MIRARTH HOLDINGSInc Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Kazuichi Shimada

Chief executive officer

JP¥164.0m

Total compensation

CEO salary percentage	54.9%
CEO tenure	10.6yrs
CEO ownership	0.7%
Management average tenure	no data
Board average tenure	less than a year

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kazuichi Shimada's remuneration changed compared to MIRARTH HOLDINGSInc's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥10b
Jun 30 2024	n/a	n/a	JP¥9b
Mar 31 2024	JP¥164m	JP¥90m	JP¥8b
Dec 31 2023	n/a	n/a	JP¥1b
Sep 30 2023	n/a	n/a	JP¥2b
Jun 30 2023	n/a	n/a	JP¥4b
Mar 31 2023	JP¥178m	JP¥90m	JP¥5b
Dec 31 2022	n/a	n/a	JP¥4b
Sep 30 2022	n/a	n/a	JP¥9b
Jun 30 2022	n/a	n/a	JP¥8b
Mar 31 2022	JP¥110m	JP¥83m	JP¥6b

Compensation vs Market: Kazuichi's total compensation ($USD1.06M) is about average for companies of similar size in the German market ($USD1.04M).

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

CEO

Kazuichi Shimada (59 yo)

10.6yrs

Tenure

JP¥164,000,000

Compensation

Mr. Kazuichi Shimada has been the President of MIRARTH HOLDINGS,Inc. (formerly known as Takara Leben Co., Ltd.) since April 2014 and also serves as its Executive Officer since June 2019. Mr. Shimada served...

Board Members

Name	Position	Tenure	Compensation	Ownership
Kazuichi Shimada	Group CEO	26.4yrs	JP¥164.00m	0.74% € 3.1m
Daisuke Nakamura	Group CFO	less than a year	no data	no data
Keiko Yamahira	Independent Outside Director	3.4yrs	no data	no data
Shoichi Akisawa	Director	less than a year	no data	0.12% € 496.7k
Yuko Miura	Full-Time Auditor	4.4yrs	no data	no data
Naohito Yamagishi	Independent Outside Director	2.4yrs	no data	0.0022% € 9.2k
Yuko Kanamaru	Independent Outside Director	less than a year	no data	no data
Kaname Uchida	Independent Outside Director	less than a year	no data	no data
Masaki Kimura	Full-time Auditor	less than a year	no data	no data
Akihito Watanabe	Part-time Auditor	less than a year	no data	no data

0.4yrs

Average Tenure

59.5yo

Average Age

Experienced Board: TDI's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.

MIRARTH HOLDINGSInc Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new and inexperienced directors

MIRARTH HOLDINGS,Inc., Annual General Meeting, Jun 26, 2024

MIRARTH HOLDINGS,Inc., Annual General Meeting, Jun 23, 2023

Takara Leben Co., Ltd., Annual General Meeting, Jun 24, 2022

Less than half of directors are independent

Recent updates

Second quarter 2025 earnings released: EPS: JP¥10.88 (vs JP¥2.78 in 2Q 2024)

Upcoming dividend of JP¥7.00 per share

MIRARTH HOLDINGS,Inc. to Report Q2, 2025 Results on Nov 11, 2024

First quarter 2025 earnings released: EPS: JP¥5.16 (vs JP¥1.99 loss in 1Q 2024)

Final dividend of JP¥7.00 announced

New minor risk - Share price stability

High number of new and inexperienced directors

MIRARTH HOLDINGS,Inc. to Report Q1, 2025 Results on Aug 09, 2024

New minor risk - Shareholder dilution

MIRARTH HOLDINGS,Inc. has filed a Follow-on Equity Offering.

