TeamSpirit

Basic Information

Stock Code
4397
Industry
Information and Communications
Category Detail
Systems & Software
Prefecture
Tokyo
Establishment Year
November 1996
Listing Year
August 2018
Official Website
https://corp.teamspirit.com/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Proship, eBASE, Avantage Group, Money Forward, freee, i3, Oracle Japan, Obic Business Consultants, ZETA, Eud, PCA, TKC, Miroku Information Service

Overview

TeamSpirit is a pioneer in corporate cloud-based business management services in the information and communications industry, founded in 1996, providing a work-style reform platform such as attendance management and expense reimbursement, and is a growing enterprise.

Current Situation

TeamSpirit recorded sales of approximately ¥2.4 billion in fiscal 2020 and secured steady operating profit. Its flagship SaaS services for attendance management and expense settlement are highly regarded, particularly by mid-sized companies, and it is expanding its market share against the backdrop of increasing demand for telework compatibility. Competitors include Oracle Japan and Money Forward, and to differentiate, it is strengthening UX improvements and feature expansions. In the future, it will focus on developing business efficiency functions utilizing AI and expanding into overseas markets, while promoting sustainable corporate management. Its financial foundation is stable, with paid-in capital of approximately ¥800 million and 114 consolidated employees leveraging specialized talent. In the medium to long term, it regards IT technological innovation and the expansion of work-style reform needs as growth drivers, with diversification of cloud services and improvement of customer satisfaction as strategic pillars. In recent years, it has invested in new feature development, strengthening flexible system integration and mobile compatibility.

Trivia

Interesting Facts

  • Pioneering presence in Japan's cloud attendance management market
  • Early focus on promoting telework adoption
  • Consistent focus on cloud services since founding
  • Founder holds over 31% as major shareholder
  • 114 consolidated employees with high expertise
  • Acquired ISO 27001 security certification
  • Company name means team collaboration power
  • Owns subsidiary in Singapore overseas
  • Listed on Tokyo Stock Exchange Growth Market in 2018
  • Rapid legal compliance is key to customer evaluation
  • Continued specialized development in attendance management since early days
  • Publishes numerous APIs to form an ecosystem
  • Operating profit margin of approx. 10% with stable profitability
  • Benefiting from tailwinds of work-style reform
  • Operates official account on X (formerly Twitter)

Hidden Connections

  • In competitive relationship with major IT companies such as Oracle Japan and Money Forward
  • Collaborative and information exchange relationships with related companies like System Location and Eud
  • Technical partnership track record with major ERP vendors through system integration
  • Head office located in Kyobashi, Chuo-ku, Tokyo, adjacent to IT hub
  • Deploys stable revenue through recurring billing model and is evaluated by investors
  • Auditor is EY ShinNihon LLC, high reliability
  • Acquired unique market position with integrated attendance and expense management service
  • Overseas subsidiary serves as gateway for Asian market expansion

Future Outlook

Growth Drivers

  • Increasing attendance management demand due to telework普及
  • DX (digital transformation) promotion by mid-sized companies
  • Business efficiency improvement through AI and machine learning technologies
  • Expansion of cloud services domestically and internationally
  • Market expansion accompanying progress in work-style reform-related laws
  • Strengthening of API integration ecosystem
  • Customer acquisition through mobile compatibility and UX improvements
  • Increasing needs for diverse work form support
  • Increase in sustainability-oriented companies
  • Government and local government digitalization initiatives

Strategic Goals

  • Enter top 3 domestic market share
  • Achieve overseas sales ratio of 20% or more
  • Product innovation through AI technology utilization
  • Strengthen social contributions based on sustainability policy
  • Continue annual sales growth of 10% or more
  • Diversification and high value-added of product lineup
  • Expansion of partner ecosystem centered on APIs
  • Security enhancement across all services
  • Improve employee satisfaction and promote diversity
  • Maximize shareholder value and achieve sustainable growth

Business Segments

Cloud Attendance Management Service

Overview
Provides cloud-based attendance management systems for diverse industries, supporting legal compliance and telework management.
Competitiveness
High extensibility and flexible customization for business adaptability
Customers
  • Mid-sized companies
  • IT companies
  • Manufacturing
  • Services
  • Retail
  • Educational institutions
  • Local governments
  • Hospitals
Products
  • TeamSpirit Attendance Management
  • TS Attendance Premium

Expense Reimbursement Automation Service

Overview
Reduces expense processing costs through digitization of receipts and workflow automation.
Competitiveness
Utilization of mobile integration and AI OCR technology
Customers
  • Mid-sized companies
  • Professional firms
  • Non-profits
  • Educational institutions
  • Food and beverage
Products
  • TeamSpirit Expense Reimbursement

Business Process Efficiency Consulting

Overview
Achieves productivity improvements through business flow analysis and optimization proposals.
Competitiveness
Proposal capabilities based on extensive industry knowledge and track record
Customers
  • Manufacturing
  • Finance
  • IT companies
  • Services
  • Local governments
Products
  • Internal business process improvement support
  • Risk management consulting

Man-hour and Project Management Service

Overview
Systematizes work time and cost management per project to support performance improvement.
Competitiveness
Real-time analysis functions for swift decision-making support
Customers
  • SIers
  • Software development companies
  • Construction
  • Advertising agencies
Products
  • TeamSpirit Man-hour Management
  • TS Project

