Nikon Japan to hire 570 new recruits, current employees will get 3%-20% salary increase and new performance-linked bonuses

Nikon Japan is planning to hire 570 new graduates and mid-career recruits in Japan (roughly doubling the number from the previous fiscal year)

Nikon Japan will also increase from 3% up to 20% the salaries of their current employees and will implement new performance-linked bonuses. I assume this is valid only for employees in Japan, but hopefully it will impact also Nikon employees worldwide.

Additional information:

About raising the annual income level of employees

Up to about 20% increase in annual income per person

September 29, 2022

Nikon Corporation (President: Toshikazu Umatate, Minato-ku, Tokyo) has decided to raise the annual salary level of its employees. As a result, the annual income level of employees will increase by an average of about 3% compared to the current system, and a maximum of about 20% per person *1 .

Nikon is making strategic investments in human capital and implementing management strategies to realize its vision for 2030, which is set out in its current medium-term management plan, as “a core company in society co-created by people and machines.” We are strengthening the acquisition, development, and active participation of human resources.

Already in 2018, we abolished the evaluation and treatment system with strong seniority elements, and introduced a so-called job-type personnel system that emphasizes the level and performance of the duties and roles in charge, regardless of age or gender. We are reforming.

In addition, in fiscal 2022, we plan to hire 570 new graduates and mid-career recruits for the entire Nikon Group in Japan, roughly doubling the number from the previous fiscal year *2 . The annual salary increase is part of this initiative, and we intend to reward our employees for their success more than ever, and to continuously secure diverse human resources with high levels of expertise. .

*1Efforts by Nikon Corporation
*2Announced on April 14, 2022

Overview of Annual Income Level Raise

From October this year, we will raise the level of performance-linked bonuses for all employees when they perform well. In addition, we will raise the wages of managers and above, and human resources with particularly high levels of expertise, and expand the range of bonuses based on individual performance.

Furthermore, we will raise the starting salary for new graduates as shown in the table below for new graduates who join us from April 2023 onwards. In line with this, starting in July this year, the wages of employees up to six years after joining the company will be increased by up to 20,000 yen per month.

As a result, if the full-year operating income for this fiscal year is projected to be 55 billion yen *3 , the annual income level of employees will increase by an average of about 3% compared to the current system, and a maximum of about 20% per employee. .

*3Announced on August 4, 2022

Starting salary for new graduates

PhD master’s degree Bachelor’s degree Junior college/technical college graduate high school graduate
Amount raised +20,000 yen +20,000 yen +20,000 yen +15,000 yen +10,000 yen
Starting salary after increase *4 300,000 yen 252,000 yen 230,000 yen 198,000 yen 179,000 yen

※Four In addition to the above-mentioned amount, a uniform monthly payment of 30,400 yen as “defined contribution pension equity”

Going forward, Nikon will continue to aim for sustainable improvements in corporate value by actively investing in human resources, such as providing competitive treatment and creating an environment in which individuals can demonstrate their abilities to the fullest.

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