Noritz Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Satoshi Haramaki

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	3.6yrs
CEO ownership	n/a
Management average tenure	3.6yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO

Satoshi Haramaki (64 yo)

3.6yrs

Tenure

Mr. Satoshi Haramaki serves as President and Chief Executive Officer of Noritz Corporation since October 2020 and serves as its Director since March 2015. He had been a Senior Managing Executive Officer at...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Satoshi Haramaki	CEO, President & Director	3.6yrs	no data	no data
Masayuki Takenaka	Senior Managing Executive Officer	7.3yrs	no data	0.035% ¥ 28.3m
Kazushi Hirooka	Managing Executive Officer	8.3yrs	no data	0.026% ¥ 21.2m
Masamine Hirosawa	Senior Managing Executive Officer	7.2yrs	no data	0.035% ¥ 28.3m
Hidenari Ikeda	Managing Executive Officer	3.6yrs	no data	0.013% ¥ 10.6m
Kazuhiro Takii	Senior Executive Officer	3.3yrs	no data	no data
Atsushi Yoshimoto	Managing Executive Officer	2.6yrs	no data	no data
Jyunya Makita	Senior Executive Officer	2.6yrs	no data	no data

3.6yrs

Average Tenure

60yo

Average Age

Experienced Management: 5943's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Satoshi Haramaki	CEO, President & Director	9.2yrs	no data	no data
Masayuki Takenaka	Senior Managing Executive Officer	7.2yrs	no data	0.035% ¥ 28.3m
Kazushi Hirooka	Managing Executive Officer	4.2yrs	no data	0.026% ¥ 21.2m
Masamine Hirosawa	Senior Managing Executive Officer	7.2yrs	no data	0.035% ¥ 28.3m
Hidenari Ikeda	Managing Executive Officer	2.3yrs	no data	0.013% ¥ 10.6m
Tsuyoshi Ayabe	Director	no data	no data	no data
Yasuko Masaki	Independent Outside Director	no data	no data	no data
Hirokazu Onoe	Independent Outside Director	3.2yrs	no data	no data
Yasuhiro Tani	Independent Outside Director	3.3yrs	no data	no data
Naoki Hirano	Director	no data	no data	0.0043% ¥ 3.5m

4.2yrs

Average Tenure

62yo

Average Age

Experienced Board: 5943's board of directors are considered experienced (4.2 years average tenure).

Noritz Management

Management criteria checks 2/4

Key information

Recent management updates

Noritz Corporation, Annual General Meeting, Mar 28, 2024

Less than half of directors are independent

Less than half of directors are independent

Noritz Corporation, Annual General Meeting, Mar 30, 2022

Recent updates

Consensus EPS estimates fall by 19%, revenue upgraded

Price target increased by 10% to JP¥1,650

Noritz Corporation to Report Q1, 2024 Results on May 14, 2024

Noritz Corporation, Annual General Meeting, Mar 28, 2024

New minor risk - Profit margin trend

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of JP¥21.00 per share at 4.0% yield

Noritz Corporation to Report Fiscal Year 2023 Results on Feb 14, 2024

Third quarter 2023 earnings released: JP¥10.58 loss per share (vs JP¥37.58 profit in 3Q 2022)

Consensus EPS estimates fall by 18%

Noritz Corporation to Report Q3, 2023 Results on Nov 09, 2023

Second quarter 2023 earnings released: JP¥4.53 loss per share (vs JP¥19.99 profit in 2Q 2022)

Upcoming dividend of JP¥32.00 per share at 2.9% yield

Noritz Corporation to Report Q2, 2023 Results on Aug 09, 2023

First quarter 2023 earnings released: EPS: JP¥27.57 (vs JP¥8.61 loss in 1Q 2022)

Now 20% undervalued

Consensus EPS estimates increase by 13%

Full year 2022 earnings: EPS misses analyst expectations

Now 21% undervalued

Upcoming dividend of JP¥28.00 per share

Price target decreased to JP¥1,550

Noritz Corporation to Report Fiscal Year 2022 Results on Feb 14, 2023

Third quarter 2022 earnings released: EPS: JP¥37.58 (vs JP¥26.50 in 3Q 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: JP¥37.57 (vs JP¥26.50 in 3Q 2021)

Consensus EPS estimates increase by 20%

Noritz Corporation to Report Q3, 2022 Results on Nov 10, 2022

Second quarter 2022 earnings released: EPS: JP¥19.98 (vs JP¥21.70 in 2Q 2021)

Upcoming dividend of JP¥25.00 per share

Noritz Corporation to Report Q2, 2022 Results on Aug 10, 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Noritz Corporation to Report Q1, 2022 Results on May 13, 2022

Noritz Corporation, Annual General Meeting, Mar 30, 2022

Noritz Corporation (TSE:5943) announces an Equity Buyback for 1,100,000 shares, representing 2.39% for ¥2,000 million.

Upcoming dividend of JP¥51.00 per share

Price target decreased to JP¥1,700

Consensus EPS estimates fall by 33%

Third quarter 2021 earnings released: EPS JP¥26.50 (vs JP¥15.03 in 3Q 2020)

Upcoming dividend of JP¥32.00 per share

Noritz Corporation (TSE:5943) completed the acquisition of 44% stake in Viet Nam Australia Refrigeration Electrical Engineering Group Joint Stock Company.

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS JP¥87.64 (vs JP¥138 loss in 1Q 2020)

Full year 2020 earnings released: JP¥64.78 loss per share (vs JP¥31.75 profit in FY 2019)

New 90-day high: JP¥1,755

Noritz Corporation to Report Q1, 2021 Results on May 17, 2021

Full year 2020 earnings released: JP¥64.78 loss per share (vs JP¥31.75 profit in FY 2019)

New 90-day low: JP¥1,501

Price target raised to JP¥1,750

Noritz Corporation to Report Fiscal Year 2020 Results on Feb 12, 2021

Noritz Corporation to Report Q3, 2020 Results on Nov 11, 2020

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age