First-corporation Management

Management criteria checks 2/4

First-corporation's CEO is Toshiaki Nakamura, appointed in Jun 2011, has a tenure of 13.42 years. directly owns 15.85% of the company’s shares, worth ¥1.55B. The average tenure of the management team and the board of directors is 5.3 years and 4.3 years respectively.

Key information

Toshiaki Nakamura

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	13.4yrs
CEO ownership	15.9%
Management average tenure	5.3yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

First-corporation's (TSE:1430) Anemic Earnings Might Be Worse Than You Think

Jul 19

CEO

Toshiaki Nakamura (74 yo)

13.4yrs

Tenure

Mr. Toshiaki Nakamura has been President of First-corporation Inc. since June 2011 and serves as its chief Executive Officer and also serves as its General Manager of Development Business Headquarters sinc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Toshiaki Nakamura	President	13.4yrs	no data	15.85% ¥ 1.5b
Naohiro Kitagawa	Executive Officer & Manager of Finance Management Division	no data	no data	no data
Kazuo Yokoyama	GM of Administration Headquarters & Production Control Department and Director	11.5yrs	no data	0.64% ¥ 62.5m
Hitomi Miyamoto	Head of Corporate Planning Office and Compliance Officer & Director	3.3yrs	no data	0.10% ¥ 9.8m
Kenji Gomikawa	Executive Officer and Head of Electrical Equipment Dept. & Construction Business Headquarters	no data	no data	no data
Yutaka Saiga	Senior MD	5.3yrs	no data	0.11% ¥ 10.9m
Junichi Uematsu	Managing Executive Officer & Deputy GM of Development Business Headquarters	no data	no data	no data
Masao Kurokawa	Managing Executive Officer and Manager of Planning & Design Department	no data	no data	no data
Oto Ryo	Executive Officer	2.8yrs	no data	0.10% ¥ 9.8m

5.3yrs

Average Tenure

64yo

Average Age

Experienced Management: 1430's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Toshiaki Nakamura	President	13.4yrs	no data	15.85% ¥ 1.5b
Kazuo Yokoyama	GM of Administration Headquarters & Production Control Department and Director	11.5yrs	no data	0.64% ¥ 62.5m
Hitomi Miyamoto	Head of Corporate Planning Office and Compliance Officer & Director	5.3yrs	no data	0.10% ¥ 9.8m
Yutaka Saiga	Senior MD	6.3yrs	no data	0.11% ¥ 10.9m
Oto Ryo	Executive Officer	less than a year	no data	0.10% ¥ 9.8m
Hisao Shibayama	Independent Outside Director	1.3yrs	no data	no data
Satoshi Fujimoto	Independent Outside Director	9.3yrs	no data	0.042% ¥ 4.1m
Takaaki Morohashi	Independent Outside Director	3.3yrs	no data	0.64% ¥ 62.3m
Masami Fujikura	Director	1.3yrs	no data	0.15% ¥ 14.4m
Kazuhiro Ueno	Independent Outside Director	3.3yrs	no data	no data

4.3yrs

Average Tenure

67yo

Average Age

Experienced Board: 1430's board of directors are considered experienced (4.3 years average tenure).

First-corporation Management

Management criteria checks 2/4

Key information

Recent management updates

First-corporation Inc., Annual General Meeting, Aug 23, 2024

First-corporation Inc., Annual General Meeting, Aug 25, 2023

Less than half of directors are independent

First-corporation Inc., Annual General Meeting, Aug 26, 2022

Less than half of directors are independent

Recent updates

New major risk - Financial position

First quarter 2025 earnings released

First-corporation Inc. to Report Q1, 2025 Results on Oct 15, 2024

Investor sentiment deteriorates as stock falls 19%

First-corporation's (TSE:1430) Anemic Earnings Might Be Worse Than You Think

First-corporation Inc., Annual General Meeting, Aug 23, 2024

Upcoming dividend of JP¥31.00 per share

First-corporation Inc. to Report Fiscal Year 2024 Results on Jul 12, 2024

First-corporation Inc. to Report Q3, 2024 Results on Apr 12, 2024

New minor risk - Financial data availability

First-corporation Inc. to Report Q1, 2024 Results on Oct 13, 2023

New major risk - Earnings quality

Full year 2023 earnings released: EPS: JP¥115 (vs JP¥106 in FY 2022)

First-corporation Inc., Annual General Meeting, Aug 25, 2023

First-corporation Inc. to Report Fiscal Year 2023 Results on Jul 14, 2023

Inaugural dividend of JP¥35.00 per share

Third quarter 2023 earnings released: EPS: JP¥39.27 (vs JP¥19.27 in 3Q 2022)

Second quarter 2023 earnings released: EPS: JP¥23.16 (vs JP¥10.36 in 2Q 2022)

Less than half of directors are independent

First quarter 2023 earnings released: EPS: JP¥14.36 (vs JP¥36.10 in 1Q 2022)

Full year 2022 earnings released: EPS: JP¥106 (vs JP¥90.17 in FY 2021)

First-corporation Inc., Annual General Meeting, Aug 26, 2022

Full year 2022 earnings released: EPS: JP¥106 (vs JP¥90.17 in FY 2021)

First-corporation Inc. to Report Fiscal Year 2022 Results on Jul 08, 2022

Inaugural dividend of JP¥30.00 per share

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: JP¥19.27 (vs JP¥7.86 in 3Q 2021)

First-corporation Inc. to Report Q3, 2022 Results on Apr 08, 2022

First-corporation Inc. (TSE:1430) announces an Equity Buyback for 250,000 shares, representing 1.87% for ¥176.25 million.

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

First quarter 2022 earnings released: EPS JP¥36.10 (vs JP¥5.05 in 1Q 2021)

Full year 2021 earnings released: EPS JP¥90.17 (vs JP¥66.60 in FY 2020)

Inaugural dividend of JP¥32.00 per share

Third quarter 2021 earnings released: EPS JP¥7.86 (vs JP¥3.84 in 3Q 2020)

First-corporation Inc. to Report Q3, 2021 Results on Apr 09, 2021

New 90-day low: JP¥681

Second quarter 2021 earnings released: EPS JP¥6.51

New 90-day low: JP¥688

First-corporation Inc. to Report Q2, 2021 Results on Jan 08, 2021

First-corporation Inc. to Report Q1, 2021 Results on Oct 09, 2020

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age