Token Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Minoru Soda

Chief executive officer

JP¥188.0m

Total compensation

CEO salary percentage	92.6%
CEO tenure	44.8yrs
CEO ownership	11.5%
Management average tenure	no data
Board average tenure	10.3yrs

Recent management updates

Recent updates

Token's (TSE:1766) Dividend Will Be ¥250.00

Apr 25

CEO Compensation Analysis

How has Minoru Soda's remuneration changed compared to Token's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	n/a	n/a	JP¥5b
Oct 31 2023	n/a	n/a	JP¥5b
Jul 31 2023	n/a	n/a	JP¥5b
Apr 30 2023	JP¥188m	JP¥174m	JP¥5b
Jan 31 2023	n/a	n/a	JP¥8b
Oct 31 2022	n/a	n/a	JP¥9b
Jul 31 2022	n/a	n/a	JP¥10b
Apr 30 2022	n/a	n/a	JP¥10b
Jan 31 2022	n/a	n/a	JP¥10b
Oct 31 2021	n/a	n/a	JP¥10b
Jul 31 2021	n/a	n/a	JP¥10b
Apr 30 2021	n/a	n/a	JP¥10b
Jan 31 2021	n/a	n/a	JP¥11b
Oct 31 2020	n/a	n/a	JP¥10b
Jul 31 2020	n/a	n/a	JP¥10b
Apr 30 2020	n/a	n/a	JP¥9b
Jan 31 2020	n/a	n/a	JP¥9b
Oct 31 2019	n/a	n/a	JP¥9b
Jul 31 2019	n/a	n/a	JP¥10b
Apr 30 2019	JP¥239m	JP¥225m	JP¥11b
Jan 31 2019	n/a	n/a	JP¥10b
Oct 31 2018	n/a	n/a	JP¥12b
Jul 31 2018	n/a	n/a	JP¥13b
Apr 30 2018	n/a	n/a	JP¥13b
Jan 31 2018	n/a	n/a	JP¥14b
Oct 31 2017	n/a	n/a	JP¥14b
Jul 31 2017	n/a	n/a	JP¥13b
Apr 30 2017	JP¥258m	JP¥174m	JP¥12b

Compensation vs Market: Minoru's total compensation ($USD1.20M) is about average for companies of similar size in the JP market ($USD1.01M).

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

CEO

Minoru Soda (76 yo)

44.8yrs

Tenure

JP¥188,000,000

Compensation

Mr. Minoru Soda has been the President of Token Corporation since July 1979 and served as its Chief Executive Officer. Mr. Soda founded Tomei Shoji, Ltd., (now Token Corporation) in July 1974. Mr. Soda est...

Board Members

Name	Position	Tenure	Compensation	Ownership
Minoru Soda	Chairman of the Board of Directors & President	44.8yrs	JP¥188.00m	11.5% ¥ 16.2b
Yoshitake Soda	Executive VP	6.3yrs	JP¥241.00m	3.01% ¥ 4.2b
Masahiro Mitsuya	External Auditor	32.3yrs	no data	no data
Akiyoshi Kitamura	External Auditor	11.8yrs	no data	no data
Michihiro Shida	Independent External Director	8.8yrs	no data	no data
Takanori Sumino	Director	1.8yrs	no data	0.0030% ¥ 4.2m

10.3yrs

Average Tenure

74.5yo

Average Age

Experienced Board: 1766's board of directors are seasoned and experienced ( 10.3 years average tenure).

Token Management

Management criteria checks 3/4

Key information

Recent management updates

Token Corporation, Annual General Meeting, Jul 27, 2023

No independent directors

Token Corporation, Annual General Meeting, Jul 28, 2022

Token Corporation, Annual General Meeting, Jul 28, 2022

No independent directors

Recent updates

Token's (TSE:1766) Dividend Will Be ¥250.00

Upcoming dividend of JP¥250 per share

Third quarter 2024 earnings released: EPS: JP¥149 (vs JP¥108 in 3Q 2023)

Token Corporation to Report Q3, 2024 Results on Mar 13, 2024

Second quarter 2024 earnings released: EPS: JP¥145 (vs JP¥151 in 2Q 2023)

Token Corporation Provides Dividend Guidance for the Year Ending April 2024

Token Corporation to Report Q2, 2024 Results on Dec 13, 2023

Token Corporation Announces Dividend Forecast for the Year Ending April 2024

Token Corporation to Report Q1, 2024 Results on Sep 12, 2023

Full year 2023 earnings: EPS misses analyst expectations

New minor risk - Profit margin trend

Full year 2023 earnings: EPS misses analyst expectations

Token Corporation to Report Fiscal Year 2023 Results on Jun 13, 2023

Token Corporation, Annual General Meeting, Jul 27, 2023

Upcoming dividend of JP¥250 per share at 3.1% yield

Third quarter 2023 earnings released: EPS: JP¥108 (vs JP¥216 in 3Q 2022)

Second quarter 2023 earnings released: EPS: JP¥151 (vs JP¥186 in 2Q 2022)

Token Corporation Provides Dividend Guidance for the Full Year Ending April 2023

Token Corporation to Report Q2, 2023 Results on Dec 13, 2022

No independent directors

First quarter 2023 earnings released: EPS: JP¥160 (vs JP¥184 in 1Q 2022)

Token Corporation Provides Dividend Guidance for the Year Ending April, 2023

Token Corporation to Report Q1, 2023 Results on Sep 12, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorated over the past week

Token Corporation, Annual General Meeting, Jul 28, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

Token Corporation, Annual General Meeting, Jul 28, 2022

Token Corporation Announces Dividend for the Year Ended April 30, 2022, Payable on July 29, 2022

Token Corporation to Report Fiscal Year 2022 Results on Jun 13, 2022

No independent directors

Upcoming dividend of JP¥250 per share

Third quarter 2022 earnings: EPS exceeds analyst expectations

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

First quarter 2022 earnings released: EPS JP¥184 (vs JP¥197 in 1Q 2021)

Token Corporation Provides Earnings Guidance for the period Ending October 2021 and Ending April 30, 2022

Full year 2021 earnings released: EPS JP¥750 (vs JP¥640 in FY 2020)

Full year 2021 earnings released: EPS JP¥750 (vs JP¥640 in FY 2020)

Token Corporation Announces Consolidated Earnings Guidance for the Period Ending October 2021 and April 2022

Upcoming dividend of JP¥220 per share

Third quarter 2021 earnings released: EPS JP¥218 (vs JP¥177 in 3Q 2020)

Revenue and earnings miss expectations

Token Corporation to Report Q3, 2021 Results on Mar 12, 2021

New 90-day high: JP¥8,900

New 90-day high: JP¥8,430

Second quarter 2021 earnings released: EPS JP¥176

Revenue and earnings miss expectations

Token Corporation to Report Q1, 2021 Results on Sep 10, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age