Mitani Sangyo Increases Starting Salary for University Graduates from 230,000 to 280,000 Yen

Mitani Sangyo Co., Ltd. (hereinafter 'Mitani Sangyo') has decided to raise the starting salary by a uniform 50,000 yen for new graduates joining on April 1, 2027, including university graduates, graduate school graduates, and national college of technology graduates. As a result, the starting salary for university graduates will increase from 230,000 yen to 280,000 yen per month. Simultaneously, the company will revise the salary levels for all full-time Mitani Sangyo employees, implementing a flat base pay increase of 30,000 yen per month (360,000 yen per year). In addition to this base pay increase, annual performance-based raises will continue to be conducted.

Mitani Sangyo promotes its management policy of 'Becoming a Special Company for Our Customers,' focusing on high efficiency, high profitability through a merit-based approach, and improved employee welfare. We position our human resources strategy, which serves as the foundation of this policy, as the 'source of sustainable growth' and are developing an environment where employees can work with peace of mind and maximize their potential.

Based on this philosophy and taking into account current inflation and changing social conditions, we are increasing the starting salary for new graduates to attract top talent to drive future business growth. We have also decided to revise the salary levels for all current full-time employees to further strengthen the acquisition and retention of talent that will support long-term growth. The scale of this base pay increase for all full-time employees is the largest since Mitani Sangyo introduced its current wage system in 1999.

This salary revision aims to improve stability in employees' daily lives and facilitate future planning by uniformly raising the monthly salary level, which is less susceptible to performance fluctuations. However, Mitani Sangyo’s appeal goes beyond monthly salary levels. We offer generous welfare benefits, particularly in housing-related subsidies.

Housing-related subsidy system: Company-owned housing/dormitories, leased housing/dormitories, housing allowance, and loans for housing acquisition.
Other unique welfare benefits: Scholarship allowance system covering up to the full tuition for children's university, Health Keeper system providing massages for employees, and company-owned vacation facilities.

Other personnel systems (excerpt):
1. Systems to promote a better work-life balance: Telework system, staggered working hours, flextime system, 3-day workweek system, and an indefinite continuous employment system that effectively abolishes mandatory retirement.
2. Systems to promote employee growth: Hierarchical training for employees from their first to fifth year, a system allowing employees to spend 10% of working hours experiencing other departments, and an exploratory prototyping support system to encourage new business creation.

Comment from President and CEO Tadateru Mitani: 'This change in starting salary and the revision of our wage table are investments in the next generation of talent who will lead Mitani Sangyo's future value creation, and a way to reward the efforts and ingenuity of our current employees. By creating an environment where each employee can maximize their potential, we will strive to further improve our corporate value.'