Japanese eatery chain operator Toridoll Holdings has announced it will raise the annual income of managers at Marugame Seimen udon noodle restaurants to up to ¥20 million (about $136,000) to attract talent amid a declining labor force.

The company will introduce a new human resources system in November, aiming to produce roughly 10 store managers earning about ¥20 million a year by around 2028. Under the new system, store managers' remuneration will be determined based on store performance and analyses of feedback from employees and customers.

"We want to make (the new system) a great engine for growth," company President Takaya Awata told a news conference Wednesday, and indicated that the company may extend the plan to other restaurant chains in the group.