Tokio Marine & Nichido Fire Insurance Co. plans to increase its starting monthly salary for university graduates joining the company from April 2026.
The new salary could reach up to ¥410,000 (US$2.6k) for employees who agree to relocate far from their current home, sources told Japan’s Jiji Press. The aim of the increase is to “secure and retain excellent human resources amid continuing labour shortages in Japan.”
Under the proposed plan, career-track employees who relocate will see their monthly salary rise by up to ¥130,000 from the current maximum of ¥280,000.
Tokio Marine is also looking to eliminate its area-based career-track roles, which restrict employees to specific locations, by fiscal year 2026, the sources said. The company will merge these roles into its general career-track positions, which offer more flexibility in work location.
A formal decision on the moves is expected to be made following consultation with the labour union.
