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Business trends

Million-dollar executives multiply in corporate Japan

Increase in performance-based incentives aims to lure global talent

Clockwise from top left, Sony's Kazuo Hirai, SoftBank's Rajeev Misra, Takeda's Christophe Weber, Sony's Kenichiro Yoshida, Toyota's Didier Leroy and Lixil's Kinya Seto.
Clockwise from top left, Sony's Kazuo Hirai, SoftBank's Rajeev Misra, Takeda's Christophe Weber, Sony's Kenichiro Yoshida, Toyota's Didier Leroy and Lixil's Kinya Seto.

TOKYO -- The number of Japanese executives paid at least 100 million yen ($903,000) annually topped 500 for the first time last fiscal year as global competition for talent spurred broader use of lucrative Western-style compensation structures.

A total of 538 senior officials at listed companies that closed their books in March made 100 million yen or more in fiscal 2017, up 15% on the year, according to data compiled by Tokyo Shoko Research from financial filings. A record 240 companies reported having such executives, 17 more than in fiscal 2016.

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