation to Report Q1, 2021 Results on Aug 03, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age