Gunma Bank Management

Management criteria checks 2/4

Gunma Bank's CEO is Akihiko Fukai, appointed in Jun 2019, has a tenure of 4.92 years. directly owns 0.064% of the company’s shares, worth ¥239.22M. The average tenure of the management team and the board of directors is 3.4 years and 3.9 years respectively.

Key information

Akihiko Fukai

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	4.9yrs
CEO ownership	0.06%
Management average tenure	3.4yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

Gunma Bank's (TSE:8334) Dividend Will Be Increased To ¥12.00

Mar 10

CEO

Akihiko Fukai (63 yo)

4.9yrs

Tenure

Mr. Akihiko Fukai joined Gunma Bank Ltd. in April 1984 and has been its President and in charge of general operations since June 2019 and has been its Representative Director since June 25, 2013. At Gunma...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nobuyuki Horie	Executive Chairman	11.9yrs	no data	0.059% ¥ 218.3m
Akihiko Fukai	President & Representative Director	4.9yrs	no data	0.064% ¥ 239.2m
Yasuaki Ishikawa	IR Contact (Senior Deputy General Manager)	no data	no data	no data
Akihiko Horie	Senior Managing Executive Officer & GM of Sales Division	no data	no data	no data
Masayoshi Watanabe	Executive Officer & GM of Human Resources Department	no data	no data	no data
Hiroyuki Irisawa	Senior MD & Director	4.9yrs	no data	0.025% ¥ 92.1m
Akihiro Goto	MD & Director	1.9yrs	no data	0.017% ¥ 62.7m
Tsutomu Takei	MD & Director	no data	no data	0.029% ¥ 108.2m
Takeo Uchibori	MD & Director	no data	no data	0.014% ¥ 52.2m
Noboyuki Kitamura	Managing Executive Officer & GM of Takasaki and Nishige Area	no data	no data	no data
Atsushi Hirota	Managing Executive Officer of Kumagaya	no data	no data	no data
Saito Hideyuki	Managing Executive Officer & GM of Corporate Planning Department	no data	no data	no data

3.4yrs

Average Tenure

62yo

Average Age

Experienced Management: 8334's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Nobuyuki Horie	Executive Chairman	11.9yrs	no data	0.059% ¥ 218.3m
Akihiko Fukai	President & Representative Director	10.9yrs	no data	0.064% ¥ 239.2m
Hiroyuki Irisawa	Senior MD & Director	4.9yrs	no data	0.025% ¥ 92.1m
Akihiro Goto	MD & Director	1.9yrs	no data	0.017% ¥ 62.7m
Tsutomu Takei	MD & Director	1.9yrs	no data	0.029% ¥ 108.2m
Takeo Uchibori	MD & Director	1.9yrs	no data	0.014% ¥ 52.2m
Jun Kondo	Independent Outside Director	7.9yrs	no data	0.0092% ¥ 34.2m
Kuniko Nishikawa	Independent Outside Director	3.9yrs	no data	0.0010% ¥ 3.8m
Makoto Tanaka	Outside Audit & Supervisory Board Member	7.9yrs	no data	0.00025% ¥ 931.4k
Shinya Koitabashi	Standing Audit & Supervisory Board Member	3.9yrs	no data	0.0089% ¥ 33.2m
Keita Muto	Standing Audit & Supervisory Board Member	1.9yrs	no data	0.010% ¥ 38.9m
Kazuto Osugi	Independent Outside Director	2.9yrs	no data	no data

3.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: 8334's board of directors are considered experienced (3.9 years average tenure).

Gunma Bank Management

Management criteria checks 2/4

Key information

Recent management updates

The Gunma Bank, Ltd., Annual General Meeting, Jun 27, 2023

Less than half of directors are independent

The Gunma Bank, Ltd., Annual General Meeting, Jun 24, 2022

Less than half of directors are independent

Recent updates

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.

