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FACT BOOK 2021

  • HOME
  • Basic Facts About Nippon Steel
  • ● Personnel and Labor Relations
  • Wages and Bonuses
Basic Facts About Nippon Steel
  • ● Group's Guiding Principles · Employee Action Guidelines
  • ● Overview
  • ● Executive Management and Fellows
  • ● Organization
  • ● Business Plan
  • ● Business Integration among Group Companies
  • ● Global Network
  • ● Environmental Considerations
  • ● Strategies of digital transformation
  • ● Personnel and Labor Relations
    • Employees
    • Wages and Bonuses
    • Working Hours
    • Holidays and other support programs for child-rearing and nursing care
    • Benefit Program
    • Sporting Activities
    • Cultural Activities
    • Reference : Organization of Labor Unions
  • ● Financial Summary
  • ● Steelmaking Operations
  • ● Power Supply
  • ● World Steel Industry
  • ● Engineering and Construction
  • ● Chemicals and Materials
  • ● System Solutions
  • ● Research and Development
  • ● Social Contributions
  • ● Investor Relations
  • ● Public Relations
  • ● Subsidiaries and Affiliates
  • ● Directory of Nippon Steel

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Personnel and Labor Relations

Wages and Bonuses

Starting salaries

(¥/month)

Fiscal Year 2014 2015 2016 2017 2018 2019 2020 2021
University graduates 203,500 204,500 205,500 210,000 211,500 213,000 213,000 213,000
High school graduates 160,000 161,000 163,500 167,000 168,500 170,000 170,000 170,000

Annual bonus payment

(¥1,000/year)

Fiscal Year 2014 2015 2016 2017 2018 2019 2020 2021
Standard amount 1,610 1,700 1,410 1,380 1,530 1,570 1,000 1,050
Summer 805 850 705 690 765 785 500 525
Winter 805 850 705 690 765 785 500 525

The standard amount of bonus is determined by a method linked to business performance.
The following formula was adopted up to fiscal 2015.
The standard amount per employee = ¥1.2 million + the previous fiscal year’s non-consolidated ordinary profit × ¥10,000 / ¥5,495 million

  • *

    In case ordinary profit is less than ¥25 billion, the standard amount is to be determined by negotiation between the management and the labor union.

The following formula is adopted in fiscal 2016-2018.
The standard amount per employee = ¥1.2 million + the steelmaking segment’s consolidated ordinary profit for the previous fiscal year × ¥10,000 / ¥7,463 million

  • *

    In case the steelmaking segment’s consolidated ordinary profit is less than ¥34 billion, the standard amount is to be determined by negotiation between the management and the labor union.

The following formula is adopted in fiscal 2019-2021.
The standard amount per employee = ¥1.2 million + the steelmaking segment’s business profit for the previous fiscal year × ¥10,000 / ¥7,463 million

  • *

    In case the steelmaking segment’s business profit is less than ¥34 billion, the standard amount is to be determined by negotiation between the management and the labor union.
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