A record number of 635 Japanese executives received more than 100 million yen in salary in 2021

Data from Japan

Economy

The highest amount of individual compensation was 4.34 billion yen, received by Z Holdings director Shin Jung-ho.

A total of 635 executives received individual annual compensation of more than 100 million yen at 273 Japanese companies, according to securities reports from 2,344 companies that were submitted as of five o’clock in the afternoon on June 30. 2022. This was an increase from the 571 executives reported in 2019, before the COVID-19 pandemic.

This disclosure is in accordance with a Cabinet Office order, which since March 2010 requires companies to report the total amount of compensation for executives earning more than 100 million yen as well as the total amount by type (including the compensation of basis, stock options, bonuses and pension benefits) in their securities reports.

According to Tokyo Shōkō Research, the highest amount of individual compensation was 4.34 billion yen, received by Z Holdings director Shin Jung-ho. The majority of that compensation, 4.15 billion yen, came from consolidated subsidiary Line, Japan’s most popular social media app. The second highest was 1.90 billion yen received by Koutsū Sangyō chairman Kurotsuchi Hajime, followed by 1.89 billion yen which went to Sony chairman and president Yoshida Ken’ichirō.

Eight people received more than 1 billion yen in compensation, an increase of three people from the previous year.

Highest paid executives in Japan (period ending March 2022)

By company, the company with the most executives with more than 100 million yen in salary was Hitachi with 18. Mitsubishi UFJ Financial Group was the second highest with 13.

Number of senior executives with compensation over 100 million yen

(Originally published in Japanese. Banner photo © Pixta.)

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