Espec Management

Management criteria checks 1/4

Espec's CEO is Masaaki Ishida, appointed in Apr 2011, has a tenure of 13.08 years. directly owns 0.33% of the company’s shares, worth ¥216.08M. The average tenure of the management team and the board of directors is 6.1 years and 1.9 years respectively.

Key information

Masaaki Ishida

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	13.1yrs
CEO ownership	0.3%
Management average tenure	6.1yrs
Board average tenure	1.9yrs

Recent management updates

Recent updates

CEO

Masaaki Ishida (69 yo)

13.1yrs

Tenure

Mr. Masaaki Ishida had been the President of Espec Corp. since April 1, 2011 until April 2022 and serves as its Chief Executive Officer. Mr. Ishida served as Managing Director of Technology, Production and...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Masaaki Ishida	CEO & Representative Chairperson	13.1yrs	no data	0.33% ¥ 216.1m
Satoshi Arata	President & Representative Director	2.1yrs	no data	0.15% ¥ 94.7m
Keiji Oshima	Sr. Exe. Officer	12.1yrs	no data	0.14% ¥ 91.8m
Junko Nishitani	Director	no data	no data	0.064% ¥ 41.4m
Toshiyuki Hamano	Executive Officer & Chief Officer of Sales Headquarters	2.1yrs	no data	no data
Kunikazu Ishii	Director	7.9yrs	no data	0.17% ¥ 109.5m
Kazuhiro Suehisa	Mang. Exe	6.1yrs	no data	0.064% ¥ 41.4m
Kenji Fuchita	Executive Officer & Chief Officer of Test Consulting Services Headquarters	2.1yrs	no data	no data

6.1yrs

Average Tenure

62yo

Average Age

Experienced Management: 6859's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Masaaki Ishida	CEO & Representative Chairperson	15.9yrs	no data	0.33% ¥ 216.1m
Satoshi Arata	President & Representative Director	5.9yrs	no data	0.15% ¥ 94.7m
Keiji Oshima	Sr. Exe. Officer	1.9yrs	no data	0.14% ¥ 91.8m
Junko Nishitani	Director	1.9yrs	no data	0.064% ¥ 41.4m
Kunikazu Ishii	Director	1.9yrs	no data	0.17% ¥ 109.5m
Kazuhiro Suehisa	Mang. Exe	5.9yrs	no data	0.064% ¥ 41.4m
Kazuo Hirata	Independent Outside Director	1.9yrs	no data	no data
Akihiko Yanagitani	Independent Outside Director	2.9yrs	no data	no data
Takahiro Tanaka	Independent Outside Director	1.9yrs	no data	no data
Yasuko Yoshida	Independent Outside Director	1.9yrs	no data	no data

1.9yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 6859's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

Espec Management

Management criteria checks 1/4

Key information

Recent management updates

Espec Corp., Annual General Meeting, Jun 23, 2023

Less than half of directors are independent

Espec Corp., Annual General Meeting, Jun 23, 2022

Less than half of directors are independent

Recent updates

Now 21% undervalued

Now 21% undervalued

Upcoming dividend of JP¥45.00 per share

Price target increased by 13% to JP¥3,600

Now 21% undervalued

Espec Corp. to Report Fiscal Year 2024 Results on May 15, 2024

Espec Corp. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024

Third quarter 2024 earnings released: EPS: JP¥65.59 (vs JP¥32.88 in 3Q 2023)

Now 20% undervalued

Espec Corp. to Report First Half, 2024 Results on Dec 06, 2023

Espec Corp. to Report Q3, 2024 Results on Feb 13, 2024

Espec Corp. Announces Dividend for the Second Quarter End of Fiscal Year 2024, Commences Dividend Payments on December 11, 2023

Second quarter 2024 earnings released: EPS: JP¥49.83 (vs JP¥46.70 in 2Q 2023)

