Invincible Investment Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Naoki Fukuda

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	10.9yrs
CEO ownership	n/a
Management average tenure	10.3yrs
Board average tenure	8.2yrs

Recent management updates

Recent updates

CEO

Naoki Fukuda (61 yo)

10.9yrs

Tenure

Mr. Naoki Fukuda is Operating Officer and President of Invincible Investment Corporation. He joined the Invincible Investment Corporation in June 2013 and serves as Executive Director since June 2013. He h...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Naoto Ichiki	Executive Chairman	no data	no data	no data
Naoki Fukuda	Operating Officer	10.9yrs	no data	no data
Akiko Watanabe	Manager	10.3yrs	no data	no data
Taku Iwasaki	MD New investment Corp. Preparation Office Manager & Director	less than a year	no data	no data

10.3yrs

Average Tenure

Experienced Management: 8963's management team is seasoned and experienced (10.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Naoto Ichiki	Executive Chairman	no data	no data	no data
Naoki Fukuda	Operating Officer	10.9yrs	no data	no data
Taku Iwasaki	MD New investment Corp. Preparation Office Manager & Director	less than a year	no data	no data
Christopher Reed	Director	11yrs	no data	no data
Yoshihiro Tamura	Supervisory Director	5.4yrs	no data	no data
Shoji Aoyagi	Auditor	13.9yrs	no data	no data
Marika Nagasawa	Supervisory Director	less than a year	no data	no data

8.2yrs

Average Tenure

58yo

Average Age

Experienced Board: 8963's board of directors are considered experienced (8.2 years average tenure).

Invincible Investment Management

Management criteria checks 2/4

Key information

Recent management updates

Invincible Investment Corporation, Annual General Meeting, Dec 21, 2023

Invincible Investment Corporation, Annual General Meeting, Dec 20, 2022

No independent directors

No independent directors

Invincible Investment Corporation, Annual General Meeting, Dec 22, 2020

Recent updates

Final dividend of JP¥1,767 announced

Invincible Investment Corporation Provides Distribution Guidance for the Six Months Ending December 2024

Upcoming dividend of JP¥1,441 per share at 4.8% yield

Invincible Investment Corporation, Annual General Meeting, Dec 21, 2023

First half 2023 earnings released: EPS: JP¥1,462 (vs JP¥167 in 1H 2022)

Invincible Investment Corporation has completed a Follow-on Equity Offering in the amount of ¥33.883702 billion.

Invincible Investment Corporation (TSE:8963) completed the acquisition of Tazawako Lake Resort & Onsen from Heijo Tokutei Mokuteki Kaisha.

New minor risk - Shareholder dilution

Invincible Investment Corporation to Report Q2, 2023 Results on Aug 24, 2023

Upcoming dividend of JP¥1,362 per share at 2.7% yield

Price target increased to JP¥53,110

Upcoming dividend of JP¥655 per share

Price target increased to JP¥51,682

Invincible Investment Corporation, Annual General Meeting, Dec 20, 2022

No independent directors

First half 2022 earnings released: EPS: JP¥166 (vs JP¥590 loss in 1H 2021)

Invincible Investment Corporation to Report Q2, 2022 Results on Aug 25, 2022

Now 21% undervalued after recent price drop

Price target decreased to JP¥46,955

Upcoming dividend of JP¥78.00 per share

No independent directors

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Price target increased to JP¥53,000

Upcoming dividend of JP¥84.00 per share

Price target increased to JP¥48,833

First half 2021 earnings released: JP¥590 loss per share (vs JP¥69.53 profit in 1H 2020)

First half 2021 earnings released: JP¥590 loss per share (vs JP¥69.53 profit in 1H 2020)

Upcoming dividend of JP¥15.00 per share

Price target decreased to JP¥41,900

Full year 2020 earnings released: EPS JP¥172 (vs JP¥5,592 in FY 2019)

Invincible Investment Corporation Announces Conclusion of Memorandum of Understanding to Amend the Fixed-Term Building Lease and Property Management Agreement Pertaining to the Rent Conditions for the Period from January to June, 2021 with Major Tenant

Price target raised to JP¥43,414

An unknown buyer acquired 6 Residential Properties from Invincible Investment Corporation (TSE:8963) for ¥11.1 billion.

New 90-day high: JP¥38,800

Invincible Investment Corporation to Report Fiscal Year 2020 Final Results on Feb 25, 2021

An unknown buyer agreed to acquire four domestic residential properties from Invincible Investment Corporation (TSE:8963) for ¥7.9 billion.

Invincible Investment Corporation, Annual General Meeting, Dec 22, 2020

Invincible Investment Corporation to Report 18 Months Period Ending Jun 30, 2020 Final Results on Aug 25, 2020

Invincible Investment Corporation (TSE:8963) acquired Trust Beneficiary rights in Hotel MyStays Premier Narita and Art Hotel Morioka from Adria Tokutei Mokuteki Kaisha and Heijo Tokutei Mokuteki Kaisha from Fortress Investment Group LLC.

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age