Square Enix Holdings has announced that it will be raising the base salaries of all of its Japanese employees from April 2023 to improve its capability to recruit talent. Square Enix also believes that this move will allow its employees to create content “amidst external factors like price rises and fluctuations”.

Salaries are expected to rise by an average of 10% across the board, new graduates of four-year university courses will get the highest increase (27%). This will also apply to recently hired graduates. Bandai Namco and Capcom also confirmed that they would be increasing salaries following strong financial performances.

Statement via Square Enix Holdings:

SQUARE ENIX CO., LTD. (the “Company”) will raise its employees’ base pay as of April 2023. The base pay of permanent employees will rise by an average of 10%. In the case of new-graduate hires, the increase is an average rise of 27% (288,000 JPY per month) in the starting salaries of new-graduates of four-year universities joining the Company.

The Company believes that keeping the safe and secure working environment, which encourages employees to unleash the maximum of their creativity, is essential for sustainable growth, thus have been implemented various HR-related measures. Furthermore, the Company decided to raise employees’ base pay, in the context of external trend such like current price increase, with the intention of enabling employees continuously focuses to create further fascinating contents while at the same time enhancing talent acquisition.

The increases, which will take effect on April 1, 2023, are to be applied at SQUARE ENIX CO., LTD. (Japan) and SQUARE ENIX HOLDINGS CO., LTD. (Japan).

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