Upcoming dividend of JP¥25.00 per share at 3.0% yield

Espec Corp. to Report Q2, 2024 Results on Nov 10, 2023

First quarter 2024 earnings released: EPS: JP¥25.88 (vs JP¥2.77 loss in 1Q 2023)

Now 21% undervalued

Price target increased by 7.4% to JP¥2,900

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Espec Corp., Annual General Meeting, Jun 23, 2023

Upcoming dividend of JP¥45.00 per share at 3.3% yield

Price target increased by 9.8% to JP¥2,800

Espec Corp. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023

Third quarter 2023 earnings released: EPS: JP¥32.87 (vs JP¥27.00 in 3Q 2022)

Espec Corp. to Report Q3, 2023 Results on Feb 13, 2023

Espec Corp. Declares Commemorative Dividend for the Second Quarter Ended September 30, 2022, Payable on December 12, 2022; Provides Commemorative Dividend Guidance for the Fiscal Year Ending March 31, 2023

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: JP¥46.70 (vs JP¥11.35 in 2Q 2022)

Espec Corp. (TSE:6859) announces an Equity Buyback for 680,000 shares, representing 3.02% for ¥1,324.64 million.

Espec Corp. Revises Consolidated Earnings Guidance for the Six Months Ended September 30, 2022 and for the Fiscal Year Ending March 31, 2023

Upcoming dividend of JP¥24.00 per share

Espec Corp. (TSE:6859) agreed to acquire Environmental Test Equipment Business of Hitachi-Johnson Controls Air Conditioning, Inc.

Espec Corp. to Report Q2, 2023 Results on Nov 11, 2022

Espec Corp. Provides Dividend Guidance for the Second Quarter-End and for the Full Year of Fiscal Year Ending March 31, 2023

First quarter 2023 earnings released: JP¥2.77 loss per share (vs JP¥1.06 loss in 1Q 2022)

Espec Corp. to Report Q1, 2023 Results on Aug 09, 2022

Espec Corp. Announces Year-End Cash Dividend for the Fiscal Year Ended March 31, 2022, Payable on June 24, 2022

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Espec Corp., Annual General Meeting, Jun 23, 2022

Less than half of directors are independent

Espec Corp. to Report Fiscal Year 2022 Results on May 13, 2022

Upcoming dividend of JP¥42.00 per share

Espec Corp. Provides Dividend Forecast for the Fiscal Year Ending March 31, 2022

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Second quarter 2022 earnings released: EPS JP¥11.35 (vs JP¥29.17 in 2Q 2021)

Upcoming dividend of JP¥18.00 per share

Espec Corp. Provides Consolidated Earnings Guidance for Six Months Ending September 30, 2021 and Full Year Ending March 31, 2022

Full year 2021 earnings released: EPS JP¥85.76 (vs JP¥123 in FY 2020)

Espec Corp. (TSE:6859) announces an Equity Buyback for 500,000 shares, representing 2.17% for ¥1,066.5 million.

Espec Corp. Provides Dividend Guidance for the Second Quarter for the Fiscal Year Ending March 31, 2022

Full year 2021 earnings released: EPS JP¥85.76 (vs JP¥123 in FY 2020)

Upcoming dividend of JP¥38.00 per share

Espec Corp. to Report Fiscal Year 2021 Results on May 14, 2021

New 90-day low: JP¥1,809

Espec Corp. Revises Consolidated Earnings Guidance for the Year Ending March 31, 2021

Third quarter 2021 earnings released: EPS JP¥19.64 (vs JP¥45.92 in 3Q 2020)

Revenue and earnings beat expectations

New 90-day high: JP¥2,029

Espec Corp. to Report Q3, 2021 Results on Feb 10, 2021

New 90-day high: JP¥1,951

Espec Corp. to Report Q2, 2021 Results on Nov 13, 2020

Espec Corp. to Report Q1, 2021 Results on Aug 07, 2020

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age