FACT BOOK 2021

Text Size:

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.