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Additional Facts 2024

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  • ● Personnel and Labor Relations
  • Salary and Bonuses
Additional Facts
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Personnel and Labor Relations

Salary and Bonuses

(¥/month)

Fiscal Year 2022 2023 2024
Salary improvement 3,000 2,000 35,000
Salary increase 6,700 6,900 6,900
Total salary increase 9,700 8,900 41,900

Starting salaries

(¥/month)

Fiscal Year 2018 2019 2020 2021 2022 2023 2024
University graduates 211,500 213,000 213,000 213,000 218,000 224,000 265,000
High school graduates 168,500 170,000 170,000 170,000 175,000 180,000 210,000

Annual bonus payment

(¥1,000/year)

Fiscal Year 2017 2018 2019 2020 2021 2022 2023 2024
Standard amount 1,380 1,530 1,570 1,000 1,050 2,370 2,350 2,300
Summer 690 765 785 500 525 1,185 1,175 1,150
Winter 690 765 785 500 525 1,185 1,175 1,150

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 2019-2024.
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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