USS Management

Management criteria checks 4/4

USS' CEO is Yukihiro Ando, appointed in Jun 2019, has a tenure of 5.42 years. total yearly compensation is ¥179.00M, comprised of 57.5% salary and 42.5% bonuses, including company stock and options. directly owns 3.13% of the company’s shares, worth €128.26M. The average tenure of the management team and the board of directors is 8.9 years and 4.9 years respectively.

Key information

Yukihiro Ando

Chief executive officer

JP¥179.0m

Total compensation

CEO salary percentage	57.5%
CEO tenure	5.4yrs
CEO ownership	3.1%
Management average tenure	8.9yrs
Board average tenure	4.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Yukihiro Ando's remuneration changed compared to USS's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥35b
Jun 30 2024	n/a	n/a	JP¥34b
Mar 31 2024	JP¥179m	JP¥103m	JP¥33b
Dec 31 2023	n/a	n/a	JP¥33b
Sep 30 2023	n/a	n/a	JP¥32b
Jun 30 2023	n/a	n/a	JP¥31b
Mar 31 2023	JP¥171m	JP¥115m	JP¥30b

Compensation vs Market: Yukihiro's total compensation ($USD1.16M) is below average for companies of similar size in the German market ($USD1.93M).

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

CEO

Yukihiro Ando (78 yo)

5.4yrs

Tenure

JP¥179,000,000

Compensation

Mr. Yukihiro Ando serves as Chairman and Chief Executive Officer at USS Co., Ltd. since June 2019. He had been the President of USS Co. Ltd.since June 2006 until June 2019. Mr. Ando serves as the Presiden...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Yukihiro Ando	Chairman & CEO	5.4yrs	JP¥179.00m	3.13% € 128.3m
Dai Seta	President	5.4yrs	JP¥133.00m	3.2% € 131.2m
Masafumi Yamanaka	Executive VP	18.4yrs	no data	0.013% € 546.2k
Hiromitsu Ikeda	Junior MD & Director	12.4yrs	no data	0.014% € 554.8k
Hiroshi Kojima	Executive Officer	no data	no data	no data
Yukiyasu Sugata	Executive Officer & Manager of Sapporo Auction Site	no data	no data	no data

8.9yrs

Average Tenure

66.5yo

Average Age

Experienced Management: USV's management team is seasoned and experienced (8.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Yukihiro Ando	Chairman & CEO	42.3yrs	JP¥179.00m	3.13% € 128.3m
Dai Seta	President	20.4yrs	JP¥133.00m	3.2% € 131.2m
Masafumi Yamanaka	Executive VP	20.4yrs	no data	0.013% € 546.2k
Hiromitsu Ikeda	Junior MD & Director	20.4yrs	no data	0.014% € 554.8k
Nobuko Takagi	Independent Outside Director	6.4yrs	no data	0.0013% € 51.3k
Shinji Honda	Independent Outside Director	2.4yrs	no data	0.00021% € 8.6k
Yoshiko Sasao	Independent Outside Director	2.4yrs	no data	0.00021% € 8.6k
Kenichi Goto	Full-Time Outside Audit & Supervisory Board Member	3.4yrs	no data	no data
Keiji Miyake	Outside Audit & Supervisory Board Member	3.4yrs	no data	no data
Jun Ogawa	Outside Audit & Supervisory Board Member	3.4yrs	no data	no data

4.9yrs

Average Tenure

64.5yo

Average Age

Experienced Board: USV's board of directors are considered experienced (4.9 years average tenure).

USS Management

Management criteria checks 4/4

Key information

Recent management updates

USS Co., Ltd., Annual General Meeting, Jun 25, 2024

High number of new and inexperienced directors

High number of new and inexperienced directors

USS Co., Ltd., Annual General Meeting, Jun 21, 2022

Recent updates

Second quarter 2025 earnings released: EPS: JP¥18.50 (vs JP¥16.78 in 2Q 2024)

USS Co., Ltd. (TSE:4732) announces an Equity Buyback for 10,000,000 shares, representing 2.08% for ¥10,000 million.

