OpenWork

Basic Information

Stock Code
5139
Industry
Information and Communications
Category Detail
Internet Site Operations
Prefecture
Tokyo
Establishment Year
June 2007
Listing Year
December 2022
Official Website
https://www.openwork.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Timee, Jigen, Digital Plus, Basis, Sharing Innovations, Visional, One Career, Livin' Technologies, Medley, iCubesys, ProdyLight, ZETA, Livesense, Atrae, Disruptors, PORT, HousTelevision, Tokyo Tsushin Group, Libero

Overview

OpenWork was founded in 2007 and is an information services company providing Japan's largest job change and recruitment platform based on employee review data.

Current Situation

As of 2023, OpenWork has approximately 6 million registered users and possesses over 16 million pieces of employee review data. It listed on the Tokyo Stock Exchange Growth Market in 2022 and is attracting attention in the information and communications industry. Its main business is providing company evaluation information for job changes and job hunting, with strengths in workplace environment scores and employee reviews. Compared to competitors, it provides one of the largest databases in Japan with highly reliable information. Technologically, it is advancing the sophistication of company evaluation standards through proprietary big data analysis. It also considers sustainability, continuously conducting surveys and disseminating information related to work-style reform. In the future, it aims to expand its career consultation SNS and improve matching accuracy through AI utilization, strengthening its revenue base through business expansion and increased registrants. It operates services from its headquarters in Shibuya, Tokyo, focusing on improving customer satisfaction in the medium to long term.

Trivia

Interesting Facts

  • Former service name was Vorkers, changed to OpenWork in 2019.
  • Possesses Japan's largest employee reviews and evaluation scores.
  • Service launched in June 2007, headquarters in Shibuya, Tokyo.
  • Representative Director is Yoki Osawa.
  • Registered users number approximately 6 million.
  • Approximately 16 million review data entries accumulated.
  • Career consultation SNS expands information provision scope.
  • Review data has high trust in Japan's job change market.
  • Also utilized for recruitment effectiveness analysis by job listing companies.
  • Actively introducing AI technology for data analysis.

Hidden Connections

  • Business collaborations observed with related stocks like Visional and PORT, which are talent tech companies.
  • Former name Vorkers was a pioneer in talent-related services.
  • Specialized in the information and communications category of the Tokyo Stock Exchange Growth Market.
  • Headquarters located in high-rise office at Shibuya Scramble Square, famous as an IT company hub.

Future Outlook

Growth Drivers

  • Expansion of Japan's domestic job change market
  • Increased demand for information services due to digitalization promotion
  • Diversification of career awareness among youth
  • Improved matching accuracy through AI utilization
  • Growth in non-regular and freelance markets
  • Rising corporate needs for work-style reform

Strategic Goals

  • Capture top share in domestic job change platforms
  • Service sophistication through AI and big data utilization
  • Expansion of business to domestic and international markets
  • Surpass 10 million registered users
  • Strengthen company evaluation metrics with sustainability focus

Business Segments

Recruitment Support Services for Companies

Overview
Deploys information provision and analysis services to support companies' recruitment activities.
Competitiveness
Highly accurate company evaluations based on abundant review data
Customers
  • Small and medium enterprises
  • Large companies
  • Talent agencies
  • Recruitment consultants
  • Job ad agencies
Products
  • Job Listing Platform
  • Recruitment Branding Support
  • Recruitment Effectiveness Analysis Reports
  • Employee Review Analysis Service
  • Custom Job Solutions

Talent Market Information Provision

Overview
Provides various data and survey reports on the talent market.
Competitiveness
Reliability from proprietary big data analysis
Customers
  • Talent dispatch companies
  • Educational institutions
  • Government agencies
  • Market research companies
Products
  • Labor Market Data Analysis
  • Employee Satisfaction Surveys
  • Estimated Income Reports

Career Support for Job Changers

Overview
SNS and advisory services to support individuals' job change activities.
Competitiveness
Diverse user base and information transparency
Customers
  • Job seekers
  • Career consultants
  • Job change agents
Products
  • Career SNS Platform
  • Interview and Resume Support
  • Career Consultation Service

Competitive Advantage

Strengths

  • Japan's largest employee review database
  • High-precision company evaluation algorithms
  • Strong brand recognition
  • Abundant user base
  • Innovative career consultation SNS

Competitive Advantages

  • Proprietary large-scale data collection network
  • Fair company evaluation metrics from user perspective
  • Strong partnerships with job listing companies
  • Real-time reflection of user posts
  • Multi-faceted job and evaluation integrated services

Threats

  • Increase in similar services from competitors
  • Impact of personal information protection laws and regulatory strengthening
  • Difficulty in maintaining user data reliability
  • Impact from economic fluctuations in recruitment market
  • Changes in SNS platform market

Innovations

2023: Introduction of Career Consultation SNS Feature

Overview
Launched SNS for career consultations among users, promoting service diversification.
Impact
Significant improvement in user engagement

2022: Advanced Company Evaluation with AI

Overview
Utilized artificial intelligence to achieve diverse review analysis and improved score accuracy.
Impact
Improved evaluation reliability and user satisfaction

2021: Product UI/UX Overhaul

Overview
Completely revamped user interface to improve operability.
Impact
Reduced churn rate and increased new registrations

2023: Introduction of Industry-Specific Income Estimation Model

Overview
Newly developed income estimation models by industry and job type to enhance accuracy.
Impact
Well-received as reference data for job changers

2020: Smartphone App Release

Overview
Launched mobile app for anytime information access.
Impact
Significant increase in mobile users

2024: Big Data Analysis Platform Enhancement

Overview
Strengthened servers and refreshed analysis tools to improve data processing capacity.
Impact
50% improvement in processing speed and analysis accuracy

2023: Addition of Live Streaming Career Consultation Feature

Overview
Real-time career consultations via user-participatory live streaming.
Impact
Increased user satisfaction and usage time

2022: Opening of Multi-Language Pages

Overview
Advanced multi-language support including English to target foreign users.
Impact
10% increase in foreign users

2021: Launch of API Integration Services

Overview
Began providing review data APIs to external companies.
Impact
Established new B2B revenue source

2020: Implementation of Privacy Enhancement Measures

Overview
Reviewed systems and legal frameworks for personal information protection.
Impact
Contributed to maintaining user trust

Sustainability

  • Strengthened information dissemination on work-style reform
  • Provision of evaluations for corporate diversity promotion
  • Thorough protection of user privacy
  • Enhanced energy-saving measures for IT infrastructure
  • Expansion of regional company information for local revitalization
  • Content development for promoting women's active roles