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Nikkei Woman and Nikkei Womenomics Project
Conduct Survey on Female Worker's Workplace Opportunity

"100 Best Companies Where Women Actively Take Part" 2022
Shiseido - Tops in Overall Ranking

Tokyo - May 7, 2022 - Nikkei Woman, a women's career and their lifestyle magazine published by Nikkei Business Publications (President & CEO: Naoto Yoshida, Tokyo), conducted the "Survey on Female Workers' Workplace Opportunities" together with Nikkei Womenomics Project of Nikkei Group and announced the 2022 version of the"100 Best Companies Where Women Actively Take Part." The overall ranking based on the survey responded by 535 companies was unveiled in the June issue of Nikkei Woman (on sale May 7). The survey has been conducted irregularly by Nikkei Woman since its launch in 1988, and the 2022 version marked the 20th time.

From the two perspectives of how female workers are motivated and how they are treated and/or appointed, the survey measures the present state of how women's abilities are utilized in the workforce under the following four categories: 1) promotion to managerial positions, 2) active use of women's ability, 3) work-life balance, and 4) diversity of human resources (category title changed from diversity workstyle promotion). The measurements are then scored, and deviation values calculated from the total scores are compiled as overall scores and rankings are made accordingly. The summary of the survey results are as follows:
The total scores (deviation value) are rounded to one decimal place. If companies with same score are ranked differently on the list of overall rankings and/or each category rankings, it means there are differences in below the second decimal place.

Overall Ranking Top 10 Companies
Rank Company Score
1 Shiseido 78.0
2 Resona Holdings 76.5
3 Aflac Life Insurance Japan 75.2
4 Daiwa Securities Group 74.8
5 Sompo Japan Insurance 74.6
6 Takashimaya 74.3
7 Mitsui Sumitomo Insurance 73.2
8 Aeon 73.0
9 Japan Post Bank 73.0
10 Pasona Group 72.9

Shiseido was ranked top in this year’s overall ranking (5th in 2021 overall ranking). The company has introduced since 2021 “Shiseido Hybrid Workstyle” that flexibly combines remote working and working in office. At the same time, it reformed its hierarchy-specific training for female employees and improved the ratio of female managerial positions as of January 2022 to 37.3% (33.1% in 2020). In January 2021, the second female representative director in its history was appointed, with its senior management-level getting thicker. The company also ranked the highest in the category of Promotion to Managerial Positions.

Resona Holdings came in the 2nd place (3rd in 2021 overall ranking). With extensive hierarchy-specific training system, Resona has been elaboratively training the candidates and achieved consecutive rise in the ratio of female line-managers for 10 years in a row to reach 32.0% as of March 2021 (30.4% in FY2020). It also promotes the flexibility of working place such as making meeting rooms in the branches available for satellite offices since 2019, and expanding teleworking to all employees since 2020. It ranked 2nd place in the category of Promotion to Managerial Positions.

Aflac Life Insurance Japan came in the 3rd (4th in 2021 overall ranking). With the aim of developing employees’ career, Aflac conducts regular one-on-one meetings between employees and their supervisors to formulate a career plan looking ahead of their future and encourages their growth by repeated dialogues between the two. The ratio of female employees at managerial position is 20.5% as of December 2021 (14.9% in 2019). The usage rate of paternity leave reached 100% for three consecutive years.

In addition to the overall ranking, rankings on four specific categories are compiled. The points of evaluation and top five companies for each category are as follows.

Category 1: Promotion to Managerial Positions

- Promotion to Managerial Positions is evaluated by the number of female executives and the ratio of female employees in total employees at managerial position as well as the number of internal and outside directors.
Shiseido came in the 1st place. Since 2017, the company selects the candidates for department heads and managerial positions and holds the training academy for female leaders. It established the selection training system for the next executive candidates in 2021, with total 59 people among the participants having been promoted. The company has been promoting the development of female managerial positions, such as implementing mentoring programs for female executives and female employees from 2020.

Resona Holdings, ranked the 2nd place, provides generous supports for the growth of female employees by conducting hierarchy-specific training. The ratio of female line-managers was 32.0% in FY2021 (30.4% in FY2020), increasing for 10 consecutive years.

Pasona Group came in the 3rd place. The company introduced the development program for female executive candidates in 2014 and achieved the ratio of female managerial positions of 42% (39% in 2020).

Rank Company
1 Shiseido
2 Resona Holdings
3 Pasona Group
4 MetLife
5 EY Japan

Category 2: Active Use of Women's Ability

- Use of women's ability is evaluated by whether a company has a dedicated section for utilizing women's capabilities and skills or by training programs for female employees, etc.
Hitachi and Dai-ichi Life Holdings tied for the top. Hitachi identifies issues for D&I promotions by each business division and function, to implement the measures by setting targets in each division. In April 2021, it achieved its goal to increase the ratio of female executives to 10% by FY2020. Dai-ichi Life Holdings aims to produce female managerial positions on a continuing basis and has been making efforts to develop the candidates. It increased the number of target employees for female managerial position training from 24 to 48 in 2021. It allows 153 people or 30% of total participates in the past six years have been promoted to the managerial positions.

