Septeni Holdings to Strengthen Human Investments, Including Raising Pay Scale to Enhance Human Capital Value of Nine Group Companies
Septeni Holdings Co., Ltd. (Head Office: Shinjuku-ku, Tokyo; Representative Director: Koki Sato; Securities Code: 4293; the "Company") will make human investments in raising the pay scale and raising the incentive subsidy rate for the Employee Stock Ownership Plan and strengthen investments in new ways of working and offices in April 2023 with the aim of enhancing its human capital value. *1
*1 "Pay scale raise" covers full-time employees of nine group companies that have introduced the same personnel system.
In recent years, "human capital management," which regards the human resources that make up a company not as "costs" but as "capital," creates value by investing in personnel and leads to medium- to long-term enhancement of corporate value, has become more important.
The Company has achieved business growth by hiring and developing talented human resources through proactive human investments. As part of the efforts, the Company has been using a vast amount of human resources data for more than 10 years to conduct research on people analytics using AI (machine learning) and other methods.
As the Company confirmed that it was able to improve the rate at which younger employees become more efficient as early as possible in the research, it raised the basic pay substantially in October 2017. As a result, although there was a temporary decrease in profits, the Company confirmed the rationality of human investment from a long-term perspective. For example, the Company improved the value provided to customers due to an increase in the value of human capital and generated profits of approximately 2.5 times as compared to before the implementation of the measures at the end of five years.(*2)
Against this background, the Company has decided to raise the pay scale in April 2023.
At the same time, in order to support employees' asset-building and foster a sense of employee ownership, the Company will strengthen the overall personnel system, such as increasing the rate of incentive subsidy for the Employee Stock Ownership Plan from the current 10% to 20%.
In addition, the Company introduced a work-from-home system to prevent the spread of COVID-19 in late February 2020. Given that the Company has achieved positive outcomes such as progress in flexible working styles and cost management of sales activity-related expenses, it will introduce this system as a formal system and invest in offices as new working styles are established.
The Septeni Group will continue to actively invest in human capital and build a system that will enable employees to improve their job satisfaction and maximize their performances. In this way, the company will aim to achieve sustainable growth of corporate value and work to realize our mission of "To inspire the world with entrepreneurship."
【Details of New Human Investment】
■Pay scale raise
In April 2023, the Company will raise the basic pay for the full-time employees of nine group companies by about 0.8 million yen per year (about 1 million yen per year for some qualifications).
■Increase in the rate of incentive subsidy for the Employee Stock Ownership Plan
Effective April 2023, the Company will increase the incentive subsidy rate for the Employee Stock Ownership Plan from the current 10% to 20%. In this way, the Company will support the long-term asset-building of employees. In addition, through the acquisition and holding of the Company's shares, the Company will strive to foster a sense of ownership and increase motivation for work by having employees themselves take a shareholder perspective.
■Strengthen investments in working styles and offices
Since late February 2020, the Company has been encouraging a work-from-home system as a measure to prevent the spread of COVID-19. Given that the Company has achieved positive outcomes such as progress in flexible working styles and cost management of sales activity-related expenses, it will introduce this system as a formal system in April 2023 and renovate the head office in accordance with the establishment of new working styles.
Septeni Holdings Co., Ltd., Public Relations Department, Public Relations Division, Kofunato & Onuma
■Overview of Septeni Holdings Co., Ltd.
Major Business Activities: Holding company that oversees corporate groups engaged
mainly in Internet businesses
Head office: Sumitomo Fudosan Shinjuku Grand Tower 30F, 8-17-1, Nishishinjuku,
Shinjuku-ku, Tokyo, Japan
Representative: Representative Director Koki Sato