Ecomic

Basic Information

Stock Code
3802
Industry
Information and Communications
Category Detail
Professional Services for Businesses
Prefecture
Hokkaido
Establishment Year
April 1997
Listing Year
April 2006
Official Website
https://www.ecomic.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
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Overview

Ecomic is a Hokkaido-based information and communications specialized service company founded in 1997, with payroll calculation outsourcing services as its core business, and has built a stable foundation as a subsidiary of the major staffing company Career Bank.

Current Situation

Ecomic recorded consolidated net sales of approximately 1.35 billion yen, operating profit of approximately 105 million yen, and net profit of approximately 98 million yen in the fiscal year ended March 2020. Its main business is corporate payroll processing outsourcing, with a strong local presence in the Hokkaido market. As a wholly-owned subsidiary of Career Bank, it leverages collaboration with its parent company to expand its customer base. In recent years, it has strengthened its information management system through Privacy Mark certification and expanded its service areas by establishing customer centers in Tokyo and Osaka. In terms of sustainability, it thoroughly protects personal information and enhances internal governance. Following a market segment change, it transitioned to the Tokyo Stock Exchange Standard Market and is expanding IT-related services through the acquisition of its subsidiary Bizlight Technology. In the increasingly competitive BPO sector, it aims for business growth leveraging its specialization and reliability. Moving forward, strengthening regionally integrated services and efficiency gains through digital technology will be key to growth.

Trivia

Interesting Facts

  • Known as a Hokkaido-originated BPO company specialized in payroll calculation
  • Parent company Career Bank is a long-established local firm with over 40 years since founding
  • Thick trust in information management due to Privacy Mark certification
  • Regional growth company with bases also in Tokyo and Osaka
  • President Koji Kumagai has a transfer history from Career Bank
  • Strengthening IT solutions through subsidiary Bizlight Technology
  • Transitioned to audit and supervisory committee in 2018 to strengthen governance
  • Moved from TSE JASDAQ to Standard following market segment change
  • Established labor consulting division in 2004 to promote diversification
  • Continues stable operations centered in Sapporo, Hokkaido since founding
  • Numerous achievements addressing payroll needs across diverse industries
  • Flexible service provision enabled by in-house IT development
  • High customer satisfaction from regionally integrated support
  • Proactive in business efficiency using latest technologies
  • Abundant specialized knowledge in HR and labor fields

Hidden Connections

  • Fusion of staffing and BPO through collaboration with parent Career Bank
  • Utilizes overseas IT development resources through subsidiary in Qingdao
  • Accelerated trust acquisition from major customers via Privacy Mark certification
  • Achieves advanced internal controls through collaboration with Deloitte Tohmatsu
  • Head office in Asahi Life Building in Sapporo for excellent accessibility
  • Growth company that garnered attention from many investors during Ambitious listing
  • Deploys regionally integrated customer care at each local base
  • Promotes service diversification and digitalization through IT subsidiary acquisition

Future Outlook

Growth Drivers

  • Expanding demand for payroll efficiency through digitalization promotion
  • Increasing needs for specialized services accompanying legal revisions
  • Market expansion from synergy effects with staffing industry
  • Growth in overall BPO market and rising outsourcing demand
  • New customer development from IT infrastructure expansion in regional companies
  • Demand for advanced labor management accompanying work style reforms
  • Improved customer satisfaction from cloud service utilization expansion
  • Order expansion from growing importance of security enhancements
  • Risk diversification through service expansion to diverse industries
  • Development of value-added services through AI technology introduction

Strategic Goals

  • Achieve top share in Hokkaido payroll outsourcing field
  • Expand IT solutions sales to 30% of total
  • Establish sustainable management system and strengthen regional trust
  • Nationwide expansion through customer centers in major cities
  • Promote business automation via AI and cloud technologies
  • Secure and retain excellent talent through improved employee satisfaction
  • Achieve highest level corporate governance by strengthening audit and supervisory committee functions
  • Build cutting-edge security systems for customer information protection
  • Build stable revenue base through multifaceted services and new business creation
  • Expand social contribution activities through strengthened regional collaboration

Business Segments

Payroll Outsourcing

Overview
Service that outsources all corporate payroll-related operations to support efficiency and legal compliance.
Competitiveness
Strong foundation centered in Hokkaido and collaboration with parent company.
Customers
  • Small and medium-sized enterprises
  • Large corporations
  • Public institutions
  • Medical corporations
  • Educational corporations
  • Manufacturing
  • Services
  • Retail
  • IT companies
  • Construction
Products
  • Payroll outsourcing service
  • Year-end adjustment support
  • Attendance data integration service
  • Legal revision対応 service
  • My Number management
  • Remuneration payment management
  • Social insurance procedure outsourcing
  • Wage system consulting
  • Labor dispute response support
  • Payroll system maintenance

