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Goldwin Inc.

TSE:8111 Stock Report

Market Cap: JP¥286.6b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Goldwin Management

Management criteria checks 2/4

Goldwin's CEO is Takao Watanabe, appointed in Jan 2020, has a tenure of 6.67 years. total yearly compensation is ¥108.00M, comprised of 51.9% salary and 48.1% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth ¥289.57M. The average tenure of the management team and the board of directors is 1.3 years and 3.3 years respectively.

Key information

Takao Watanabe

Chief executive officer

JP¥108.0m

Total compensation

CEO salary percentage51.85%
CEO tenure6.7yrs
CEO ownership0.1%
Management average tenure1.3yrs
Board average tenure3.3yrs

Recent management updates

Recent updates

Analysis Article • Aug 09

Goldwin Inc. Just Missed Revenue By 8.5%: Here's What Analysts Think Will Happen Next

Goldwin Inc. ( TSE:8111 ) shareholders are probably feeling a little disappointed, since its shares fell 9.4% to...
Analysis Article • May 15

Goldwin Inc. (TSE:8111) Yearly Results: Here's What Analysts Are Forecasting For This Year

Goldwin Inc. ( TSE:8111 ) last week reported its latest full-year results, which makes it a good time for investors to...
Analysis Article • Feb 08

Revenue Miss: Goldwin Inc. Fell 6.8% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Goldwin Inc. ( TSE:8111 ) shareholders are probably feeling a little disappointed, since its shares fell 4.4% to...
Analysis Article • Dec 21

Calculating The Intrinsic Value Of Goldwin Inc. (TSE:8111)

Key Insights Goldwin's estimated fair value is JP¥3,243 based on 2 Stage Free Cash Flow to Equity Goldwin's JP¥2,714...
Analysis Article • Nov 13

Goldwin Inc.'s (TSE:8111) Shares Climb 26% But Its Business Is Yet to Catch Up

Goldwin Inc. ( TSE:8111 ) shares have continued their recent momentum with a 26% gain in the last month alone. Taking a...
Analysis Article • Nov 08

Goldwin Inc. (TSE:8111) Just Released Its Interim Earnings: Here's What Analysts Think

It's been a pretty great week for Goldwin Inc. ( TSE:8111 ) shareholders, with its shares surging 16% to JP¥2,962 in...
Analysis Article • Nov 04

Goldwin (TSE:8111) May Have Issues Allocating Its Capital

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Analysis Article • Sep 27

Goldwin (TSE:8111) Is Due To Pay A Dividend Of ¥87.00

The board of Goldwin Inc. ( TSE:8111 ) has announced that it will pay a dividend of ¥87.00 per share on the 2nd of...
Analysis Article • Aug 30

Goldwin (TSE:8111) Is Due To Pay A Dividend Of ¥87.00

The board of Goldwin Inc. ( TSE:8111 ) has announced that it will pay a dividend of ¥87.00 per share on the 2nd of...
Analysis Article • Aug 11

Goldwin (TSE:8111) Is Due To Pay A Dividend Of ¥87.00

Goldwin Inc. ( TSE:8111 ) will pay a dividend of ¥87.00 on the 2nd of December. This makes the dividend yield about the...
Analysis Article • Aug 08

Earnings Report: Goldwin Inc. Missed Revenue Estimates By 7.1%

TSE:8111 1 Year Share Price vs Fair Value Explore Goldwin's Fair Values from the Community and select yours Goldwin...
Analysis Article • Jul 17

Capital Allocation Trends At Goldwin (TSE:8111) Aren't Ideal

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
Analysis Article • Jul 17

Goldwin (TSE:8111) Has Announced A Dividend Of ¥87.00

Goldwin Inc. ( TSE:8111 ) will pay a dividend of ¥87.00 on the 2nd of December. This takes the annual payment to 2.1...
Analysis Article • Jun 25

Does Goldwin (TSE:8111) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • May 13

Is Now The Time To Put Goldwin (TSE:8111) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Apr 07

An Intrinsic Calculation For Goldwin Inc. (TSE:8111) Suggests It's 31% Undervalued

Key Insights Goldwin's estimated fair value is JP¥11,418 based on 2 Stage Free Cash Flow to Equity Goldwin is estimated...
Analysis Article • Mar 20

Goldwin (TSE:8111) Might Be Having Difficulty Using Its Capital Effectively

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Analysis Article • Feb 21

Goldwin Inc.'s (TSE:8111) Popularity With Investors Is Under Threat From Overpricing

It's not a stretch to say that Goldwin Inc.'s ( TSE:8111 ) price-to-earnings (or "P/E") ratio of 13.2x right now seems...
Analysis Article • Feb 02

Goldwin (TSE:8111) Ticks All The Boxes When It Comes To Earnings Growth

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Jan 07

Goldwin (TSE:8111) Has A Rock Solid Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Dec 08

Goldwin (TSE:8111) Will Want To Turn Around Its Return Trends

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Nov 11

Goldwin Inc. (TSE:8111) Just Released Its Interim Earnings: Here's What Analysts Think

It's been a pretty great week for Goldwin Inc. ( TSE:8111 ) shareholders, with its shares surging 13% to JP¥8,810 in...
Analysis Article • Oct 28

Here's Why We Think Goldwin (TSE:8111) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Sep 25

Goldwin (TSE:8111) Has Announced A Dividend Of ¥40.00

Goldwin Inc. ( TSE:8111 ) has announced that it will pay a dividend of ¥40.00 per share on the 4th of December. This...
Analysis Article • Sep 03

