FACT BOOK 2021
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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
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*
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
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*
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
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*
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.