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Executive Compensation Insights for 2023

On September 1, 2023, the TKC National Association, headed by Chairman Takashi Sakamoto and based in Shinjuku, Tokyo, commenced the web-based provision of the 2023 edition of "Executive Compensation and Retirement Benefits (Y-BAST)". This extensive data set includes salary and pension information for over 100,000 companies and 190,000 executives, gathered from a meticulous survey conducted by the association's 11,600 members consisting of tax accountants and certified public accountants.

Key Highlights of the 2023 Edition

According to the findings, the average monthly salary of presidents at companies that have achieved two consecutive years of profit has seen a positive shift, increasing by 23,000 yen compared to the previous year, with an overall growth rate of 102.4%. The detailed comparisons of salary trends across various industries underscore this upward trajectory.

Salary Comparison Table for Profitable Companies

The following table showcases the year-on-year differences in the presidential salaries of companies that reported profits for two successive years.



Note: This statistical information is exclusively provided to TKC member firms that have participated in the survey and is not available for general distribution or sale. Interested parties may contact their nearest TKC member office for access to the data.

Understanding Y-BAST

The "Executive Compensation and Retirement Benefits (Y-BAST)" report, released by the TKC National Association, is an annual publication meticulously compiled from data provided by its members about the executive compensation and retirement benefits of associated companies, as of April 2023.

Key Details of the 2023 Edition

1. Launch of the 2023 Report: September 1, 2023
2. Recipients: The report is shared exclusively with the member firms of TKC that participated in the study.
3. Contents Provided: The member firms utilize various processed data categorized by industry, region, and business size to inform their decision-making regarding executive compensation and retirement benefits for their clients.
- Monthly Salary Distribution Table: This table provides a frequency distribution of monthly salaries categorized by business scale and type, allowing firms to visualize the compensation levels by role.
- Monthly Salary Analysis Table: This analysis differentiates between profitable and unprofitable firms and categorizes companies by industry, region, and sales figures, showcasing average monthly salaries segmented by role. Noteworthy is the inclusion of upper quartile salaries as examples of higher compensation levels.
- Retirement Benefit List: This database contains data collected over the past decade regarding retirement benefits, categorized by industry, region, role, business scale, reason for resignation, length of service, and decision date. This serves as a valuable database for pre-evaluating appropriate retirement benefits based on contributions to the firm.

Copyright Information for Y-BAST

The rights to the "Executive Compensation and Retirement Benefits (Y-BAST)" document are vested in TKC Corporation. Permission from TKC is required for any citations or references of the contents in reports or other works. When citing or referencing, the following statement must be included:
"The 2023 edition of Executive Monthly Compensation and Retirement Benefits (published by TKC National Association) includes data on compensation from 100,940 enterprises and 189,282 executives, and retirement benefit data from 16,981 companies and 23,042 executives. This comprehensive dataset was thoroughly compiled by professional accountants affiliated with TKC, focusing on the monthly compensation and retirement benefits of executives in small to medium enterprises, as of the end of April 2023."