Goldwin's (TSE:8111) Dividend Will Be ¥40.00

The board of Goldwin Inc. ( TSE:8111 ) has announced that it will pay a dividend of ¥40.00 per share on the 4th of...
Analysis Article • Aug 23

Investor Optimism Abounds Goldwin Inc. (TSE:8111) But Growth Is Lacking

With a price-to-earnings (or "P/E") ratio of 16.6x Goldwin Inc. ( TSE:8111 ) may be sending bearish signals at the...
Analysis Article • Aug 08

We Think Goldwin (TSE:8111) Can Manage Its Debt With Ease

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Aug 08

Analyst Estimates: Here's What Brokers Think Of Goldwin Inc. (TSE:8111) After Its First-Quarter Report

Shareholders might have noticed that Goldwin Inc. ( TSE:8111 ) filed its first-quarter result this time last week. The...
Analysis Article • Jul 26

Goldwin (TSE:8111) Is Due To Pay A Dividend Of ¥40.00

Goldwin Inc. ( TSE:8111 ) has announced that it will pay a dividend of ¥40.00 per share on the 4th of December. This...
Analysis Article • Jul 25

Investors Shouldn't Overlook The Favourable Returns On Capital At Goldwin (TSE:8111)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Analysis Article • Jul 11

Goldwin's (TSE:8111) Dividend Will Be ¥40.00

The board of Goldwin Inc. ( TSE:8111 ) has announced that it will pay a dividend on the 4th of December, with investors...
Analysis Article • Jun 04

Here's Why Goldwin (TSE:8111) Has Caught The Eye Of Investors

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • May 22

Goldwin Inc.'s (TSE:8111) Shares May Have Run Too Fast Too Soon

It's not a stretch to say that Goldwin Inc.'s ( TSE:8111 ) price-to-earnings (or "P/E") ratio of 15.3x right now seems...
Analysis Article • Apr 20

Estimating The Intrinsic Value Of Goldwin Inc. (TSE:8111)

Key Insights Goldwin's estimated fair value is JP¥9,636 based on 2 Stage Free Cash Flow to Equity Goldwin's JP¥8,990...
Analysis Article • Apr 06

Goldwin (TSE:8111) Knows How To Allocate Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Feb 27

Goldwin (TSE:8111) Has Affirmed Its Dividend Of ¥85.00

Goldwin Inc. ( TSE:8111 ) will pay a dividend of ¥85.00 on the 13th of June. Including this payment, the dividend yield...

CEO Compensation Analysis

How has Takao Watanabe's remuneration changed compared to Goldwin's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

JP¥23b

Mar 31 2026JP¥108mJP¥56m

JP¥24b

Compensation vs Market: Takao's total compensation ($USD703.73K) is about average for companies of similar size in the JP market ($USD892.14K).

Compensation vs Earnings: Insufficient data to compare Takao's compensation with company performance.


CEO

Takao Watanabe (66 yo)

6.7yrs
Tenure
JP¥108,000,000
Compensation

Mr. Takao Watanabe has been President and Chief Executive Officer since 2020 and served as Senior Managing Executive Officer and General Manager of Business Coordination Division at Goldwin Inc. since Apri...


Leadership Team

NamePositionTenureCompensationOwnership
Takao Watanabe
CEO, President & Representative Director6.7yrsJP¥108.00m0.10%
¥ 289.6m
Michio Shirasaki
Executive VP1.3yrsno data0.0074%
¥ 21.3m
Hikari Mori
Executive VP1.3yrsno data0.018%
¥ 50.8m
Kunihiko Ishii
Executive Officer & Head of the Administration Divisionless than a yearno datano data
Yutaka Imai
Executive Officerless than a yearno datano data
Yoshihiro Takata
Corporate Officerless than a yearno datano data
Gen Arai
Senior Managing Executive Officer3.7yrsno data0.013%
¥ 36.6m
Takero Kaneda
Senior Managing Executive Officer3.7yrsno data0.0043%
¥ 12.2m
Shinji Kawada
MD, Senior Managing Executive Officer3.7yrsno data0.0054%
¥ 15.4m
Yuji Sasaki
Executive Officer & Head of Procurementno datano datano data
1.3yrs
Average Tenure
63yo
Average Age

Experienced Management: 8111's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Takao Watanabe
CEO, President & Representative Director20.4yrsJP¥108.00m0.10%
¥ 289.6m
Michio Shirasaki
Executive VP4.7yrsno data0.0074%
¥ 21.3m
Hikari Mori
Executive VP4.7yrsno data0.018%
¥ 50.8m
Gen Arai
Senior Managing Executive Officer1.3yrsno data0.013%
¥ 36.6m
Takero Kaneda
Senior Managing Executive Officerno datano data0.0043%
¥ 12.2m
Shinji Kawada
MD, Senior Managing Executive Officer1.3yrsno data0.0054%
¥ 15.4m
Akio Nishida
Honorary Chairman1.3yrsno data0.34%
¥ 971.2m
Dai Tamesue
Outside Independent Director4.3yrsno datano data
Rie Akiyama
Independent Outside Director7.3yrsno datano data
Osamu Sato
Audit & Supervisory Board Member3.3yrsno data0.018%
¥ 51.5m
Akira Tsuchiya
Outside Independent Director2.3yrsno datano data
Naoko Imoto
Outside Independent Director2.3yrsno datano data
3.3yrs
Average Tenure
62.5yo
Average Age

Experienced Board: 8111's board of directors are considered experienced (3.3 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 16:09
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Goldwin Inc. is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Arashi NishizawaBofA Global Research
Yingqiu ZhangCitigroup Inc
Jun KawaharaDaiwa Securities Co. Ltd.

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