To realize our Vision for 2030, we consider it imperative to adapt to the constantly changing market environment and evolve into a company which will successfully achieve sustainable growth. The key to this is developing a corporate culture that enables continuous taking on of challenges, change, and growth. We believe that in order to do this, it is important that we pay compensation suitable for the duties and responsibilities of each employee and that we draw out the maximum potential of each individual.
As a first step toward achieving this, we revised the personnel system for managerial track employees and introduced a job grade system in July 2023. Job value is determined based on factors such as job responsibilities, degree of difficulty, and impact, and we provide opportunities to participate by enhancing the alignment between job duties and responsibilities with compensation, regardless of age or duration of employment, thereby improving the motivation of all managerial track employees. In conjunction with system reforms, we also extended the mandatory retirement age for managers and created a system for senior employees (employees over the age of 65). In addition, to achieve the objectives of the personnel system for managerial track employees, we introduced a career challenge program (in internal recruiting system) in December 2023.