ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Business

Matsui Securities to offer extra bonus to all employees

TOKYO -- Matsui Securities will distribute a lump-sum payment separate from regular bonuses to each of its employees at the end of March, a way to share the online brokerage's sharp profit gains.

     The payment will likely average 1 million yen ($9,678) per full-time worker. In addition to some 120 such employees, the securities company will also hand out a lump sum to temporary workers and contractors. The firm will make the payment to around 280 workers.

     Matsui Securities pays bonuses to full-time employees every April, based on the previous fiscal year's performance. This regular bonus last year averaged 1 million yen per worker. This year's will likely be around the same level thanks to sharp earnings growth. The company's net profit for the April-December period more than quadrupled on the year to roughly 13 billion yen.

     Combined with the special lump-sum payment, a full-time employee would receive more than 2 million yen.

     Industry peer kabu.com Securities in October raised the monthly pay of all employees by an average of 3.44%. Nomura Securities and Daiwa Securities are moving to increase pay for some employees, mainly those in their 20s, by 2-3% starting in April.

     With Prime Minister Shinzo Abe urging employers to boost pay to prime the economic pump, the trend could spread to other industry sectors with strong earnings.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media