Daiwa Securities Group, ranked the 3rd, extended the training period for female candidates of managerial positions from two-days and one-night to four to five months in 2021 and drastically renovated the training content. Tokio Marine & Nichido Fire Insurance, also ranked the 3rd, has started the mentor system since FY2020 aiming to produce female executives and general manager level and conducted the meetings between the executives and female employees at managerial position in 2021. Those efforts led to the appointment of six female executives who spent their whole career with the company in FY2021.

Rank Company
1 Hitachi
1 Dai-ichi Life Holdings
3 Daiwa Securities Group
3 Tokio Marine & Nichido Fire Insurance
5 Seven & i Holdings
5 Nippon Life Insurance

Category 3: Work-Life Balance

- Work-life balance is evaluated by total annual working hours, percentage of paid holidays taken, and percentage of childcare leave used by both male and female employees, etc.
Sumitomo Life Insurance and Meiji Yasuda Life Insurance tied for the lead. Sumitomo Life Insurance revised its personnel system in April 2021. It has promoted the workstyle not restricting time and place, such as expanding the eligible job type for flextime system to almost all employees. Aiming to increase the usage rate of paternity leave, the company holds a seminar on the theme of “childcare by dads”, resulting in the usage rate of paternity leave of 94% for the past three years. Meiji Yasuda Life Insurance has introduced since 2021 the remote working system enabling employees to do the work in Tokyo head office while living in local area for employees who are restricted their workplace due to childcare and nursing care or employees who are aiming to build their career. The system has been used by 42 employees from Hokkaido to Kagoshima. The usage rate of paternity leave was achieved 100% in 2020 and 2021.

Nippon Life Insurance ranked the 3rd place. Establishing a dedicated team in 2008, it has supported a balance between work and childcare/nursing care/medical treatment. The usage rate of paternity leave was achieved 100% for nine consecutive years from FY2013 to FY2021. Further strengthening its efforts since June 2021, it increased the usage rate of childcare leave in early timing (within eight weeks) after childbirth to roughly six times compared to FY2019.

Rank Company
1 Sumitomo Life Insurance
1 Meiji Yasuda Life Insurance
3 Nippon Life Insurance
4 Dai-ichi Life Holdings
5 Chiba Bank

Category 4: Diversity of Human Resources

- Diversity is evaluated by ratio of female employees and retention rate such as years of service, etc., as well as employment ratio of disabled employees and measures to promote understanding on LGBT.
This ranking evaluated higher the companies that have enhanced support systems including measures and expanded support systems for work-life balance, in order for everyone to be able to work longer regardless of gender, age, or disability. From this year, the category title has been changed to Diversity of Human Resources (“Diversity Workstyle Promotion” till last year).

Dai-ichi Life Holdings was ranked the highest with the retention rate of new graduate employees after three years from joining the company at 91%. The average years of service of full-time female employees is longer at 19 years 6 months. Among female full-time employees, 58% are married and 62% are working mother. 46% of female employees at managerial position have a child. There are many female employees who are balancing work and childcare.

Kao Group, ranked 2nd, has started the support system balancing work and childcare since 1990s. It became normal to continue working after childbirth in the mid-1990s, and many female employees are playing an active role in the company. Among female full-time employees in its key companies, currently 56% are married and 49% have a child. 59% of female employees at managerial position have a child.

Aflac Life Insurance Japan, ranked the 3rd, has promoted the diverse workstyle that is not tied to time and place and the turnover rate of young female employees has been improved (those in their 20s improved to 4.1% in 2021 from 14.3 in 2015, those in their 30s improved to 3.4% in 2021 from 7.6% in 2015). There is almost no gender difference in the average age and average years of service of full-time employees, with the retention rate of new graduate employees after three years from joining the company of 93%.

Rank Company
1 Dai-ichi Life Holdings
2 Kao Group
3 Aflac Life Insurance Japan
5 Japan Post Bank
5 Tokio Marine & Nichido Fire Insurance
5 Fujitsu

Detailed survey results are covered in the June 2022 issue (out May 7) of Nikkei Woman.

[Outline of Survey]

The survey was conducted by Nikkei BP Consulting between January and mid-February 2022, among 4,400 leading Japanese companies most of who are listed in the Japan Stock Market. There were valid responses from 535 companies. The questions in the survey and the evaluation method were set by the judges (Ms. Nami Otsuki, Professor, University Sacred Heart; Ms. Mariko Kono, CEO, Carian Inc.; and Ms. Emiko Takeishi, Professor, Hosei University) and the editorial department of Nikkei Woman.

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