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.