FACT BOOK 2023
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Personnel and Labor Relations
Salary and Bonuses
(¥/month)
| Fiscal Year | 2022 | 2023 |
|---|---|---|
| Salary improvement | 3,000 | 2,000 |
| Salary increase | 6,700 | 6,900 |
| Total salary increase | 9,700 | 8,900 |
Starting salaries
(¥/month)
| Fiscal Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| University graduates | 210,000 | 211,500 | 213,000 | 213,000 | 213,000 | 218,000 | 224,000 |
| High school graduates | 167,000 | 168,500 | 170,000 | 170,000 | 170,000 | 175,000 | 180,000 |
Annual bonus payment
(¥1,000/year)
| Fiscal Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Standard amount | 1,410 | 1,380 | 1,530 | 1,570 | 1,000 | 1,050 | 2,370 | 2,350 |
| Summer | 705 | 690 | 765 | 785 | 500 | 525 | 1,185 | 1,175 |
| Winter | 705 | 690 | 765 | 785 | 500 | 525 | 1,185 | 1,175 |
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 2019-2023.
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.