Rion Management

Management criteria checks 2/4

Rion's CEO is Kiyokatsu Iwahashi, appointed in Jun 2019, has a tenure of 4.83 years. directly owns 0.19% of the company’s shares, worth ¥68.68M. The average tenure of the management team and the board of directors is 2.3 years and 8.8 years respectively.

Key information

Kiyokatsu Iwahashi

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	4.8yrs
CEO ownership	0.2%
Management average tenure	2.3yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

Rion (TSE:6823) Is Increasing Its Dividend To ¥32.00

Mar 04

CEO

Kiyokatsu Iwahashi (67 yo)

4.8yrs

Tenure

Mr. Kiyokatsu Iwahashi is Managing Director, Director of Technology Development Center and General Manager of R&D of Rion Co., Ltd. from June 2019 and serves as its President & Chief Executive Officer sinc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kiyokatsu Iwahashi	President	4.8yrs	no data	0.19% ¥ 68.7m
Makoto Nakanowatari	Deputy GM of Business Support Division	no data	no data	0.016% ¥ 6.0m
Koki Kato	GM of Corporate Planning Division & Director	no data	no data	0.089% ¥ 32.8m
Toshiyuki Shinozaki	Executive Officer & Director	less than a year	no data	no data
Alisa Lask	Chief Commercial Officer	2.3yrs	no data	no data

2.3yrs

Average Tenure

58yo

Average Age

Experienced Management: 6823's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kiyokatsu Iwahashi	President	10.8yrs	no data	0.19% ¥ 68.7m
Makoto Nakanowatari	Deputy GM of Business Support Division	1.8yrs	no data	0.016% ¥ 6.0m
Koki Kato	GM of Corporate Planning Division & Director	4.8yrs	no data	0.089% ¥ 32.8m
Toshiyuki Shinozaki	Executive Officer & Director	less than a year	no data	no data
Tsutomu Ishitani	External Auditor	19.8yrs	no data	0.032% ¥ 11.9m
Kenichi Shimizu	Representative Director	20.8yrs	no data	0.29% ¥ 107.5m
Kazunobu Takahashi	Outside Independent Director	less than a year	no data	no data
Yoshihiro Sakuma	External Auditor	10.8yrs	no data	no data
Kazuomi Yamauchi	Full-Time Chairman of Corporate Auditors	8.8yrs	no data	no data
Motonori Tsuno	Independent External Director	8.8yrs	no data	0.016% ¥ 6.0m
Mari Ueda	Outside Director	no data	no data	0.0081% ¥ 3.0m

8.8yrs

Average Tenure

66yo

Average Age

Experienced Board: 6823's board of directors are considered experienced (8.8 years average tenure).

Rion Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

Rion Co., Ltd., Annual General Meeting, Jun 24, 2022

Less than half of directors are independent

Recent updates

Upcoming dividend of JP¥32.00 per share

Rion (TSE:6823) Is Increasing Its Dividend To ¥32.00

Rion Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2024

Rion Co., Ltd. Provides Commemorative Dividend Guidance for Fiscal Year Ending March 31, 2024

Third quarter 2024 earnings released: EPS: JP¥60.43 (vs JP¥55.69 in 3Q 2023)

Rion Co., Ltd. to Report Q3, 2024 Results on Jan 30, 2024

Rion Co., Ltd. Provides Consolidated Earnings Guidance for the Full Year of Fiscal Year Ending March 31, 2024

Second quarter 2024 earnings released: EPS: JP¥46.72 (vs JP¥33.99 in 2Q 2023)

Upcoming dividend of JP¥23.00 per share at 2.0% yield

Rion Co., Ltd. to Report Q2, 2024 Results on Oct 30, 2023

Rion Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months and Full Year of Fiscal Year Ending March 31, 2024

First quarter 2024 earnings released: EPS: JP¥55.52 (vs JP¥15.21 in 1Q 2023)

Rion Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023

Rion Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2024, Payable on June 26, 2023

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of JP¥22.00 per share at 2.5% yield

Now 21% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: JP¥55.68 (vs JP¥56.46 in 3Q 2022)

Consensus EPS estimates fall by 28%

Price target increased to JP¥4,070

Less than half of directors are independent

Rion Co., Ltd. (TSE:6823) completed the acquisition of Norsonic AS from Asisa As, Norsonic-Tippkemper Gmbh, Janix Ikt As, Jacon A/S and others.

Second quarter 2023 earnings released: EPS: JP¥33.99 (vs JP¥38.98 in 2Q 2022)

Upcoming dividend of JP¥23.00 per share

Rion Co., Ltd. Provides Dividend Guidance for the Second Quarter of Fiscal Ending March 31, 2023

First quarter 2023 earnings released: EPS: JP¥15.21 (vs JP¥29.63 in 1Q 2022)

Rion Co., Ltd. (TSE:6823) entered into an agreement to acquire 92.39% stake in Norsonic AS from Asisa As, Norsonic-Tippkemper Gmbh, Janix Ikt As, Jacon A/S and others for approximately NOK 120 million.

Rion Co., Ltd. to Report Q3, 2023 Results on Jan 30, 2023

Rion Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months and Full Year of Fiscal Year Ending March 31, 2023

Rion Co., Ltd., Annual General Meeting, Jun 24, 2022

Full year 2022 earnings: EPS exceeds analyst expectations

Price target increased to JP¥3,500

Less than half of directors are independent

Rion Co., Ltd. to Report Fiscal Year 2022 Results on Apr 28, 2022

Upcoming dividend of JP¥23.00 per share

Rion Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2022

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter 2022 earnings released: EPS JP¥38.98 (vs JP¥34.03 in 2Q 2021)

Upcoming dividend of JP¥22.00 per share

First quarter 2022 earnings released: EPS JP¥29.63 (vs JP¥24.68 in 1Q 2021)

Full year 2021 earnings released: EPS JP¥133 (vs JP¥145 in FY 2020)

Rion Co., Ltd. Announces Dividend for the Year Ended March 31, 2021, Payable on June 25, 2021

Full year 2021 earnings released: EPS JP¥133 (vs JP¥145 in FY 2020)

Upcoming dividend of JP¥21.00 per share

Rion Co., Ltd. to Report Fiscal Year 2021 Results on Apr 28, 2021

New 90-day low: JP¥2,935

Third quarter 2021 earnings released: EPS JP¥37.36 (vs JP¥25.74 in 3Q 2020)

Revenue beats expectations, earnings disappoint

New 90-day high: JP¥3,610

New 90-day high: JP¥3,345

Rion Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021

Rion Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age