Japan's Mitsui O.S.K. ties worker bonuses to return on equity

Hitting marine shipper's 10% target would result in $33,000-plus payout

20240401N ship

Mitsui O.S.K. Lines sees return on equity coming to 11% for fiscal 2023, just above its medium-term target. (Mitsui O.S.K.)

JUNYA HEMMI, Nikkei staff writer

TOKYO -- Japanese marine shipping company Mitsui O.S.K. Lines will start linking employee bonuses to its return on equity, aiming to encourage workers to consider the perspective of investors.

Bonuses are currently negotiated by labor and management, with pretax profit as a basis. The switch to ROE as a benchmark will cover the roughly 1,700 workers at Mitsui O.S.K.'s head office starting in fiscal 2024.

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