Conclusion of Negotiations on Wage Revisions and Annual Bonuses FY2024

Chubu Electric Power Co., Inc., Chubu Electric Power Grid Co., Inc., and Chubu Electric Power Miraiz Co., Inc. today announced that each of the companies has reached an agreement with the Chubu Electric Power Labor Union regarding the revision of wages and annual bonuses for FY2024.

【Details of the agreement】 (Note) The details of the agreement are the same for all three companies.

• Wage revision
  Wage revision to increase by 12,000 yen for a high school graduate, 29 years old, with 11 years of service and a dependent spouse.

• Annual bonus
  Total annual payment 1,830,000 yen per person

• Starting salary (employee)
  

  Graduate school	261,000 yen (13,000 yen increase)
  University	237,000 yen (13,000 yen increase)
  Technical college	209,500 yen (11,000 yen increase)
  Junior college	209,500 yen (31,000 yen increase)
  High school	184,500 yen (10,000 yen increase)

＜Reference＞

• Union demands in the current round of negotiations
  Wage revision request: High school graduate, 29 years old, 11 years of service, with a dependent spouse, 12,000 yen
  Annual bonus request: Average annual total per person: 1,830,000 yen
  

• Last year's results
  Wage revision: High school graduate, 29 years old, 11 years of service, with a dependent spouse increased by 3,000 yen
  Annual bonus: 1,630,000 yen per person