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Business

Japan execs earning 100m yen reaches new high

Strong profits helped lift pay in fiscal 2016

Nikesh Arora

TOKYO -- A record number of executives at Japan's listed companies received at least 100 million yen ($890,000) in compensation last fiscal year amid solid bottom lines.

Though the companies' aggregate revenue slipped in the year ended March 2017, total net profit hit a record high, which translated into higher compensation for executives. There were 457 such executives last fiscal year, up 43 from the year before, according to Tokyo Shoko Research data culled from securities filings submitted through Friday.

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