Japan’s Itochu Corp has announced an impressive 14% surge in its half-year net profit, fueled by robust growth in its trading and retail divisions, Reuters reports. This outstanding performance highlights the company’s ability to thrive despite ongoing global uncertainties
In a significant shift, major Japanese corporations have announced substantial pay and bonus increases for employees, reflecting a growing commitment to improving worker compensation amid rising living costs. This development signals a potential change in Japan’s corporate culture.
In Japan, companies often prioritize harmony and consensus in conflict resolution. Employees are encouraged to engage in open communication and group discussions, fostering a culture of collaboration. This approach aims to maintain relationships and preserve the organization’s collective unity.
