TOKYO -- Japanese cosmetics maker Shiseido says it is aiming for 40% of its managerial positions to be filled by women by 2020, raising the target after achieving its 30% goal this month.
The Japanese government has set a goal for 30% of leadership roles to be filled by women by the year 2020.
Shiseido, a company with 80% female employees, has a high ratio of women in management for a Japanese company. Using the new target, the Tokyo-based company hopes to bolster women's leadership development to eventually reach gender parity in managerial positions.
Ahead of other corporations, Shiseido has set up systems to accommodate female staff, such as shorter working hours for mothers. While expanding such approaches, it also sees the need to push for women's career advancement. Lecturers from inside and outside the company will be invited to speak to employees on the topic.
Businesses with more than 300 employees are required under a Japanese law passed in April 2016 to establish concrete plans and targets to foster women's career advancement.
Shiseido's new target may help push other companies to reach their goals early as well.