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Bloomberg
Japanese companies are set to raise winter bonus payments by 9.7%, the largest gain since 1975, a survey by Nikkei newspaper reported.
Steel makers led all industries in bonus increases, while semiconductors saw several companies reporting record profit led by strong demand.
Disco Cor, a maker of precision processing equipment, paid ¥3.16 million, the highest level among all companies, according to the survey. Nippon Steel Corp raised its bonus payments by 2.3 times to ¥1.18 million.
The payout was ¥863,059 ($6,312) per person on a weighted average basis, the highest level since 2018. Bonuses among manufacturers, which make up about 70% of the 511 companies surveyed by the newspaper, rose 9.3%, while non-manufacturers increased by 11%.