Labor Consulting

Overview
Specialized consulting aimed at optimizing corporate wage and labor management and reducing risks.
Competitiveness
Optimal proposals based on practical experience and regional characteristics.
Customers
  • Corporate executives
  • HR departments
  • Labor affairs staff
  • Audit firms
  • Social insurance labor consultants
  • Law firms
Products
  • Wage system design support
  • Labor compliance guidance
  • HR and labor management advice
  • Employment regulations creation/revision
  • Labor dispute response
  • In-house training programs

IT Solution Services

Overview
Provision of system-related services aimed at streamlining payroll operations.
Competitiveness
High-quality services backed by parent company's IT division technology support.
Customers
  • Mid-sized companies
  • IT vendors
  • System development companies
  • Accounting firms
  • Staffing agencies
Products
  • Cloud payroll system
  • System customization
  • Data integration service
  • Maintenance and operation support
  • System implementation support

Outsourcing Business Support

Overview
Comprehensive support for payroll and labor management tailored to outsourcing providers.
Competitiveness
Synergies from collaboration with major staffing company.
Customers
  • Staffing agencies
  • Outsourcing providers
  • HR tech companies
  • Contract work companies
Products
  • Payroll outsourcing
  • Labor management support
  • Data processing outsourcing
  • Business improvement consulting

Education and Training Services

Overview
Services supporting human resource development and education related to payroll and labor management.
Competitiveness
High-quality training programs based on specialized know-how.
Customers
  • Corporate HR departments
  • Labor unions
  • Managers
  • Site supervisors
Products
  • Payroll operation training
  • Legal compliance seminars
  • Labor management seminars
  • Compliance training

Competitive Advantage

Strengths

  • Strong Hokkaido regional foundation
  • Stability as a subsidiary of Career Bank
  • Specialized payroll outsourcing service
  • Reliability from Privacy Mark certification
  • Expansion to customer centers in Tokyo and Osaka
  • Strength in IT system development and operations
  • Abundant outsourcing experience and know-how
  • Rapid service provision for legal revisions
  • Adaptability to diverse customer segments
  • Robust workforce of approximately 160 employees
  • Expansion of IT-related services through subsidiary
  • Strengthened corporate governance via audit and supervisory committee
  • High specialization in the BPO industry
  • Regionally integrated customer support
  • Synergy effects from parent company collaboration

Competitive Advantages

  • Differentiation through regionally integrated services centered in Hokkaido
  • High specialization maintained by focusing on payroll calculation field
  • Customer information security assured by Privacy Mark certification
  • Stable capital base as a subsidiary of Career Bank
  • Systems in place for rapid response to legal revisions
  • One-stop service from fusion of IT and labor knowledge
  • Nationwide coverage possible with bases in Osaka and Tokyo
  • Strong proposal capabilities leveraging accumulated customer data
  • Implementation of advanced security management systems
  • Provision of multifaceted labor consulting services
  • Solution provision through collaboration with related subsidiaries
  • High customer trust from long-term regional track record
  • Capability to deploy segmented custom services
  • Comprehensive employee training and education systems
  • Transparency ensured by audit and supervisory committee

Threats

  • Intensifying competition in the BPO market
  • Increased operational burden from labor-related legal revisions
  • Delays in responding to rapid IT technology changes
  • Trend toward in-house development by large customers
  • Economic uncertainty due to COVID-19
  • Risk of service quality decline from labor shortages
  • Threats from information leaks and cyberattacks
  • Intensifying price competition from competitors
  • Increasing complexity and risks in regulatory compliance
  • Impact from parent company's management situation
  • Substitution risk from expansion of cloud-based payroll services
  • Customer churn due to fluid labor market

Innovations

2022: Subsidiary acquisition of Bizlight Technology

Overview
Implemented subsidiary acquisition to strengthen IT services supporting payroll calculation.
Impact
Contributes to advanced IT know-how and service diversification.

2021: Promotion of cloud payroll system adoption

Overview
Began in-house development and provision of cloud-compatible payroll systems.
Impact
Contributes to customer operational efficiency and cost reduction.

2020: Privacy Mark renewal certification

Overview
Maintained certification in conjunction with strengthened personal information protection management.
Impact
Improves customer trust and reduces information leak risks.

2023: Initiation of AI-utilizing business process automation

Overview
Promoting efficiency in payroll calculation tasks using AI technology.
Impact
Achieved reduction in processing time and human errors.

2024: Security enhancement project

Overview
Strengthened internal management systems by introducing the latest information security technologies.
Impact
Enhanced protection of customer assets and compliance adherence.

Sustainability

  • Strengthening personal information protection management
  • Reducing environmental impact through paperless promotion
  • Supporting employee work-life balance via remote work environment setup
  • Regional social contributions through local job creation
  • Raising compliance awareness through employee education
  • Energy-saving office operations
  • Strengthened corporate governance via audit and supervisory committee
  • Supply chain management considering environment and society
  • Promotion of diversity and women's active participation
  • Sustainable IT service expansion through subsidiary collaboration
  • Active participation in regional events
  • Regional welfare support activities