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Promotion of the Elderly Empowerment

Introduction of Retirement at 65

J. Front Retailing, Daimaru Matsuzakaya Department Stores, JFR Card, Daimaru Kogyo and JFR Information Center extended retirement age to 65 from March 2020. We are considering deferring retirement age in each operating company to 65, and aiming for 70 by 2030. This is not a conventional re-hiring system, but would actually employ personnel as company employees beyond age 60. It would demand expansion of occupational fields and greater than previous levels of results and contribution, appropriate to employment categories. As such, we also aim to raise productivity and added value by making the most of the skills and expertise of employees of advanced age. In future, we think it is important for employees of advanced age to go beyond conveying their learned skills and knowledge to successors, and to learn new skills and knowledge. To that end, we are working to build training programs for recurrent (re-learning) education.

Post-retirement reemployment program

The operating companies that have not introduced retirement at 65 have in place a post-retirement reemployment program. Basically, these companies rehire employees who reach 60, if desired. We aim to introduce retirement at 65 throughout the Group by 2025.

<Daimaru Matsuzakaya Department Stores post-retirement reemployment rate>

(%)

FY2015 FY2016 FY2017 FY2018 FY2019
Men

88.9

97.3

85.3

90.0

89.4

Women

85.7

87.5

83.3

83.3

94.4

Total

88.5

95.6

85.0

87.5

91.6

*In principle, all employees who want to be reemployed are reemployed under the revised Act on Stabilization of Employment of Elderly Persons, which came into effect on April 1, 2013, unless they cannot provide labor.

My Life Plan Seminar

The “My Life Plan Seminar” is held for employees aged 53 and over to help make their life after retirement rich. Lecturers from inside and outside the Company provide various information on the future economic design (pension, asset building, etc.), healthcare (improvement of lifestyle including mental aspects, etc.), job satisfaction and purposes in life for employees before reaching the retirement age. They also provide advice on creating a future life plan. In fiscal year 2019, 249 employees attended the Seminar.

My Life Plan Seminar held in the Tokyo area

<Daimaru Matsuzakaya Department Stores number of employees who attended the Seminar>

(People)

FY2015

FY2016

FY2017

FY2018

FY2019

285

286

316

300

249

Promotion of Diversity & Inclusion