Nissan Motor Co. President Carlos Ghosn was paid ¥988 million in fiscal 2012, reclaiming the title of top earner among executives of listed Japanese companies, Tokyo Shoko Research Ltd. said.
A total of 292 executives at 167 companies earned more than ¥100 million in the last fiscal year, close to the 295 executives at 172 companies seen in fiscal 2011, the research firm said.
In fiscal 2011, many of these 295 executives received huge retirement allowances. Toshio Kashio, the late former chairman of Casio Computer Co., was the leading earner, receiving some ¥1.333 billion.
In the last fiscal year, executives pocketing in excess of ¥100 million were employed mainly at automakers, which have benefited from the yen’s depreciation since late last year, and securities firms, which reported strong earnings on the back of a recovery in the Tokyo Stock Exchange.
Industrial machinery maker Fanuc Corp. paid 13 executives over ¥100 million, the highest number among the companies surveyed, while Takeda Pharmaceutical Co. rewarded five of its executives with remuneration of more than ¥100 million. Three of them each took home over ¥700 million, ranking second, third and fourth in terms of the amount, Tokyo Shoko said.
Meanwhile, Daiwa Securities Group Inc. awarded more than ¥100 million to five executives, up from zero in fiscal 2011.