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FACT BOOK 2022

Basic Facts About Nippon Steel

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Personnel and Labor Relations

Salary and Bonuses

(¥/month)

Fiscal Year 2022
Salary improvement 3,000
Salary increase 6,700
Total salary increase 9,700

Starting salaries

(¥/month)

Fiscal Year 2016 2017 2018 2019 2020 2021 2022
University graduates 205,500 210,000 211,500 213,000 213,000 213,000 218,000
High school graduates 163,500 167,000 168,500 170,000 170,000 170,000 175,000

Annual bonus payment

(¥1,000/year)

Fiscal Year 2015 2016 2017 2018 2019 2020 2021 2022
Standard amount 1,700 1,410 1,380 1,530 1,570 1,000 1,050 2,370
Summer 850 705 690 765 785 500 525 1,185
Winter 850 705 690 765 785 500 525 1,185

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

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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 2019-2022.
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.