Full year 2024 earnings released: EPS: JP¥74.39 (vs JP¥41.90 in FY 2023)

MIRARTH HOLDINGS,Inc., Annual General Meeting, Jun 26, 2024

Investor sentiment improves as stock rises 16%

MIRARTH HOLDINGS,Inc. to Report Fiscal Year 2024 Results on May 13, 2024

Upcoming dividend of JP¥18.00 per share

Third quarter 2024 earnings released: JP¥14.07 loss per share (vs JP¥9.77 loss in 3Q 2023)

MIRARTH HOLDINGS,Inc. to Report Q3, 2024 Results on Jan 29, 2024

Second quarter 2024 earnings released: EPS: JP¥2.78 (vs JP¥24.46 in 2Q 2023)

MIRARTH HOLDINGS,Inc. to Report Q2, 2024 Results on Oct 30, 2023

Upcoming dividend of JP¥6.00 per share at 4.9% yield

New minor risk - Profit margin trend

First quarter 2024 earnings released: JP¥1.99 loss per share (vs JP¥1.89 profit in 1Q 2023)

MIRARTH HOLDINGS,Inc. to Report Q1, 2024 Results on Jul 31, 2023

Full year 2023 earnings released: EPS: JP¥41.90 (vs JP¥57.10 in FY 2022)

MIRARTH HOLDINGS,Inc., Annual General Meeting, Jun 23, 2023

Upcoming dividend of JP¥18.00 per share at 5.3% yield

Third quarter 2023 earnings released: JP¥9.77 loss per share (vs JP¥35.39 profit in 3Q 2022)

MIRARTH HOLDINGS,Inc. to Report Q3, 2023 Results on Feb 06, 2023

Second quarter 2023 earnings released: EPS: JP¥24.46 (vs JP¥7.73 in 2Q 2022)

Second quarter 2023 earnings released: EPS: JP¥24.46 (vs JP¥7.73 in 2Q 2022)

Upcoming dividend of JP¥4.00 per share

Takara Leben Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022

First quarter 2023 earnings released: EPS: JP¥1.89 (vs JP¥10.06 loss in 1Q 2022)

Takara Leben Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022

Takara Leben Co., Ltd., Annual General Meeting, Jun 24, 2022

Full year 2022 earnings released: EPS: JP¥57.10 (vs JP¥43.22 in FY 2021)

Less than half of directors are independent

Takara Leben Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022

Upcoming dividend of JP¥10.00 per share

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Takara Leben Co., Ltd. (TSE:8897) agreed to acquire 49% stake in Wise Estate 3 Co.,Ltd. from Assetwise Public Company Limited (SET:ASW) for THB 50 million.

Keio Corporation (TSE:9008) signed a share transfer agreement to acquire 21.31% stake in Sunwood Corporation (JASDAQ:8903) from Takara Leben Co., Ltd. (TSE:8897).

Second quarter 2022 earnings released: EPS JP¥7.73 (vs JP¥10.94 in 2Q 2021)

Upcoming dividend of JP¥4.00 per share

First quarter 2022 earnings released: JP¥10.06 loss per share (vs JP¥2.73 loss in 1Q 2021)

Full year 2021 earnings released: EPS JP¥43.22 (vs JP¥49.45 in FY 2020)

Upcoming dividend of JP¥10.00 per share

New 90-day high: €2.74

Third quarter 2021 earnings released: EPS JP¥20.65 (vs JP¥14.71 in 3Q 2020)

New 90-day high: €2.56

Takara Leben Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021

Takara Leben Infrastructure Fund, Inc. (TSE:9281), a fund of Takara Asset Management Co.Ltd. completed the acquisition of five domestic infrastructure projects from Takara Leben Co., Ltd. (TSE:8897), ME General Incorporated Association and Green Mega Solar G.K.

Second quarter 2021 earnings released: EPS JP¥10.94

Takara Leben Infrastructure Fund, Inc. (TSE:9281), a fund of Takara Asset Management Co.Ltd. signed an agreement to acquire five domestic infrastructure projects from Takara Leben Co., Ltd. (TSE:8897), ME General Incorporated Association and Green Mega Solar G.K. for ¥6 billion.

First half earnings released

New 90-day low: €2.32

New 90-day low: €2.44

New 90-day low: €2.54

First quarter earnings released

New 90-day low - €2.62