Timee

Basic Information

Stock Code
215A
Industry
Service Industry
Category Detail
Internet Site Operations
Prefecture
Tokyo
Establishment Year
August 2017
Listing Year
July 2024
Official Website
https://timee.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
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Overview

Timee is a leading Japanese spot gig job service founded in 2017, operating an innovative talent platform with strengths in real-time matching and same-day reward payments.

Current Situation

Timee recorded net sales of approximately 16.1 billion yen and operating profit of approximately 1.9 billion yen for the fiscal year ending October 2023, continuing rapid growth as a notable player in the service industry. Its flagship spot gig app 'Timee' boasts over 7 million users and approximately 98,000 registered companies, with a no-interview, immediate work system providing high competitive advantage. The real-time reward transfer function differentiates it from competitors, featuring abundant job listings particularly in the food and beverage industry across diverse sectors. Additionally, it is expanding into new services such as 'Timee Travel' for regional revitalization and 'Timee Career Plus' for full-time employment support. It has actively pursued funding, completing a large-scale 13 billion yen raise in 2023. Key risks include strengthening measures against fraudulent usage to ensure job information reliability, with further compliance enhancements essential for maintaining social trust. Moving forward, deeper collaboration with local governments is expected to contribute to regional issue resolution while pursuing market expansion.

Trivia

Interesting Facts

  • Founder conceived and launched the service while a university student.
  • Same-day payroll after shifts is pioneering in the industry.
  • Cumulative registered workers exceeded 7 million in 2024.
  • Deploys regional revitalization programs through local government collaborations.
  • Uniquely developed and introduced badge function for skill visualization.
  • Holds particularly strong position in food and beverage industry jobs.
  • Boosted awareness by featuring famous actress Kanna Hashimoto in CMs.
  • Service use pointed out in Aichi Governor recall petition forgery incident, leading to apology.
  • Regular radio show with Machine Guns started in 2023.
  • Provides exclusive job opportunities for alumni via 'Alumni Function'.
  • Founder's grandfather's death was the trigger for starting the business.
  • Name 'Timee' derived from 'time'.

Hidden Connections

  • Achieved rapid reward payments through business partnership with Seven Bank.
  • Sponsor agreement with J.League club FC Tokyo contributes to regional sports support.
  • Major IT industry players like CyberAgent and MIXI listed as primary shareholders.
  • Actively involved in regional revitalization and relocation support through local government business collaborations.
  • Strengthens logistics-related jobs through collaborations with four major logistics firms with capital participation.
  • Obtained permission 13-YU-311381 from MHLW for paid employment placement business.
  • After dark pool gig issues, promptly announced strengthened job screening measures.
  • Enhances work convenience through proprietary QR code patent technology.

Future Outlook

Growth Drivers

  • Increasing job demand amid severe labor shortages in Japan.
  • Service differentiation pursuing convenience of immediate payment and no interviews.
  • New market development through strengthened administrative collaborations for regional revitalization.
  • Expansion of responses to diverse work style needs like full-time transitions.
  • Improved matching accuracy and efficiency via digital technology.
  • Market expansion through promoting labor participation of elderly and disabled.
  • Ongoing funding for service investments and expansion strategies.
  • Compliance strengthening in response to labor law changes.
  • New customer acquisition from post-COVID work style diversification.
  • Added value provision through multi-use skill certification function.

Strategic Goals

  • Expand cumulative registered workers to over 15 million.
  • Deploy local government collaboration businesses nationwide.
  • Achieve annual support for over 10,000 full-time job placements via transition service.
  • Aim for 100% job information reliability through thorough fraud elimination.
  • Achieve industry-leading matching accuracy using AI and data.
  • Expand support services for diverse workers to enhance social inclusivity.
  • Promote ESG management to enter top 10 in best workplaces rankings.
  • Gradually launch platform in overseas markets.
  • Establish sustainability-focused operations fulfilling social responsibilities.
  • Improve cashless/mobile payment ratio to over 95%.

