UNIQLO and its parent company Fast Retailing (06288.HK) announced that starting in March, the salary structure in Japan will be adjusted to enhance the company's Global competitiveness and growth potential, significantly increasing investment in talent. After the revision, the salaries for full-time headquarters and sales employees will be raised by an average of 11%, with the maximum salary increase potentially reaching 54%.
For new employees, monthly salaries will increase from 0.03 million yen to 0.33 million yen, an increase of about 10%, resulting in an annual salary exceeding 5 million yen after including bonuses. Fast Retailing stated that the company will review the salary structure in markets outside Japan to maintain Global competitiveness in the Industry.