Japan’s Sumitomo Mitsui Bank makes one-month paternity leave mandatory ...Middle East

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This new policy aims to encourage greater participation in childcare and improve the overall working environment.

These measures are part of a broader initiative to be fully adopted by the 2028 fiscal year.

Employees will be given adequate preparation time to ensure a smooth transition.

This policy follows the bank’s achievement of a 100% paternity leave acquisition rate in fiscal year 2023.

The mandatory paternity leave applies to employees with children under two years old.

A growing number of Japanese companies are introducing similar colleague allowance schemes.

A recent government survey showed a record 40.5% of new fathers took paternity leave in 2024.

This figure remains significantly lower than the 86.6% of mothers who took maternity leave. – Bernama-Kyodo

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