Labor and HR Management Support Service

Overview
Support aimed at HR-payroll system integration and labor risk reduction.
Competitiveness
Support system specialized in legal compliance
Customers
  • SMEs
  • Local governments
  • Medical institutions
  • School corporations
Products
  • Labor Assist
  • TS HR Connect

Telework Promotion Platform

Overview
Cloud infrastructure that contributes to work-style reform, supporting diverse work forms.
Competitiveness
Telework-specialized management functions and user-friendly UI
Customers
  • IT companies
  • Consulting firms
  • Mass media
  • Educational institutions
  • Manufacturing
Products
  • TeamSpirit WorkStyle

Mobile-Compatible Attendance and Expense Management

Overview
Comfortably manages field workers' operations via smartphone apps.
Competitiveness
Accurate labor management with proprietary functions like GPS stamping
Customers
  • Field sales
  • Call centers
  • Delivery services
  • Field engineers
Products
  • TeamSpirit Mobile
  • TS Go

Data Integration and API Provision Service

Overview
Realizes seamless data integration with internal and external systems.
Competitiveness
Flexible API provision and comprehensive documentation
Customers
  • Major SIers
  • Core system operators
  • Cloud service providers
Products
  • Various API integrations
  • Data export/import tools

International Expansion Support Service

Overview
Provides globally compatible business management systems and expansion support.
Competitiveness
Local regulation compliance and multi-language support
Customers
  • Multinational corporations
  • Overseas-expanding companies
  • Foreign subsidiaries
Products
  • Multi-language compatible systems
  • Overseas subsidiary management solutions

System Implementation Training and Support

Overview
Various services to support smooth user implementation and operation.
Competitiveness
Meticulous support by specialized staff
Customers
  • New users
  • Mid-sized companies
  • System administrators
Products
  • Onboarding
  • Online manuals
  • Help desk

Security Measures and Audit Support

Overview
Provides services for preventing information leaks and ensuring compliance.
Competitiveness
Suite of functions compliant with audit standards
Customers
  • Financial institutions
  • Public institutions
  • Medical corporations
Products
  • Log management tools
  • Access rights management

Cloud Environment Optimization Service

Overview
Support for optimizing in-use cloud environments.
Competitiveness
Issue identification through data analysis and strong proposal capabilities
Customers
  • Cloud users
  • IT managers
Products
  • System performance monitoring
  • Cost management tools

Competitive Advantage

Strengths

  • Cloud expertise specialized in SaaS
  • Deep market understanding for mid-sized companies
  • Pioneer in work-style reform compatible services
  • Flexible customizability
  • Stable financial base and profit securing
  • Securing of specialized IT talent
  • High customer satisfaction and repeat rate
  • Rapid new feature development capability
  • Comprehensive support system
  • Legal regulation compliance capability
  • Extensibility via API integration
  • Telework compatible functions
  • Smartphone app operability
  • System integration capability
  • Deep technical understanding by management

Competitive Advantages

  • Integrated platform for attendance, expenses, and man-hours management
  • Service design optimized for mid-sized company needs
  • Rapid product rollout in response to telework needs
  • System to quickly follow legal amendments
  • Flexibility and customization for diverse industries
  • Comprehensive support and consulting capabilities
  • Promotes business efficiency through abundant APIs and system integrations
  • Improved user convenience with UX-focused mobile compatibility
  • Achieves stable revenue through recurring billing model
  • Brand strength and recognition rooted in the market
  • Reliable audit system and strengthened governance
  • High employee expertise and development capabilities
  • Flexible contracting and scalability
  • High growth potential in the domestic cloud market
  • Internal controls and risk management capabilities

Threats

  • Intensifying competition in the domestic cloud market
  • Risk of entry by major IT vendors
  • Need to continually adapt to rapid technological changes
  • Increasing cyber security risks
  • Demand fluctuations due to changes in work-style reform needs
  • Risk of profit margin decline due to price competition
  • Burden of responding to sudden legal changes
  • Slowdown in customers' cloud migration pace
  • Risk of overseas competitors entering
  • Risk of technological decline due to talent outflow
  • Reputation damage from customer data leaks
  • System investment cuts due to economic downturn

Innovations

2023: Introduction of AI-powered Attendance Anomaly Detection

Overview
Added a function that uses AI analysis of attendance data to automatically detect anomalies such as irregular attendance early.
Impact
Improves corporate labor management efficiency and contributes to reducing issues.

2022: Complete Overhaul of Mobile App

Overview
Released a mobile app with significantly improved user experience.
Impact
Contributes to increased user numbers and improved customer satisfaction.

2021: Enhanced Multi-language Support

Overview
Strengthened multi-language compatibility for overseas bases to promote global expansion.
Impact
Contributes to expansion of overseas customer acquisition.

2023: Expansion of API Integrations

Overview
Expanded integration APIs with major ERP and HR systems to promote business efficiency.
Impact
Smoothens integration with other systems and improves customer convenience.

2024: Cloud Security Enhancement Measures Implemented

Overview
Completed system enhancements compliant with the latest security standards.
Impact
Significantly improves security of customer information.

Sustainability

  • Reducing environmental impact through paperless promotion
  • Improving in-house power efficiency and expanding renewable energy use
  • Promoting diverse work styles to improve work-life balance
  • Conducting cyber security awareness and education activities
  • Supporting IT literacy improvement in local communities