Any company in the UK that employs over 250 people is supposed to have submitted their gender pay gap estimates by the end of this month. Only around half of the 9000 companies who qualify have complied. We ran our Top 30 Japanese companies through the Financial Times’ useful search and comparison tool and found that 12 have not submitted any data, and some have only submitted data for one or two subsidiaries – for example Hitachi group, which has submitted data for Hitachi Consulting, but not for Hitachi Vantara, Hitachi Rail or Horizon Nuclear Power, all of whom would qualify.
The average pay gap of those who did submit data is around 13%, slightly lower than the national average of 18%. There are some interesting patterns in that there is a gender pay gap in women’s favour in the automotive and tyre businesses – Kwik-Fit and Stapletons (both owned by Itochu) and Micheldever (acquired by Sumitomo Rubber in 2017) and also Toyota Motor Manufacturing and NSG Pilkington Automotive. Looking at the detail on the FT site, it seems this is to do with there being a lot of men in the lower paid jobs (presumably tyre fitting, shopfloor, delivery) and some well paid women in the higher paid, presumably managerial/executive jobs.
The gender pay gap is particularly bad in finance, although no worse for Japanese banks than for other UK based financial services companies.
The wooden spoon goes to Fujifilm, with a 41% pay gap, who also get our wooden spoon for being the biggest laggard in filing their annual reports at Companies House, meaning we have only just been able to finalise our Top 30 for 2016/7 as of today.
As you can see from the table below, there has been a small increase (1.4%) in the number of people employed by the larger Japanese companies in the UK, but this is distinctly lower than the 7.4% increase the previous year and is mainly explained by growth at ARM, as promised by SoftBank, and the workforce increases at manufacturers like Honda, Unipres and Hitachi Rail. We’ll have to wait until the final figures come out in the summer for the European region to see whether the UK is lagging behind significantly.
|Top 30 Japanese employers in the UK (March 29 2018) & gender pay gap|
|Rank||Company||UK employees 2016-7*||UK employees 2015-6||UK employees 2014-5||UK change 15/16||UK change 16/17||Gender gap|
|3||Honda Motor Europe (sales)||6,539||5,430||5268||3.1%||20.4%||
|Honda of the UK Manufacturing||4.5%|
|Stapleton’s (Tyre Services)||-24.9%|
(Hitachi Consulting )
|6||Mitsubishi Corp (primarily Princes Foods)||3,532||3,482||1767||97.1%||1.4%||N/A|
|Ricoh UK Products||10.4%|
|Toyota (GB) (sales)||29.7%|
|10||Dentsu Aegis London||2,757||2,589||2127||21.7%||6.5%||
|Dentsu Aegis Manchester||1.8%|
|14||NSG Pilkington Automotive||2,128||2,167||2128||1.8%||-1.8%||
|Pilkington Technology Management||31.7%|
|15||Mitsubishi UFJ Financial Goup||1,987||2,069||2100||-1.5%||-4.0%||N/A|
|17||NYK Group (Yusen Logistics)||1,855||1,919||1780||7.8%||-3.3%||
|18||Mitsui Sumitomo & Aioi Nissay Dowa (Insure The Box)||1,809||1,765||305||478.7%||2.5%||
|21||Sumitomo Rubber (Micheldever Tyre Services)||1,543||-19.9%|
|Fujifilm Speciality Ink Systems||8.70%|
|26||Sumitomo Corporation (Howco Group)||1,249||1,405||1350||4.1%||-11.1%||
|29||Sumitomo Mitsui Banking Corporation||1019||946||871||8.6%||7.7%||34.9%|
©Rudlin Consulting Ltd
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