Business Segments

Job Advertisement Sales

Overview
Provides job ads, matching tools, and support services to diverse businesses.
Competitiveness
Rapid matching and same-day reward payments are highly evaluated.
Customers
  • Small and Medium Enterprises
  • Food and Beverage Operators
  • Event Management Companies
  • Logistics Companies
  • Retailers
  • Local Governments
  • Staffing Agencies
  • Care Facilities
  • Educational Institutions
  • Freelance Workers
Products
  • Spot Gig Job Listings
  • Job Matching Platform
  • Real-Time Reward Payment Function
  • Job Management Tools
  • Talent Assessment Services
  • Regional Experience Job Listings
  • Career Support Programs
  • Labor Management Support
  • Ad Targeting
  • Customer Analytics Reports

Local Government Collaboration Business

Overview
Collaborates with local governments to offer talent support services contributing to regional revitalization.
Competitiveness
Provides customized services tailored to regional needs.
Customers
  • Local Governments
  • Regional Revitalization Groups
  • Tourism Associations
  • Agricultural Corporations
  • Local Chambers of Commerce
Products
  • Regional Employment Experience Programs
  • Regional Talent Matching
  • Relocation Promotion Support Services
  • Regional Industry Support
  • Labor Shortage Resolution Support

Full-Time Transition Support Service

Overview
Provides services to promote transitions from part-time to full-time employment.
Competitiveness
Visualizes workers' employment history to enhance reliability.
Customers
  • Growing Companies
  • Small and Medium Enterprises
  • Staffing Agencies
  • Job Ad Agencies
Products
  • Full-Time Introduction Platform
  • Skill Badge Function
  • Trial Work Support
  • Matching Support Services

Competitive Advantage

Strengths

  • Unique no-interview, immediate employment service
  • Implementation of rapid reward payment function
  • Abundant job listings across diverse industries
  • Large-scale platform with over 7 million registered users
  • Strengthened regional support through local government collaborations
  • Strong funding capabilities enabling aggressive service expansion
  • Introduction of employee skill visualization function
  • Matching capabilities accommodating diverse talent needs
  • Increased brand awareness through TV commercials
  • Service design supporting flexible work styles

Competitive Advantages

  • Pioneering no-interview, immediate start mechanism ahead of competitors
  • Real-time reward transfers via partnership with Seven Bank
  • Job provision system covering wide business genres
  • Differentiation through long-term regional revitalization collaborations
  • Realizes employment promotion via skill certification badges
  • Stable growth from large-scale funding post-Series D
  • Suite of services supporting diverse worker styles
  • High matching accuracy reducing labor costs for companies
  • Compliance framework enhancing operational transparency
  • Service design leveraging broad age-group user base

Threats

  • Decline in social trust from infiltration of fraudulent jobs like dark pool gigs
  • Intensifying competition in labor-short industries
  • Risk of increased operating costs from stricter regulations
  • Security risks such as personal information leaks
  • Market share pressure from new competitor entries
  • Unstable job demand due to economic fluctuations
  • Impact on collaboration businesses from local government policy changes
  • Decline in service competitiveness from delayed technological innovation
  • Decline in user work motivation or changes in employment conditions
  • Increased labor costs from social security system changes

Innovations

2024: Launch of Full-Time Transition Support Service 'Timee Career Plus'

Overview
Launched new service realizing full-time job support through visualization of part-time work records.
Impact
Successfully diversified services and established talent introduction revenue base.

2023: Introduction of Badge Function Visualizing Skills and Achievements

Overview
Implemented function digitalizing work history to enhance trust for both job posters and workers.
Impact
Contributes to improved matching accuracy and reduced turnover.

2022: Service Enhancement through Large-Scale Funding

Overview
Raised 18.3 billion yen to accelerate investments in platform and regional collaboration businesses.
Impact
Achieved business area expansion and brand awareness improvement.

2021: Establishment of Gig Work Research Institute

Overview
Opened research institute aimed at labor market transparency to improve service reliability.
Impact
Contributes to compliance strengthening and industry evaluation improvement.

2020: Acquisition of Patents for Employment Contracts and Attendance Management

Overview
Developed patented QR code-based labor management technology to promote operational efficiency.
Impact
Realizes fraud prevention and improved user experience.

Sustainability

  • Strengthened screening to eliminate fraudulent and misrepresented job postings
  • Enhanced security measures for user personal information protection
  • Regional economic revitalization support through local government collaborations
  • Promoting labor market inclusion through diverse work style advancement
  • Employment support and career development activities for disabled and elderly individuals