Upcoming dividend of JP¥20.60 per share

USS Co., Ltd. to Report Q2, 2025 Results on Nov 05, 2024

First quarter 2025 earnings released: EPS: JP¥19.26 (vs JP¥16.65 in 1Q 2024)

Now 24% undervalued

Final dividend of JP¥20.10 announced

USS Co., Ltd. to Report Q1, 2025 Results on Aug 06, 2024

USS Co., Ltd., Annual General Meeting, Jun 25, 2024

Full year 2024 earnings released: EPS: JP¥137 (vs JP¥61.35 in FY 2023)

New minor risk - Dividend sustainability

Upcoming dividend of JP¥38.40 per share

USS Co., Ltd. to Report Fiscal Year 2024 Results on May 08, 2024

Third quarter 2024 earnings released: EPS: JP¥34.58 (vs JP¥29.68 in 3Q 2023)

Now 23% overvalued after recent price rise

USS Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024

Second quarter 2024 earnings released: EPS: JP¥33.57 (vs JP¥29.35 in 2Q 2023)

Upcoming dividend of JP¥34.70 per share at 2.8% yield

USS Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023

First quarter 2024 earnings released: EPS: JP¥33.29 (vs JP¥30.39 in 1Q 2023)

USS Co., Ltd. (TSE:4732) announces an Equity Buyback for 5,000,000 shares, for ¥12,500 million.

Full year 2023 earnings released: EPS: JP¥123 (vs JP¥120 in FY 2022)

USS Co., Ltd. (TSE:4732) announces an Equity Buyback for 5,000,000 shares, representing 2.04% for ¥12,500 million.

USS Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023

Full year 2023 earnings released: EPS: JP¥123 (vs JP¥120 in FY 2022)

Upcoming dividend of JP¥33.80 per share at 3.0% yield

Third quarter 2023 earnings released: EPS: JP¥29.68 (vs JP¥32.18 in 3Q 2022)

USS Co., Ltd. to Report Q3, 2023 Results on Feb 07, 2023

Second quarter 2023 earnings released: EPS: JP¥29.35 (vs JP¥27.57 in 2Q 2022)

Second quarter 2023 earnings released: EPS: JP¥29.35 (vs JP¥27.57 in 2Q 2022)

Upcoming dividend of JP¥33.70 per share

USS Co., Ltd. to Report Q2, 2023 Results on Nov 08, 2022

First quarter 2023 earnings released: EPS: JP¥30.39 (vs JP¥29.47 in 1Q 2022)

High number of new and inexperienced directors

High number of new and inexperienced directors

Full year 2022 earnings released

USS Co., Ltd. to Report Q1, 2023 Results on Aug 02, 2022

USS Co., Ltd., Annual General Meeting, Jun 21, 2022

Full year 2022 earnings released: EPS: JP¥120 (vs JP¥16.13 in FY 2021)

USS Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022

Upcoming dividend of JP¥29.20 per share

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

Second quarter 2022 earnings released: EPS JP¥27.57 (vs JP¥25.38 in 2Q 2021)

Upcoming dividend of JP¥29.20 per share

First quarter 2022 earnings released: EPS JP¥29.47 (vs JP¥18.51 in 1Q 2021)

Full year 2021 earnings released: EPS JP¥16.13 (vs JP¥82.45 in FY 2020)

Full year 2021 earnings released: EPS JP¥16.13 (vs JP¥82.45 in FY 2020)

Upcoming dividend of JP¥27.75 per share

USS Co., Ltd. to Report Fiscal Year 2021 Results on May 11, 2021

New 90-day low: €15.50

Third quarter 2021 earnings released: EPS JP¥27.16 (vs JP¥24.19 in 3Q 2020)

Revenue beats expectations

USS Co., Ltd. to Report Q3, 2021 Results on Feb 08, 2021

Revenue beats expectations

Second quarter 2021 earnings released: EPS JP¥25.38

New 90-day high: €15.90

New 90-day high: €15.70

New 90-day high: €15.00

USS Co., Ltd. to Report Q2, 2021 Results on Nov 09, 2020

First quarter earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age