#Japan #Shinjuku #TKC #Executive Compensation #Y-BAST

Introduction to Y-BAST

The TKC Nationwide Association, headed by President Koji Sakamoto and located in Shinjuku, Tokyo, is set to release the FY2023 version of their comprehensive report titled "Executive Compensation and Retirement Allowances (Y-BAST)" on September 1, 2023. This report compiles extensive data on executive compensation and retirement benefits from over 100,000 companies, informed by a thorough investigation by 11,400 professional accountants and tax consultants.

What is Y-BAST?

Y-BAST is an annual publication that synthesizes detailed surveys regarding executive payments and retirement allowances for various firms across Japan. For this particular edition, as of April 2023, approximately 190,000 executives from an extensive array of companies have been surveyed to offer a well-rounded view of compensation landscapes in the country. Notably, this data collection emphasizes transparency and accountability in executive pay structures while aiding companies in making informed compensation decisions.

Key Features of the 2023 Edition

The FY2023 edition delivers a wealth of insights through three key components:

1. Monthly Executive Compensation Distribution Table: This tool showcases a frequency distribution of monthly compensation categorized by industry, region, and business size. It facilitates a visual understanding of how different roles are compensated relative to business scale.

2. Monthly Compensation Analysis Table: Here, firms are classified as profitable or loss-making and segmented by sector, region, and revenue size. Users can access average monthly salaries for various positions across these categories while also noting higher compensation benchmark figures, providing context to help executives appraise their salaries against similar roles in their industry.

3. Executive Retirement Allowance List: This section includes data collected over the past decade regarding retirement allowances for specific positions, categorized by industry, region, job title, business size, reason for departure, years of service, and payment resolution dates. It serves as a valuable database for companies to consider appropriate retirement payments relative to each executive's contributions and tenure.

Accessing Y-BAST Data

It's pertinent to note that the Y-BAST data is available solely to member firms of the TKC Nationwide Association that contributed to the research. The report is not offered for general sale or public consumption. Interested parties wishing to view this critical data should reach out to the nearest TKC member office for access.

Copyright Information

All rights pertaining to the Y-BAST publication belong to TKC Corporation. When referencing data from this report in academic papers or discussions, it's essential to include the following statement:

"The FY2023 version of 'Executive Compensation and Retirement Allowances' published by the TKC Nationwide Association includes compensation data from 101,787 companies and 191,105 executives, as well as retirement allowance data from 17,072 companies and 23,367 individuals. This comprehensive analysis offers a granular look at executive compensation within small and medium enterprises across Japan."

Conclusion

With the release of the FY2023 Y-BAST, TKC continues to uphold its commitment to fostering a data-driven culture within organizations regarding executive compensation. By making this reference material available, the TKC aims to cultivate fairness and transparency in how executives are remunerated, ultimately leading to better corporate governance practices across the board.

For more inquiries about this release, please contact Program Management at TKC Headquarters in Tokyo at 03-3266-9200.