#Japan #Tokyo #Employee Engagement #Human Capital #Odakyu Real Estate

Odakyu Real Estate to Launch Human Capital Enhancement Initiatives for 2026

Odakyu Real Estate Co., Ltd., headquartered in Shibuya, Tokyo, has announced its ambitious human capital enhancement plan, effective from fiscal year 2026. This initiative aligns with their sustainability vision, titled “Walk Together – Leveraging Trust for Growth,” aimed at fostering a vibrant and dynamic workplace for all employees. The strategy includes three main components:

1. Salary Increases – Average salary increases of approximately 13.9% compared to the previous year.
2. Group Residence Operations – Launch of a new housing project for group employees.
3. Childcare Support Leave – Introduction of new leave policies and expansion of existing measures to support employees with children.

Objectives and Goals

The main goal of these initiatives is to create an environment where employees can thrive and feel their individuality is celebrated. By bolstering employee engagement and meeting the diverse needs of the workforce, Odakyu aims to attract and retain top talent.

Detailed Overview of Salary Increases

Since 2023, Odakyu has implemented a series of salary increases totaling approximately 15.7% over three years. With the recent economic climate, characterized by rising prices, competitive talent acquisition challenges, and escalating wage policies, these increases seek to provide job security and stabilize the cost of living for employees.

• - 2023 Update: Approximately 4.6%
• - 2024 Projection: Approximately 6.3%
• - 2025 Projection: Approximately 4.78%

The new salary adjustments are grounded in Odakyu's sustainability management focus on employee well-being. This commitment is encapsulated in the theme “We Are Happy,” aimed at establishing a supportive work environment and fostering mutual growth between individuals and the organization.

Key Salary Increase Metrics for 2026:

• - Entry-Level Salary: 300,000 yen (increased by 10,000 yen from 2025)
• - Monthly Base Salary Increase: Average of 55,708 yen, with a maximum increase of 270,000 yen
• - Annual Salary Increase: Average of 13.9%
• - Effective Date: Salary changes to be applied starting April 1, 2026, corresponding to payments made that month.

Launching Group Residence Operations

Commencing in March 2026, Odakyu will offer newly renovated residences in Yamato City, Kanagawa Prefecture, specifically designed to strengthen recruitment capabilities within the group. With a total of 95 units, this residential complex will serve Odakyu employees.

Renovation and Sustainability Focus

The renovations were carried out in collaboration with the Atsugi City Forestry Association, utilizing underused wood resources. This aligns with Odakyu's commitment to sustainability, aiming to promote forest conservation and a circular economy by providing an eco-friendly living environment. The renewed living spaces feature:

• - Full renovations with new flooring, walls, ceilings, and state-of-the-art amenities in kitchens, bathrooms, and washrooms.
• - An independent living setup allowing employees to maintain their routines efficiently.

Strengthening Recruitment Across the Group

The new residences will be available for use by various group companies, enhancing recruitment efforts and ensuring a quality workplace experience for future talents. Furthermore, designed to encourage community building, the lounge area will facilitate connections among group employees.

Enhancing Community Consciousness

Employees residing in the new residential complex will be encouraged to participate in local activities to cultivate a deeper understanding and appreciation of the community surrounding Odakyu. This approach aims to create a workforce that can effectively represent and contribute to the region, aligning with Odakyu's vision of creating value within the community.

Residence Conditions:

• - Employee Contribution: 10,000 yen per month (additional utility costs apply)
• - Eligibility: New hires under the age of 30, involved in community activities.

Expanding Child Support Leave Policies

Recognizing the diverse needs of employees raising children, Odakyu is introducing flexible leave options. Newly introduced policies allow for up to ten days per year of unpaid leave for child-related activities, which may include school events or health issues.

• - Age Eligibility: Applicable for children up to the 6th grade of elementary school.
• - Expansion of Shortened Work Hours: Previously limited to elementary school 4th graders, now inclusive up to 6th grade.

Odakyu Real Estate is committed to successfully implementing these human capital enhancement initiatives by 2026, reflecting its dedication to a sustainable future, employee well-being, and community involvement. As they progress in these plans, Odakyu seeks to embody corporate values that resonate with their employees and the society at large.