Now 21% undervalued

Upcoming dividend of JP¥12.00 per share

Now 20% undervalued

Gunma Bank's (TSE:8334) Dividend Will Be Increased To ¥12.00

The Gunma Bank, Ltd. to Report Fiscal Year 2024 Results on May 09, 2024

Third quarter 2024 earnings released: EPS: JP¥24.75 (vs JP¥20.55 in 3Q 2023)

The Gunma Bank, Ltd. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2024

Now 20% undervalued

The Gunma Bank, Ltd. to Report Q3, 2024 Results on Feb 05, 2024

Now 21% undervalued

Second quarter 2024 earnings released: EPS: JP¥14.72 (vs JP¥12.61 in 2Q 2023)

The Gunma Bank, Ltd. (TSE:8334) announces an Equity Buyback for 5,000,000 shares, representing 1.26% for ¥3,000 million.

The Gunma Bank, Ltd. to Report Q2, 2024 Results on Nov 08, 2023

Upcoming dividend of JP¥10.00 per share at 2.7% yield

Price target increased by 17% to JP¥525

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: JP¥22.37 (vs JP¥20.97 in 1Q 2023)

The Gunma Bank, Ltd. to Report Q1, 2024 Results on Aug 01, 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

The Gunma Bank, Ltd., Annual General Meeting, Jun 27, 2023

Upcoming dividend of JP¥10.00 per share at 4.1% yield

Investor sentiment deteriorates as stock falls 16%

Third quarter 2023 earnings released: EPS: JP¥20.55 (vs JP¥19.27 in 3Q 2022)

The Gunma Bank, Ltd. Provides Commemorative Dividend Guidance for the Year Ending March 31, 2023

Now 23% undervalued

The Gunma Bank, Ltd. to Report Q3, 2023 Results on Feb 03, 2023

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: JP¥12.61 (vs JP¥9.28 in 2Q 2022)

The Gunma Bank, Ltd. Provides Commemorative Dividend Guidance for the Year Ending March 31, 2023

The Gunma Bank, Ltd. Revised Dividend Guidance for the Full Year of Fiscal Year Ending March 31, 2023

Upcoming dividend of JP¥8.00 per share

The Gunma Bank, Ltd. to Report Q2, 2023 Results on Nov 09, 2022

Now 20% undervalued

Now 21% undervalued

Price target increased to JP¥425

The Gunma Bank, Ltd. Provides Earnings Guidance for the Six Months Ending September 30, 2022 and Fiscal Year Ending March 31, 2023

The Gunma Bank, Ltd. to Report Q1, 2023 Results on Aug 02, 2022

Full year 2022 earnings released: EPS: JP¥63.33 (vs JP¥32.14 in FY 2021)

The Gunma Bank, Ltd., Annual General Meeting, Jun 24, 2022

The Gunma Bank, Ltd. Provides Consolidated and Non-Consolidated Earnings Guidance for the Six Months Ending September 30, 2022 and Fiscal Year Ending March 31, 2023

Now 20% undervalued after recent price drop

Less than half of directors are independent

The Gunma Bank, Ltd. to Report Fiscal Year 2022 Results on May 11, 2022

Now 22% undervalued

Upcoming dividend of JP¥7.00 per share

Now 21% undervalued

Third quarter 2022 earnings: EPS misses analyst expectations

The Gunma Bank, Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022

Second quarter 2022 earnings released: EPS JP¥9.28 (vs JP¥16.22 in 2Q 2021)

The Gunma Bank, Ltd. Revises Consolidated and Non-Consolidated Earnings Guidance for the Six Months Ending September 30, 2021

Upcoming dividend of JP¥7.00 per share

First quarter 2022 earnings released: EPS JP¥27.28 (vs JP¥13.09 in 1Q 2021)

Full year 2021 earnings released: EPS JP¥32.14 (vs JP¥52.79 in FY 2020)

The Gunma Bank, Ltd. Provides Non-Consolidated and Consolidated Earnings Guidance for the Year Ending March 31, 2022 and Six Months Ending September 30, 2021

Upcoming dividend of JP¥7.00 per share

The Gunma Bank, Ltd. to Report Fiscal Year 2021 Results on May 12, 2021

New 90-day high: JP¥357

Third quarter 2021 earnings released: EPS JP¥14.66 (vs JP¥20.34 in 3Q 2020)

New 90-day low: JP¥309

New 90-day low: JP¥320

The Gunma Bank, Ltd. to Report Q3, 2021 Results on Feb 02, 2021

Price target lowered to JP¥383

The Gunma Bank, Ltd. to Report Q2, 2021 Results on Nov 05, 2020

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members