Tokyo Shoko Research’s “Survey of Average Salaries at Listed Companies” found that the average annual salary at listed companies was ¥7,787,744, up 4.0% from the previous fiscal year. This was also well above the average for regular employees in the private sector. The listed company with the highest average annual salary maintained a level of more than ¥20 million.
Based on financial results for fiscal 2025, a weighted average of salary data from 3,123 listed companies showed that the average annual salary at listed companies was ¥7,787,744, an increase of 4.0% from the previous year. The gap with the average for regular employees in the private-sector salary statistics was ¥2,338,744, widening for the fifth consecutive year.
HULIC had the highest average annual salary at ¥22,954,000, an increase from the previous year that kept it in the ¥20 million range. M&A Capital Partners ranked second at ¥22,658,000, followed by KEYENCE at ¥21,783,000, Integral at ¥21,356,000 and Mitsubishi Corporation at ¥21,125,000. The top 7 companies each exceeded ¥20 million.
Global Link Management had the highest growth in average annual salary, up 48.3% from ¥8,908,000 to ¥13,218,000. The increase was attributed to factors including the development of its compensation system and higher starting salaries for new graduates. Construction ranked first by industry at ¥9,535,000, rising from the previous fiscal year to take the top spot for the first time in 4 years. Retail had the lowest average at ¥5,508,000.
The survey extracts average annual salaries and employee numbers from securities reports and calculates a weighted average by dividing total salaries by the total number of employees. The median was calculated at the company level.