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Reference News reported on August 19 According to a report by the Nikkei on August 6, the salaries of Japanese corporate executives are increasing. In 2023, the median salary of executives of 82 major companies was 280 million yen (about 1.9 million US dollars), an increase of 2% over 2022, setting a record high for three consecutive years. With multinational companies as the center, performance-linked salary systems and equity incentive systems are constantly being introduced, and their results are reflected in the excellent performance and high stock prices of companies, but improving the treatment of ordinary employees has become a future issue.

Willis Towers Watson, a well-known consulting firm, has compiled statistics on the salaries of CEOs and other senior executives of 591 companies in five countries, Japan, the United States, and Europe, with operating revenues of more than 1 trillion yen.

Japanese companies have always had a high proportion of fixed compensation, and investors believe that this does not provide enough incentive for management to increase corporate value. As the global competition for management talent intensifies, more and more companies are beginning to expand distribution methods such as performance-based wages and equity incentives.

Toyota Motor Chairman Akio Toyoda's remuneration for the fiscal year 2023 is 1.622 billion yen, up 62% from the previous year. This includes stocks worth 1 billion yen, accounting for about 60%. This is determined according to the standards of European companies.

Hitachi Ltd. President Keiji Kojima's salary reached 607 million yen, an increase of 38% from 2022.

The salary gap between companies is also widening. According to Willis Towers Watson, the average salary of executives in the top 10% of companies is 760 million yen, 480 million yen higher than the median.

At the same time, the pay gap between corporate executives and ordinary employees has widened. According to Deloitte Touche Tohmatsu, among Japanese companies with operating revenue exceeding 1 trillion yen in 2023, the median ratio of the president's salary to that of ordinary employees will be 12.6 times, an increase from 10.4 times in 2019. (Compiled by Li Ziyue)